The profits related to cryptocurrency mainly rely on three major paths: Bitcoin mining revenue: In Q2 2025, 312 bitcoins were mined, generating revenue of 34.94 million dollars based on an average price of 112,000 dollars per bitcoin. By signing forward contracts with Coinbase to lock in the selling price, the risk of price fluctuations was mitigated, with a locking ratio of 65% in Q2 2025. Energy cost advantage: Utilizing the direct supply advantage of natural gas pipelines in New York State, the power generation cost is 41% lower than that of Texas mines. In Q2 2025, the marginal cost of mining is $89,000 per coin, which is 14% lower than the industry average, driving the gross profit margin to 20.3%. Carbon Credit Hedging: By purchasing carbon offset allowances (such as procuring 150,000 tons of carbon credits in Q2 2025), the carbon emission intensity is reduced to 350 kg CO₂/MWh, which is 58% lower than the average level of the U.S. power grid. This initiative enables the company to comply with the EU Sustainable Finance Disclosure Regulation (SFDR) requirements, attracting ESG fund investments, with the institutional shareholding ratio increasing to 38% in Q2 2025.

Energy Efficiency Benchmark: Its "Natural Gas Power Generation + Mining" model has been listed by the U.S. Department of Energy as a case of fossil energy transition, with three Canadian mining companies announcing plans to follow suit in Q3 2025. Through real-time power scheduling algorithms, energy utilization efficiency is expected to increase from 68% in 2024 to 81% in 2025. Compliance Mining Demonstration: As the first mining company in New York State to obtain a BitLicense, its operational data has been incorporated into the blockchain energy monitoring system of the New York State Energy Research and Development Authority (NYSERDA). The error rate of the computing power data disclosed to regulators in Q2 2025 was only 1.2%, setting a benchmark for transparency in the industry. Carbon Neutrality Practice: Despite using natural gas, its carbon offset mechanism enables it to achieve net-zero emissions by Q2 2025, promoting an improvement in the ESG ratings of the Bitcoin mining industry. A Morgan Stanley report shows that this model has increased the social acceptance of Bitcoin mining in North America by 19%.

Bitcoin ( BTC ): Hashrate contribution: A hashrate of 3.8 EH/s increases the Bitcoin network by approximately 3.8 hash calculations per second. In Q2 2025, due to the increase in hashrate, the overall mining difficulty rose by 4% month-on-month, indirectly extending the block generation time (from 9.8 minutes to 10.2 minutes). Price Transmission: The computing power data disclosed by the company weekly is included in the "Mining Company Activity Index" by CoinGecko. After the computing power growth information was released in July 2025, the open interest in Bitcoin futures increased by 11%, reflecting the market's expectation of a tightening short-term supply. Other cryptocurrencies: The business focus is completely on Bitcoin, with no involvement in other cryptocurrencies such as Ethereum (ETH), Litecoin (LTC), etc.