SALT LAKE CITY, May 14, 2026 (GLOBE NEWSWIRE) -- Datacentrex, Inc. ("Datacentrex" or the "Company") (NASDAQ:DTCX), a diversified technology-driven enterprise operating a digital asset mining business, today reported financial results for the first quarter ended March 31, 2026.
"Datacentrex's Q1 2026 results reflect strong year-over-year growth, with mining operations generating $2.2 million of revenue compared to $160,000 from inception in Q1 2025," said Parker Scott, Chief Executive Officer of Datacentrex. "Importantly, we generated $513,000 in gross profit, representing a 23.5% gross margin, despite a difficult mining environment in Q1 2026. While our reported net loss reflects several significant non-cash items, including depreciation, stock-based compensation, and mark-to-market losses on digital asset holdings, these items do not reflect the underlying cash performance of the business. Excluding the impact of digital asset valuation movements, we believe our operating results demonstrate meaningful progress toward greater efficiency as we continue to scale our mining infrastructure.
"We entered 2026 with a well-capitalized balance sheet, no debt, and a fleet of 3,094 Scrypt ASIC miners that has continued to contribute gross profit on our operating business. We believe the combination of our operating infrastructure, treasury position, and continued focus on cost discipline provides flexibility for Datacentrex to invest and pursue growth opportunities, and we remain focused on expanding our compute capacity and evaluating strategic investments across the digital infrastructure landscape to drive long-term value for our stockholders," added Scott.
First Quarter 2026 Financial Highlights (unaudited)
Revenue increased to $2.2 million, compared with $160,000 in the first quarter of 2025, reflecting the Company's expanded deployment of Scrypt ASIC miners and transition into a scaled digital asset mining platform.
Gross profit increased to $513,000, at a 23.5% gross margin, compared with $84,000, at 52.5% gross margin in the prior-year period. The unit economics and gross margins of the Company's mining operations continued to demonstrate positive mining performance in Q1 2026 despite digital asset price volatility.
Total operating expenses were $5.5 million, compared with $391,000 in the prior-year period, primarily reflecting a $3.3 million non-cash depreciation and amortization expense related to the Company's mining equipment base, $1.2 million of stock-based compensation, and higher general and administrative expenses associated with operating as a scaled public digital infrastructure company.
Reported a GAAP net loss of $6.2 million, which included $3.3 million of depreciation and amortization expense, $1.2 million of stock-based compensation, and $1.2 million of net realized and unrealized losses on digital assets driven by Scrypt and Bitcoin asset price movements during the quarter.
Reported an Adjusted EBITDA loss of approximately $1.7 million, reflecting $3.3 million of depreciation and amortization and $1.2 million of stock-based compensation added back to a GAAP net loss of $6.2 million. Adjusted EBITDA for the quarter includes $1.2 million of non-cash mark-to-market losses on digital assets; absent this non-cash valuation movement, the operational loss would have been approximately $0.5 million. See reconciliation table below.
Ended the quarter with $42.5 million in cash and cash equivalents, $5.3 million in digital assets, and $11.2 million in receivables from the Company's public market offering which closed on March 31, 2026, representing aggregate liquidity of more than $59 million.
First Quarter 2026 Operating Highlights
Mined Scrypt-based blockchain networks, including Litecoin and Dogecoin, through a merged-mining architecture, generating revenue across multiple networks without incremental energy consumption - while accumulating Bitcoin as the Company's long-term treasury reserve. As of March 31, 2026:
Operated 3,094 Scrypt ASIC miners across four geographically diversified U.S.-based colocation facilities.
Operated approximately 43.3 TH/s of aggregate deployed hashrate and approximately 12.5 MW of deployed power capacity.
About Datacentrex, Inc.
Datacentrex, Inc. is a diversified ...
