CBI Reports €21.7M Net Loss Amid Shift to Bitcoin Mining

Crypto Blockchain Industries (CBI) reported its annual results for March 31, 2026, showing a net loss of €21.7 million. This decline is largely due to asset write-downs worth €17.6 million related to the suspension of CREATE development activities.

The company's revenue decreased by 31% to €3,594K from €5,214K in the previous fiscal year, following its decision to prioritize bitcoin mining and artificial intelligence servers over other projects. As a result, CBI suspended the development of its AlphaVerse and Unity assets, leading to a significant write-down.

The company is now focused on achieving operational break-even and expanding its IT infrastructure with servers dedicated to artificial intelligence. However, it assumes that the bitcoin price will remain above $65,000, which is the minimum required for mining profitability, according to CBI's data from July 24, 2026.

CBI emphasized that it remains financed exclusively through equity and advances in current accounts from Ker Ventures, with no recorded debt. The company has already reduced its workforce within the CREATE activity and plans to minimize development and marketing expenses, effective October 1, 2026.