olivLaw · US equity research
Datacentrex, Inc. DTCX
Services-Computer Processing & Data Preparation · SIC 7374 · Vertical: Services-Computer Processing & Data Preparation (SIC 7374)
Datacentrex, Inc. (formerly Thumzup Media Corporation) operates its own fleet of Scrypt miners that contribute hashrate to the Litecoin network and, through merged mining, to Dogecoin, monetized mainly through a hashrate marketplace. The company started mining in 2025 and by mid-2026 runs a fleet of 3,085 miners across four U.S. colocation sites, while announcing an expansion of more than 500 already-paid units.
At the close of 04 Nov 2026, Datacentrex, Inc. (DTCX) stock was 0.99 USD (−11.43% on the day), with market capitalisation 39.8 m USD, beta 0.72, 52-week range 0.99–5.00 USD. Latest reported quarter (Q2 2026): revenue of 1.9 m USD (−0.8% YoY), net income of -5.5 m USD, diluted EPS -0.14 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 24.2
- oversold (≤ 30)
- Bollinger (20, 2)
- 0.90 – 1.74
- in the lower half of the band · %B 0.11 · band width 63.7%
- SMA 50 / 200
- 1.75 / 2.09
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.20 / -0.19
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −46.1% | −1.1% | −45.0 pp | — |
| 3 months | −49.4% | −0.5% | −48.9 pp | — |
| 6 months | −57.6% | +4.4% | −62.0 pp | — |
| Year to date | −63.9% | +12.3% | −76.2 pp | — |
| 1 year | −74.7% | +13.5% | −88.3 pp | −24.8% |
| 3 years | −82.7% | +76.4% | −159.2 pp | −26.9% |
| 5 years | unavailable | +63.7% | unavailable | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 150 | 156 | 159.6 k | 1.9 m | 385 | 7.0 m ≈ | 2.2 m | 1.9 m |
| Cost of revenue | — | — | 76.0 k | 998.1 k | — | — | 1.7 m | 1.7 m |
| Gross profit | — | — | 83.7 k | 930.5 k | — | — | 512.9 k | 205.3 k |
| Research & development | 49.9 k | 108.0 k | 75.5 k | 117.2 k | -1.4 k | — | — | — |
| SG&A | — | — | 1.4 k | 1.4 k | — | — | 2.2 k | 1.1 k |
| Operating income | -442.7 k | -2.6 m | -307.7 k | -1.4 m | -10.6 m | 6.1 m ≈ | -5.0 m | -4.8 m |
| Depreciation & amortisation | 27.3 k | 30.8 k | 189.5 k | 2.2 m | 49.0 k | 7.4 m ≈ | 3.3 m | 3.3 m |
| Interest expense | -859 | 72.6 k | — | — | 2.8 k | — | — | — |
| Pre-tax income | -441.8 k | -2.7 m | -308.6 k | -1.5 m | -10.5 m | 5.3 m ≈ | -6.2 m | -5.5 m |
| Net income | -441.8 k | -2.7 m | -308.6 k | -1.5 m | -10.5 m | 3.8 m | -6.2 m | -5.5 m |
| Diluted EPS | -0.06 | -0.31 ≈ | -0.22 | -0.12 | -0.77 | 0.09 ≈ | -0.20 | -0.14 |
| Operating cash flow | -377.9 k ≈ | -2.4 m | -1.3 m | -1.1 m ≈ | -2.6 m ≈ | -1.5 m ≈ | -3.2 m | -1.8 m ≈ |
| Capex | — | 9.9 k | 17.3 m | 133.6 k ≈ | -17.4 m ≈ | 25.9 m ≈ | — | — |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | unavailable | 2.4 k | 2.4 k | 2.0 k | 741 | 7.0 m |
| Revenue YoY | unavailable | unavailable | −1.0% | −15.4% | −63.8% | +939,640.5% |
| Net income | -5.7 k | -857.3 k | -1.5 m | -3.3 m | -4.0 m | -8.5 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | -0.16 | -0.24 | -0.47 | -0.50 | -0.46 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | unavailable | -35,047.2% | -62,151.2% | -162,313.5% | -539,798.2% | -122.1% |
| Free cash flow | unavailable | -819.7 k | unavailable | -2.3 m | -3.5 m | -32.4 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 38.9 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 66.2 m USD
