H100 Group Sees Flat Sales Amidst Bitcoin-Driven Losses
H100 Group, a company that operates in various sectors, reported its interim results for H1 2026. During this period, net sales remained flat, while operating losses increased due to significant non-cash Bitcoin impairments.
The impairment losses were directly related to the company's large holdings of Bitcoin, which stood at 3,506.4 BTC after the post-period acquisition of NSD AS and Moonshot AS. This move resulted in a major share issue and change of control within the company.
The acquisition and the subsequent increase in Bitcoin holdings had a substantial impact on the company's financials, leading to a reevaluation of its assets and liabilities.