Key Highlights

  • Third-quarter Revenue at Datacentrex was USD 1,736,681, down about 29% from USD 2,449,482 a year earlier, while cost of revenue rose to USD 1,657,145 from USD 998,496, leaving Gross Profit of only USD 79,536.
  • The net loss widened to USD 2,608,602 for the three months ended September 30, 2026, from USD 1,530,912 a year earlier, as Depreciation on Mining equipment reached USD 3,275,361 in the quarter.
  • Nine-month revenue rose to USD 5,829,668 from USD 4,537,694, but the nine-month net loss grew to USD 14,228,666 from USD 3,368,737, with stock-based compensation adding USD 2,675,700 this year.
  • Cash and cash equivalents were USD 27,547,026 on September 30, 2026, against stockholders' Equity of USD 72,593,983, while the company used USD 7,516,521 of cash in Operating Activities over nine months.

Revenue Slides as Mining Costs Climb

Datacentrex (NASDAQ:DTCX) filed its Quarterly Report on Form 10-Q on November 10, 2026, covering the three months ended September 30, 2026. Revenue was USD 1,736,681, a decline of USD 712,801 or about 29% from the same quarter of 2025. Cost of revenue, which covers utilities and hosting fees but excludes depreciation, rose by USD 658,649 to USD 1,657,145, and the filing attributes that increase to a larger deployed fleet. Gross profit therefore shrank from USD 1,450,986 to USD 79,536. The company owns Scrypt-based proof-of-work mining machines, and as of September 30, 2026 it operated 3,085 of them across four colocation sites in the United States. The fleet was unchanged during the quarter.

Depreciation and Digital Asset Gains Shape the Loss

Depreciation and amortization was USD 3,275,361, up USD 1,098,238, because mining machines are written off over a two-year useful life. Stock-based compensation of USD 668,776 was new this year. The loss from operations widened to USD 4,800,382 from USD 1,657,876. Other income of USD 2,191,780, including a USD 2,202,885 net gain on digital Assets and USD 302,995 of net interest income, offset part of it. Management reported adjusted EBITDA of about USD 1.3 million, a non-GAAP measure that adds back depreciation and Stock Compensation and, per the filing, reflects those treasury gains.

Nine-Month Revenue Growth Meets a Larger Loss and a Fixed-Cost Model

For the nine months, revenue grew USD 1,291,974 to USD 5,829,668, which management tied to more deployed units and a 2026 shift to a hashrate marketplace model, where settlement is typically received in Bitcoin. Nine-month operating expenses climbed to USD 15,411,917 from USD 5,855,843, and the net loss reached USD 14,228,666. Electricity prices are fixed by contract at the current hosting sites, which gives cost certainty but no relief if mining rewards fall. The filing says scale alone does not improve margins under a pure hosting model, and that real Margin gains would need ownership of power or related infrastructure, which it says may not be pursued.

Where Things Stand

Costs grew while revenue shrank. Datacentrex (NASDAQ:DTCX) reported a 29% revenue decline and a net loss of USD 2.6 million, driven mainly by USD 3.3 million of depreciation and gross profit was only USD 79,536. A USD 2.2 million digital asset gain cushioned the bottom line, but it can reverse. The cash balance of USD 27.5 million gives room, and the filing gives no guidance or consensus comparison. Watch revenue per unit of hashrate, uptime and any move to own power.