H100 Group Posts $10.3M Quarterly Loss Amid Bitcoin Price Decline

H100 Group reported a pre-tax loss of $10.3 million for the second quarter due to Bitcoin's price decline.

The Swedish-listed company attributed nearly all of its Q2 loss to a non-cash write-down tied to Bitcoin's price drop, which reduced reported earnings without affecting cash flow.

H100 Group holds 3,506 BTC after acquiring two Norwegian Bitcoin treasury firms in August. This acquisition brought the company's total holdings to roughly $226 million, making it Europe's second-largest listed Bitcoin treasury company by holdings.