- Total assets
- 66.8 m USD
- Debt / equity
- unavailable
- Current ratio
- 73.69x
- ROE
- -23.9%
- ROA
- -23.6%
- FCF margin
- -465.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | — | 2.4 k | 2.4 k | 2.0 k | 741 | 7.0 m | SEC (XBRL)· 13 Apr 2026verified |
| Cost of revenue | — | — | — | — | — | 3.6 m | SEC (XBRL)· 13 Apr 2026verified |
| Gross profit | — | — | — | — | — | 3.4 m | SEC (XBRL)· 13 Apr 2026verified |
| Research & development | 2.7 k | 716.5 k | 567.4 k | 513.1 k | 244.9 k | — | SEC (XBRL)· 11 Mar 2025verified |
| SG&A | — | — | — | — | — | 2.8 k | SEC (XBRL)· 13 Apr 2026verified |
| Operating income | — | -839.8 k | -1.2 m | -2.5 m | -3.9 m | -7.9 m | SEC (XBRL)· 13 Apr 2026verified |
| Depreciation & amortisation | — | 1.7 k | 2.2 k | 29.4 k | 98.3 k | 7.5 m | SEC (XBRL)· 13 Apr 2026verified |
| EBITDA | — | -838.0 k ≈ | -1.2 m ≈ | -2.5 m ≈ | -3.8 m ≈ | -415.0 k ≈ | SEC (XBRL)· 13 Apr 2026derived |
| Interest expense | — | 17.5 k | 25.9 k | 73.5 k | 70.4 k | — | SEC (XBRL)· 11 Mar 2025verified |
| Pre-tax income | -5.7 k | -857.3 k | -1.5 m | -3.3 m | -4.0 m | -8.5 m | SEC (XBRL)· 13 Apr 2026verified |
| Net income | -5.7 k | -857.3 k | -1.5 m | -3.3 m | -4.0 m | -8.5 m | SEC (XBRL)· 13 Apr 2026verified |
| Diluted EPS | — | -0.16 | -0.24 | -0.47 | -0.50 | -0.46 | SEC (XBRL)· 13 Apr 2026verified |
| Weighted average diluted shares | — | 5.4 m | 6.2 m | 7.1 m | 8.0 m | 18.3 m | SEC (XBRL)· 13 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 101.3 k | 424.4 k | 1.2 m | 259.2 k | 4.7 m | 38.9 m | SEC (XBRL)· 13 Apr 2026verified |
| Current assets | 211.3 k | 424.4 k | 1.2 m | 265.5 k | 4.8 m | 43.8 m | SEC (XBRL)· 13 Apr 2026verified |
| Property, plant & equipment, net | — | 4.7 k | 2.6 k | 7.0 k | 14.7 k | 18.5 m | SEC (XBRL)· 13 Apr 2026verified |
| Total assets | 211.3 k | 429.2 k | 1.2 m | 415.2 k | 5.1 m | 66.8 m | SEC (XBRL)· 13 Apr 2026verified |
| Accounts payable | — | 34.3 k | 91.4 k | 65.9 k | 233.3 k | 594.7 k | SEC (XBRL)· 13 Apr 2026verified |
| Current liabilities | 217.0 k | 249.3 k | 374.3 k | 65.9 k | 335.2 k | 594.7 k | SEC (XBRL)· 13 Apr 2026verified |
| Total liabilities | 217.0 k | 249.3 k | 374.3 k | 65.9 k | 335.2 k | — | SEC (XBRL)· 11 Mar 2025verified |
| Equity | -5.7 k † | 179.8 k † | 786.5 k † | 349.3 k † | 4.8 m † | 66.2 m † | SEC (XBRL)· 13 Apr 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -13.7 k | -813.2 k | -1.1 m | -2.3 m | -3.5 m | -6.4 m | SEC (XBRL)· 13 Apr 2026verified |
| Capex | — | 6.4 k | — | 8.0 k | 11.1 k | 25.9 m | SEC (XBRL)· 13 Apr 2026verified |
| Free cash flow | — | -819.7 k ≈ | — | -2.3 m ≈ | -3.5 m ≈ | -32.4 m ≈ | SEC (XBRL)· 13 Apr 2026derived |
| Investing cash flow | — | -6.4 k | — | -176.5 k | -212.0 k | -24.9 m | SEC (XBRL)· 13 Apr 2026verified |
| Financing cash flow | 215.0 k | 1.0 m | 1.8 m | 1.6 m | 8.1 m | 70.2 m | SEC (XBRL)· 13 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 39.8 m USD
Key indicators
Coverage and freshness
Score by group
72% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 28.1% | 0 (on a fixed band) | 15% |
| EBIT margin · Quality | -129.7% | 11 (vs peers) | 12% |
| FCF margin · Quality | -316.9% | 0 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | 1,322.1% | 100 (on a fixed band) | 24% |
