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Sol Strategies Q2 net loss widens to CAD 89.88 million from year-ago loss
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Sol Strategies Q2 net loss widens to CAD 89.88 million from year-ago loss
  • Sol Strategies posted a net loss of CAD 101.73 million for the six months ended March 31, 2026, swinging from a loss of CAD 1.6 million a year earlier.
  • Revenue fell 13.87% to CAD 3.25 million, as staking rewards rose to CAD 2.4 million from CAD 1.66 million while validation service income dropped to CAD 849,710 from CAD 2.11 million.
  • Total assets slid to CAD 85.86 million from CAD 169.6 million at Sept. 30, 2025, with cryptocurrencies down to CAD 60.66 million from CAD 126.53 million.
  • Cash and cash equivalents declined to CAD 367,528 from CAD 1.79 million, while total liabilities eased to CAD 45.11 million from CAD 54.82 million.
  • Subsequent to quarter-end, the company completed the Darklake acquisition for about USD 1.2 million and agreed to acquire HoudiniSwap for about USD 18 million including a two-year earn-out of up to USD 10 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sol Strategies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-062847), on May 18, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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