CBI Prioritizes Bitcoin Mining, Depreciates CREATE Assets

Crypto Blockchain Industries (CBI) released its annual results as of March 31, 2026, reflecting a strategic decision to prioritize Bitcoin mining and depreciate assets tied to the CREATE activity. This choice was announced in March 2026, with objectives including achieving operational break-even and acquiring AI servers.

The financial statements for the year ended March 31, 2026, were impacted by the accounting impairment of CREATE assets, amounting to €(17,608) thousand. The Company has confirmed its decision to prioritize Bitcoin mining (ACQUIRE/EARN), which is expected to improve its cash position and does not result in any dilution of the shareholding.

The Group's main activity is now focused on acquiring and mining Bitcoins with the objectives of achieving operational balance and expanding the server park. Overhead costs have been reduced to a minimum since April 1, 2026, mainly covering external costs. The remuneration of Frédéric Chesnais and rents are linked to CBI's performance.

The Company is financed entirely by equity and current account advances from Ker Ventures, with the exception of a $1 million debt collateralized entirely by Bitcoins. CBI has reviewed its liquidity risk based on forecasts covering a period of 12 months, assuming that the price of Bitcoin remains above $65,000. On this basis, the Company considers it capable of meeting its obligations and continuing its activity.