| Revenue growth (YoY) · Growth | 939,640.5% | 100 (vs peers) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 183.6x | 100 (on a fixed band) | 9% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -88.0% | 0 (on a fixed band) | 18% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth100/100 · 2/2 factors with a value
- Quality3/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partial0/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Datacentrex, Inc. (DTCX). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 7.0 m USD in 2025; YoY growth 939,640.5%; net margin -165.4%; ROE -36.2%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 1,322.1%
- Revenue growth (YoY): 939,640.5%
- Current ratio: 183.6x
What contradicts it
- Gross margin: 28.1%
- EBIT margin: -129.7%
- FCF margin: -316.9%
- FCF yield: -88.0%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).
Versus the vertical median
Services-Computer Processing & Data Preparation (SIC 7374) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ADPAutomatic Data Processing, Inc. | 119.8 bn | 27.7 | 77.0% | 20.1% | +6.7% | +19% / +32% |
| WDAYWorkday, Inc. | 44.4 bn | 40.9 | 16.0% | 12.3% | +13.1% | −6% / −25% |
| VRSKVerisk Analytics, Inc. | 25.9 bn | 30.1 | — | 29.3% | +6.6% | −12% / −18% |
| FIRYFiry Inc. | 4.3 bn | — | -63.0% | -60.2% | +12.5% | +107% / +94% |
| FAFirst Advantage Corp | 3.9 bn | 160.5 | 1.9% | 1.5% | +83.0% | +62% / +45% |
| FIVNFive9, Inc. | 2.7 bn | 52.7 | 7.9% | 4.9% | +10.3% | +86% / −52% |
| RAMPLiveRamp Holdings, Inc. | 2.3 bn | 15.8 | 16.2% | 18.7% | +9.0% | +41% / +39% |
| INFQInfleqtion, Inc. | 1.9 bn | — | -70.8% | — | unavailable | unavailable / unavailable |
| INODInnodata Inc | 1.5 bn | 32.8 | 37.7% | 14.7% | +47.6% | −25% / +541% |
| CLVTClarivate PLC | 1.4 bn | — | -8.2% | -15.1% | −4.0% | −44% / −73% |
| UPWKUpwork Inc. | 1.3 bn | 12.9 | 16.3% | 13.5% | +2.4% | −48% / −27% |
| LZLegalZoom.com, Inc. | 1.1 bn | 56.0 | 12.1% | 2.6% | +10.9% | −26% / −40% |
| PLTKPlaytika Holding Corp. | 808.6 m | — | — | -9.9% | +8.1% | −48% / −76% |
| NRDSNerdWallet, Inc. | 754.4 m | 13.3 | 18.2% | 7.6% | +21.7% | −21% / +1% |
| NXTTNext Technology Holding Inc. | 736.5 m | — | -59.4% | -2,356.0% | +545.3% | −99% / −100% |
| CARSCars.com Inc. | 682.5 m | 22.4 | 7.4% | 4.7% | +0.6% | +10% / −32% |
| IBEXIBEX Limited | 593.6 m | 14.3 | 30.4% | 7.2% | +15.4% | +27% / +152% |
| OOMAOoma, Inc. | 524.7 m | 49.8 | 11.7% | 3.6% | +6.5% | +69% / +64% |
| GRVYGravity Co., Ltd. | 475.7 m | 0.0 | 16.5% | 17.0% | −31.0% | +19% / −6% |
| EGHT8x8, Inc. | 326.4 m | 55.5 | 3.5% | 0.6% | +2.9% | +16% / −27% |
| TCXTucows Inc | 140.3 m | — | — | -21.2% | +7.7% | −42% / −41% |
| TRAKRepositrak, Inc. | 132.7 m | 18.7 | 14.9% | 32.5% | +3.0% | −46% / −29% |
| BIRDSmartbird, Inc. | 92.1 m | — | -164.0% | -72.8% | −19.7% | −68% / −91% |
| VERIVeritone, Inc. | 56.7 m | — | -517.7% | -117.5% | −0.5% | −87% / −73% |
| GMHSGamehaus Holdings Inc. | 51.4 m | 8.5 | 11.8% | 4.1% | −11.3% | −35% / −93% |
1- and 3-year price returns: for DTCX from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Datacentrex, Inc. (formerly Thumzup Media Corporation) operates its own fleet of Scrypt miners that contribute hashrate to the Litecoin network and, through merged mining, to Dogecoin, monetized mainly through a hashrate marketplace. The company started mining in 2025 and by mid-2026 runs a fleet of 3,085 miners across four U.S. colocation sites, while announcing an expansion of more than 500 already-paid units.
