Datacentrex Inc. (NASDAQ: DTCX) reported a GAAP net loss resulting in an earnings per share (EPS) of $(0.14) for the second quarter ended June 30, 2026. The Salt Lake City-based digital asset mining firm generated revenue of $1.913 million, remaining flat year-on-year against $1.9 million in the second quarter of 2025. Despite the reported loss, the company’s operational cash consumption improved sharply, with its non-GAAP Net Cash Burn dropping approximately 88% sequentially to just $61,000, compared to $496,000 in the first quarter of 2026.

CEO Parker Scott attributed the challenging operating environment to higher power costs and continued volatility in digital asset markets. The GAAP net loss widened to approximately $5.5 million from a $1.5 million loss in the same period of 2025.

Financial Performance

Gross profit fell to approximately $205,000, representing a gross margin of 10.7%, down significantly from $931,000 and a 48.2% margin in the prior-year period. The contraction was primarily driven by increased power rates for the company’s deployed mining fleet.

Total operating expenses rose to approximately $5.0 million from $2.4 million in the second quarter of 2025. This increase included:

• Approximately $3.3 million in depreciation and amortization.
• Approximately $851,000 in stock-based compensation.
• Approximately $863,000 in general and administrative expenses.

The GAAP net loss included approximately $1.3 million in net realized and unrealized losses on digital assets. These losses were partially offset by approximately $597,000 in net interest income earned on the company’s cash balances.

What the Numbers Show

The divergence between the GAAP net loss and the near-breakeven Net Cash Burn highlights the impact of non-cash items on reported earnings. While the GAAP loss widened due to depreciation ($3.3 million) and digital asset mark-to-market losses ($1.3 million), the underlying operational cash outflow was minimal. The $597,000 in net interest income effectively subsidized the operational costs, reducing the Net Cash Burn to $61,000. This indicates that while accounting profits are pressured by asset valuation and depreciation, the core business is nearing operational cash neutrality.

Balance Sheet and Operations

Datacentrex ended the quarter with a strong liquidity position, holding approximately $51.9 million in cash and cash equivalents and approximately $6.0 million in digital assets, totaling $57.9 million. The company maintains no debt.

Operationally, the firm maintained a stable fleet of 3,085 Scrypt ASIC miners across four US colocation facilities. The aggregate deployed hashrate stood at approximately 43.2 TH/s with 12.5 MW of deployed power capacity. There were no material additions or removals to the fleet during the quarter.

Adjusted EBITDA loss improved sequentially to approximately $1.3 million from $1.7 million in the first quarter of 2026, marking a 22% improvement.