Datacentrex, Inc.

What they do

Datacentrex operates Scrypt ASIC hardware that contributes hashrate to the Litecoin blockchain and, through merged mining, to Dogecoin and other auxiliary Scrypt chains without incremental energy consumption. The company deploys its miners through third-party colocation facilities in the United States and sells hashrate primarily through marketplace mechanisms settled in Bitcoin, while also holding unsold Dogecoin and Litecoin from pool-based mining. It is not a protocol developer and does not control any blockchain network. The business was assembled through the July 2025 acquisition of digital mining assets from US Data & Energy, LLC by Dogehash Technologies, Inc., followed by Dogehash's December 15, 2025 reverse recapitalization into Datacentrex.

Revenue drivers

• Scrypt hashrate marketplace monetization — The primary revenue source: owned ASIC hardware produces PoW hashrate sold through hashrate marketplace channels, with settlement typically denominated in Bitcoin. This drove the step-up from pre-merger nominal revenue to $7.0 million in 2025.
• Pool-based Dogecoin and Litecoin mining — Merged mining of the same Scrypt hashrate yields protocol-native coin production across multiple networks; Dogecoin represented the largest share of protocol-native coin production in the first half of 2026, with unsold coins held in treasury.
• Digital asset treasury — The company holds Bitcoin, Dogecoin and Litecoin; as of June 30, 2026 it held over $5.9 million in digital assets, which management intends to preserve as capital and deploy opportunistically.

Recent performance

Revenue was $7.0 million for 2025, up from $741 in 2024, reflecting the mining business acquired through the Doge transaction. Quarterly revenue was $4.9 million in the fourth quarter of 2025, $2.2 million in the first quarter of 2026, and $1.9 million in the second quarter of 2026, a sequential decline. Net loss was $8.5 million for 2025 with diluted EPS of -$0.46, and operating cash flow was -$6.4 million for the year. As of June 30, 2026 the company reported total assets of $74.9 million, shareholders' equity of $74.5 million, and cash and equivalents of $51.9 million. As of June 30, 2026 the operating fleet was 3,085 Scrypt ASIC miners across four U.S. colocation facilities.

Strategy

Management describes a deliberate through-the-cycle approach: preserve liquidity, protect the balance sheet, and build the asset base while the sector consolidates. The company has secured colocation capacity for more than 500 additional ElphaPex DG2 Scrypt ASIC miners that were prepaid in full in 2025, and expects them energized within roughly 30 days, adding approximately 9.0 TH/s, or about 21%, to reach approximately 52 TH/s. Management expects treasury concentration to favor Bitcoin over time, consistent with marketplace settlement in Bitcoin. Datacentrex also states it evaluates strategic transactions and selective investments in digital-asset infrastructure, data-center operations and quantum-computing-adjacent technologies.

Risks

• Limited operating history — The company states it is an early-stage company with a short operating history in cryptocurrency mining, has not maintained consistent profitability, and may be unable to execute its business plan or raise sufficient funds.
• Digital asset price and network difficulty — Revenue depends on Scrypt asset prices and on mining difficulty, which rises with total network hashrate and reduces expected rewards per unit of hashrate deployed.
• Power cost and curtailment — Electricity is a primary input cost, and power rates, capacity charges and curtailment at third-party colocation facilities directly affect gross margin at any given revenue rate.
• Hardware availability and replacement cycle — Results depend on Scrypt ASIC supply and replacement-cycle dynamics, including a fleet that includes a meaningful portion of older-generation hardware.

Outlook

Management points to a prepaid fleet expansion of more than 500 ElphaPex DG2 miners expected to be delivered and energized within about 30 days, which it says requires no incremental hardware capital and raises aggregate deployed hashrate by roughly 21%. It frames this as adding hashrate during sector consolidation, following a roughly 32% rise in Dogecoin over the seven-day period ended August 21, 2026. The company gives no specific revenue or earnings guidance; it continues to cite digital asset prices, power costs, fleet uptime and network difficulty as the inputs driving results.