SWOT
Strengths
- An owned Scrypt mining fleet, largely already paid for, with capacity to expand without new hardware investment 13.
- Geographic diversification of hosting across several U.S. power grids, which reduces dependence on any single site 1.
- A treasury of digital assets and cash that supports liquidity and the ability to fund growth 2.
Weaknesses
Opportunities
Risks
- Digital asset price volatilityhigh
Revenue depends on the price of mined coins and Bitcoin, and adverse moves can reduce margins and liquidity 1.
- Dependence on third-party hostinghigh
Outages, host failures or difficulty relocating equipment could reduce availability and revenue 1.
- Cost and availability of powermedium
Power prices, curtailment rules and delivery failures can directly affect profitability 1.
- Limited operating historymedium
The company is early in mining and has reported net losses, which makes long-term performance hard to assess 1.
- Cybersecurity and custodymedium
Cyberattacks and custody risks for digital assets could create unexpected losses 1.
Investment thesis
What would need to be true (bull case)
- If the Dogecoin recovery holds and the fleet expansion is completed without extra hardware cost, revenue could rise meaningfully on the same power base 3.
- Diversification across four colocation sites and three power grids could limit the impact of any single local disruption 1.
- The treasury of digital assets and cash gives room to keep investing through a weak market 23.
What would break the thesis
- Mining is a recent activity and the company reported significant net losses in its first year, which could persist if prices stay volatile 1.
- The company itself describes the recent coin price rise as quickly reversible, and if it reverses, revenue could fall sharply 3.
- Reliance on third parties for power and hosting could limit cost and availability control, especially during grid constraints 1.
What to watch
- Energization of the more than 500 ElphaPex DG2 miners and the reported new hashrateQ3 2026
- Revenue and gross margin for the quarter ending September 30 2026Q3 2026
- Development of the digital asset treasury and the Bitcoin share within itnext 10-Q
- Status of colocation contracts and any change of hosting providernext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Datacentrex is a digital infrastructure and capital deployment company that owns and operates Scrypt-based proof-of-work compute assets 1. It is not a protocol developer and does not control any blockchain; its results depend on procuring and operating compute economically and monetizing it. The merger with Dogehash Technologies, completed on December 15, 2025, brought the fleet and mining activity into the listed company, which was renamed Datacentrex 1.
Revenue comes from selling hashrate through marketplaces, with settlement typically in Bitcoin, and the company has no long-term bilateral contracts with buyers 1. Main costs are power, third-party hosting and depreciation of capitalized equipment, which is amortized over a two-year useful life 1. The treasury of digital assets and cash is managed to preserve capital, and the company has said it expects Bitcoin concentration to rise over time 2.
