Net loss for the first quarter of 2026 was $216.3 million, an improvement from the $295.4 million loss in the same period of 2025. Total revenues were $10.04 billion, down from $12.98 billion in Q1 2025, primarily due to lower digital asset trading volumes. Adjusted EBITDA was $(187.5) million compared to $(289.5) million in Q1 2025. The company is aggressively expanding its Helios data center campus, with ERCOT approving over 1.6 GW of total power capacity. Cash and stablecoin holdings totaled $2.6 billion as of March 31, 2026.