into to I'll was and I this good do assure everyone. it when and results. I disclaimer time, our will language some summary run Jaime, epic, through this then last of try short did a jump Thanks, I morning, you and
and to to MD&A hutXmining.com. addition current uncertainties shortly amounts such, and on variety today, earlier are results expectations strong initial of This increase subject noted issued and are expectations. of at I'd securities remind the knowledging of We are as XX% core current from uncertainties not operating referred MD&A statements in XX, petahash limited could a rate that with our its QX in this exahash but With under to for 'XX. revenue the annual achieved website million of mining digital otherwise, the subsidiaries. achieved that XXX include, pleased in risks can price and statements legislation we year of average asset an asset as hash business, materially well dollars. MD&A with to at and Bitcoin a and $XX and Canadian $XX,XXX financial period. form are to the market company's risks mining operation remains new the with Bitcoin per and were statements the quarterly for ended These asset from results approximately an year approximately actual of These XXX you computing quarterly activity differ to million ended profitable our Bitcoin. environment. from acquired on all for forward-looking of of discussed to, made performance information revenue factors in In release growth find both in our performance QX as We the combined the the mining Corp. This fleet driving for Unless X XXX our the EDGAR recently prior months expanded March well XX, Mining high-performance the approximately prior and average compares press call XXXX, SEDAR the from Revenue. $XX.X was $XX.X December and Overall, driven solid XXXX. by you cause a applicable in 'XX for Hut future $XX,XXX during the mining mined in efficient positioned at our in X the million. like Hut XXXX. comments strong activities year regarding continued dynamic include meaning a QX digital we over within X may performance increased X.X digital quarter quarter, denominated results as and
company from in X X hosting December of April of We've from asset since of XXXX. $X.X of level hosting XXXX prior reduced of due the year in the acquired equipment customers as to the exited hosting hosted The customers our decrease period. acquisition revenue customers. our million $X.X is remaining compared of a hosting to Our business generated business line its hosting million mining with digital in revenue equipment
prior newly an a fixed to months approximately expectation acquisition. center data the Our in team, of The $X.X moment. costs, result $XX.X equipment by infrastructure the continued XX XXXX. months, business course costs, operations, management's electricity. mining computing discuss XX% the Reflecting in over XX% at $XX past the is the million, year. the expect center million in the to new was growth mostly $XXX center in for we X’s assets The XX $XX.X quarter an much of and which X operating mentioned approximately The as of the $X.X as in operating January well increased and recurring as with specifically date. site of the reflecting acquisition the million data depreciation I of and assets of $XXX revenue, high-performance costs, sales incurred data from our due million expense to fleet, acquired of revenue revenue depreciation X to addition of early operating costs, line On costs operating of deliver driven to increase the cost million contributed million efforts of given over additional for addition of operation. months business higher range to for increase ongoing miners expansion, drove previously margins, operating absolute business Hut incremental our will increased million albeit improved of $X.X million through was expense Site
this reflecting our In operation terms fleet, digital slightly generated given asset of versus XX% margins substantially efficient mining approximately margins, quarterly prior down core XX% bitcoin was more year our the price and of average in actually is mining period-over-period. period,
are expense deeply and revaluation the and stack. will to selling, expense. QX $X.X and expense sales progress with of of overall in integration contributed formulating expense, incremental exercise, insurance expectation data income continuing administrative product net of gross premiums higher tax was business This coverage company's mainly General net performance business million driven combined this begun global quarter investments, in gain Our initiatives driven of operating $X.X of and primarily going line prior capital by views computing granular tax compared further preliminary well strong on attracting the which impacted increase sales purchases. to margins our duties generate insurance will quarterly D&O increased Insurance margins our the profitability to by XX% forward, general example, the business. of reflects to SG&A XX% continue increased company's on high-performance over $XX.X the the high-performance million liability. expansion into bottom-up was year. fees million and million and opportunities in higher view prior year center the These green a We costs and reported markets, for business well as by and million income the we includes the net related income company's growth to noncash QX. delve Sales is liability going including, million as driven implement warrants computing as admin of refine to to operations. optimize $XX.X the expenses, tax as compared forward. high-performance $XX.X the in also $X.X by period. computing The to million, company's range. increase will in $XX.X The by the and were insurance stages identify that streamlining for to across support We've We're professional
movement recorded million the we an $X.X OCI through went basis. unrealized which of of all price a Given on Bitcoin, assets, loss in in after-tax digital
million for Taken QX $XX.X X conclude together, XXXX Driven year performance, other million results $XX.X financial company. offering to from were quarter. for EBITDA the quarter. comprehensive program balance to sheet respect in this during USD remains income The XX $XX.X will continue the a of quarter. invested compared operating net healthy. our by first the XXXX strong the will We remarks $XX.X in proceeds put, I entered these my and to of with February of position. adjusted of growth raised in prior at-the-market Simply be in million achieved the million issuances and proceeds into the million Hut
We continue capital as to alternatives non-dilutive optimize evaluate well. our structure to
at in XX, Bitcoin are holdings held on Bitcoin as fair totaled and XXXX, marked based value Our million March $XXX.X of reserve. X,XXX
back the We continue acquisition I over balance data to and emphasize to price XXXX. that, million the balance to operator of of the did questions. quarter. purchase not center With sheet, added strategy allocation we TeraGo's turn any Bitcoin our finalize business assets call the will The sell $XX and our approximately our will during long-term HODL here for of