In August 2026 the company announced secured colocation space for more than 500 ElphaPex DG2 miners, prepaid in 2025, which it expects to increase deployed hashrate by about 21 percent 3. If the expansion is completed, fleet efficiency and gross margin could be affected by power cost, uptime, network difficulty and coin prices 3.
Segments
Scrypt mining sold through hashrate marketplace
The core segment sells hashrate from the owned Scrypt fleet, with settlement typically in Bitcoin 1. In fiscal 2025 revenue of $6.963477 million came mostly from Dogecoin rewards, which were the largest share of protocol-native coin production 1.
Colocation and power infrastructure
Equipment is hosted by third parties in the United States, with power drawn from the ERCOT, MISO and Georgia Power grids, which diversifies grid risk without eliminating it 1. Deployed power capacity is about 12.5 MW, and expansion depends on hosting capacity and power availability 3.
Market context
Scrypt mining is a market distinct from Bitcoin, with scarcer hardware and slower innovation cycles, which can extend the economic life of miners 1. Demand for hashrate comes from miners, infrastructure operators and arbitrage firms, and network difficulty rises as participants join 1. Dogecoin rose about 32 percent in the week to late August 2026, but the company notes past performance does not indicate future results 3.
The colocation and energy market for data centers is competitive, with constrained power capacity and long equipment lead times 1. If demand for energy-intensive compute keeps outpacing supply, the cost and availability of hosting space could become limiting factors for growth 1.
Trends
- Dogecoin price recoverytailwind
Dogecoin rose about 32 percent over seven days, which the company says improved Scrypt mining economics 3. If the recovery holds, revenue could grow at the same hashrate, but the company's history shows reversals can be rapid 3.
- Consolidation in the mining sectormixed
The company says the sector has been consolidating, which could create chances to add capacity without new hardware spending 3. At the same time, pricing and margin pressure could persist if more well-capitalized competitors enter the market 1.
- Power and hosting costsheadwind
Electricity is the main cost, and contract prices and penalties can affect profitability, especially if hosts fail to deliver power as agreed 1. If power rates rise or curtailment increases, margins could come under pressure.
- Efficiency of newer hardware generationsmixed
The ElphaPex DG2 units are described as among the highest-throughput air-cooled Scrypt miners, which could improve average fleet efficiency 3. However, older hardware that makes up a significant part of the fleet may need replacement as competition evolves 1.
Competitive position
The company competes with cloud services providers, digital infrastructure developers and large-scale miners, especially for access to powered land and specialized hardware 1. It describes the Scrypt mining market as one where competitors have greater capital resources and more experienced management 1.
Its stated advantages are equipment already paid for, a geographically diversified fleet and a cost structure tied to contracted power, while disadvantages include reliance on third parties to operate and a short operating history 13. The company notes it has relatively limited control over power, which constrains margins without upstream integration 1.
- Large-scale Scrypt miners
Companies with larger capital bases and fleets competing for hardware and Scrypt rewards 1.
- Cloud services and HPC providers
Compete for access to powered land and pre-powered colocation capacity 1.
- Digital infrastructure developers
Compete for power capacity and colocation space 1.
- Colocation and hosting operators
Suppliers of space and power the company depends on, which can also compete for capacity 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Proxy statement15 Oct 2026
- Current report14 Oct 2026Other events · Financial statements and exhibits
- Current report31 Aug 2026Material agreement · Other events · Financial statements and exhibits
- Current report (amendment)24 Aug 2026Other events · Financial statements and exhibits
- Current report24 Aug 2026Results of operations · Financial statements and exhibits
- Current report12 Aug 2026Results of operations · Financial statements and exhibits
- Quarterly report12 Aug 2026
- Current report14 May 2026Results of operations · Financial statements and exhibits
- Quarterly report14 May 2026
- Current report13 Apr 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Datacentrex, Inc. · 13 Apr 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Datacentrex, Inc. · 12 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Datacentrex, Inc. · 24 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.