Crypto Flow (08198) released its 6-month performance results, ending on June 30, 2024, during this period the group generated income...
Intelligent Finance News APP: Crypto Flow (08198) released its 6-month performance results, ending on June 30, 2024. During this period, the group generated income of 30.258 million Hong Kong dollars, an increase of 146% compared to the same period last year. The company's shareholders incurred a loss of 2.898 million Hong Kong dollars, a decrease of 67.32% compared to the same period last year. The basic loss per share was 0.53 Hong Kong cents.
The announcement stated that the group operates a big datacenter, providing customers with comprehensive services including location, hardware support, power supply, monitoring, and management. The maximum processing capacity of the datacenter in Hong Kong, China (Hong Kong Datacenter), is approximately 1,400 kilowatts. It started operation in November 2021 and generated revenue of approximately 3.6 million Hong Kong dollars during the reporting period. The datacenter in the USA covers an area of 5 acres and has a maximum processing capacity of approximately 11 megawatts. It started operation in December 2023 and generated revenue of approximately 26 million Hong Kong dollars during the reporting period. The datacenter services generated revenue of approximately 29.6 million Hong Kong dollars during the reporting period, an increase of approximately 18.8 million Hong Kong dollars compared to the same period in 2023, mainly due to the contribution of the new datacenter in the USA during the reporting period.