Datacentrex Reports $2.18 Million Revenue Growth and $6.15 Million Net Loss in Latest Quarter

Datacentrex, Inc. (formerly Thumzup Media Corp) reported significant financial developments in its latest quarterly filing for the period ending March 31, 2026. The company generated revenues of $2.18 million, a substantial increase from $159,625 in the same period last year, reflecting a growth trajectory attributed to the expansion of its digital asset mining operations. The cost of revenue also rose sharply to $1.67 million from $75,970, leading to a gross profit of $512,880 compared to $83,655 in the prior year. However, the company reported a net loss of $6.15 million, up from a loss of $308,595 in the previous year, primarily driven by increased operating expenses, including depreciation and stock-based compensation.

The company’s operational metrics indicate a stable fleet of 3,094 Scrypt ASIC miners deployed across four colocation facilities in the United States, with no significant changes in the number of units during the quarter. This stability in operations comes after a period of expansion in 2025, where the company transitioned to a hashrate marketplace monetization model, allowing it to receive settlements primarily in Bitcoin. As of March 31, 2026, Datacentrex held digital assets valued at approximately $5.37 million, a rise from $4.43 million at the end of 2025, despite experiencing a net unrealized and realized loss of $1.21 million on its digital assets during the quarter.

Strategically, Datacentrex completed a public offering on March 31, 2026, raising approximately $20.2 million before expenses by selling 4.51 million shares of common stock and pre-funded warrants. The proceeds from this offering are intended for working capital and general corporate purposes. Additionally, the company has made organizational changes, including the issuance of preferred stock dividends and adjustments to the conversion rates of its Series A Preferred Convertible Voting Stock, reflecting ongoing efforts to manage its capital structure effectively.

In terms of operational performance, the company reported an average nameplate capacity of approximately 14 GH/s per unit, translating to a total deployed hashrate of about 43.3 TH/s. The average power consumption per unit was approximately 3.95 kW, indicating a total deployed power capacity of around 12.5 MW across its facilities. The company’s operational challenges include rising power costs and competition for hosting capacity, particularly as demand for data center resources increases due to AI and high-performance computing workloads.

Looking ahead, Datacentrex remains focused on optimizing its operations and capital allocation strategies while navigating the volatile digital asset market. The company acknowledges the risks associated with market conditions, regulatory changes, and operational execution, which could impact its financial performance. Management is committed to leveraging its digital asset mining capabilities while exploring opportunities for growth and expansion in related sectors.