Key Highlights

  • Revenue for the three months ended 30 June 2026 was $10.65 million, with a net loss of $26.46 million, or $0.48 per share.
  • Cash was $2.45 million at 30 June 2026, and management states that a material uncertainty exists about the company's ability to continue as a going concern.
  • A special-warrant financing raised gross proceeds of $24.77 million, and the JGB senior secured Loan was repaid in full on 6 August 2026.

A new Nasdaq listing

Bitzero Holdings Inc. (NASDAQ:AIBZ) moved its common shares to The Nasdaq stock market on 9 June 2026, having previously traded on the OTCQB Venture Market and on the Canadian Securities Exchange as BITZ. Its CSE ticker changed to AIBZ.U on the same date. The company said shareholders needed to take no action and that the CUSIP and ISIN were unchanged.

The listing was accompanied by board changes. Founder and chief executive Mohammed Bakhashwain became chair after Gilles Seguin stepped down, and Guido Contesso and Selena Barrera joined as independent directors. Bitzero describes itself as a provider of sustainable blockchain and high-performance compute data centre infrastructure, with four locations in North America and Scandinavia powered by low-carbon energy.

Latest reported results

The most recent financial statements are unaudited interim accounts for the three and nine months ended 30 June 2026, authorised for issue by the board on 13 August 2026. Revenue for the quarter was $10.65 million, and for the nine months it was $23.47 million.

The company recorded a gross loss of $1.76 million in the quarter, against a nine-month gross loss of $0.53 million. The net loss was $26.46 million for the quarter, or $0.48 per share, and $39.42 million for the nine months, or $0.76 per share.

The third quarter was therefore larger in revenue but weaker in gross margin. The filing's own commentary sets out the drivers.

Why the loss was larger than the gross loss

The gap between the gross loss and the net loss is explained largely by non-cash items. These include a $13.3 million loss on derivative financial instruments and $4.9 million of share-based expenses. Because the derivative loss reflects how financial instruments are revalued rather than cash leaving the business, it can reverse in later periods, although the filing does not forecast that.

The statements show a thin cash position. Cash and cash equivalents were $2.45 million at 30 June 2026, against total Assets of $51.3 million, total liabilities of $44.7 million and shareholders' Equity of $6.6 million. Accumulated losses stood at $121.0 million.

The going-concern note and later financing

Management states that a material uncertainty exists that may cast significant doubt on the company's ability to continue as a going concern. That language is a disclosure requirement, not a prediction of failure, but it signals that continued funding is important to the Business plan.

The filing describes two subsequent events. A special-warrant financing raised gross proceeds of $24.77 million. On 6 August 2026 the company repaid its JGB senior secured loan in full, comprising $22.375 million of principal and about $45,700 of accrued interest. Repaying the loan removes a secured obligation, though the terms of the new Capital raised and its dilution are set out in the filing.

What to watch

The fiscal year-end results, which will follow the 30 September 2026 year end, will provide audited figures and show any change to the going-concern wording. Other points include how the special-warrant proceeds are deployed, whether gross Margin turns positive on a sustained basis, and how the move from Bitcoin hosting towards high-performance compute develops. The company's regulatory filings on SEC EDGAR and the Canadian SEDAR+ system remain the primary reference.