NetBrands Corp. reported a significant shift in its financial performance and strategic direction in its latest 10-K filing. For the fiscal year ending December 31, 2025, the company generated revenues of $18,265, marking a 100% increase from zero revenues in the previous year. However, the company also reported a net loss of $1,695,935, or $0.02 per share, compared to a loss of $1,285,306, or $0.06 per share, in 2024. The increase in losses was attributed to higher interest expenses and losses on extinguished debt, which totaled $1,122,378 for the year.
In a notable strategic pivot, NetBrands transitioned from its previous operations to focus on blockchain infrastructure, specifically cryptocurrency mining and digital asset treasury management. This shift was formalized on July 15, 2025, when the company announced its new business model. Following this, it established a wholly-owned subsidiary, DigiHash LLC, and acquired 10 ASIC miners to initiate its mining operations. By July 30, 2025, all miners were operational, achieving a processing power of 2.5 petahash per second.
Operationally, the company is planning to develop a dedicated 5-megawatt Bitcoin mining facility in Iowa, leveraging the state's low electricity costs. The facility is expected to support approximately 1,200 mining machines, significantly increasing the company's mining capacity. As of the filing date, NetBrands had also expanded its mining fleet with an additional 10 ASIC miners, bringing its total to 20 units. The company is currently evaluating potential sites for the new facility and assessing financial feasibility before proceeding with construction.
Despite these developments, NetBrands faces challenges, including a working capital deficit and significant accumulated losses, raising concerns about its ability to continue as a going concern. The company reported cash reserves of only $4,297 as of December 31, 2025, compared to zero the previous year. To address its financial needs, NetBrands has entered into various financing agreements, including a $10 million equity purchase agreement with Trillium Partners, which allows the company to sell shares over a 24-month period.
Looking ahead, NetBrands aims to establish a layered digital asset treasury, targeting Bitcoin, Ethereum, and AAVE as long-term reserve assets. The company plans to utilize proceeds from its mining operations and financing activities to build its digital asset balance sheet. However, the volatility of Bitcoin prices and the competitive landscape of the cryptocurrency mining industry pose ongoing risks to its financial stability and growth prospects.
About NetBrands Corp.
NetBrands Corp. is a diversified holdings company focused on developing and marketing snack foods and gourmet products through brand ownership, distribution, and e-commerce. It owns multiple trademarks and sells products via retail, vending, and online channels globally. The company seeks acquisitions to expand its product portfolio and digital assets, leveraging consumer trends toward health, convenience, and gourmet snacks in competitive markets.
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