H100 Group reported a loss of $10.3 million in the second quarter, affected by Bitcoin prices
2026-08-19 22:40:12
According to CoinMeta, the Swedish-listed H100 group reported a pre-tax loss of 98 million Swedish kronor (about 10.3 million US dollars) in the second quarter of 2026 due to the decline in Bitcoin prices. H100 stated in its mid-year report on Wednesday that the pre-tax loss for the first six months of 2026 reached 253 million Swedish kronor, while operating revenue remained virtually unchanged compared to the same period last year. The health technology and Bitcoin-focused company reported operating revenue of 3 million Swedish kronor in the second quarter, which was on par with the same period in 2025. H100 attributed almost all of the loss in the second quarter to non-cash impairments related to the drop in Bitcoin prices. The company said that despite the losses, it continues to increase its Bitcoin holdings through corporate transactions.
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Source:Cryptonews
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