H100 Q2 Pre-tax Loss ~$9.82M, Mainly Due to Bitcoin Impairment

The loss is a reminder that holding bitcoin on a corporate balance sheet ties reported earnings directly to price swings, even when the underlying business is unchanged. For H100, the impairment charge is an accounting event rather than a cash outflow, but it still shapes how the quarter reads to shareholders and counterparties. The open question is whether such write-downs remain a recurring feature of its results or a one-off tied to the period's volatility.