Fourth Wave Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 15, 2022 at 02:04 am IST
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Fourth Wave Energy, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 0.001805 million compared to USD 0.605945 million a year ago. Net loss was USD 1.18 million compared to USD 2.66 million a year ago. Basic loss per share from continuing operations was USD 0.01.
For the nine months, sales was USD 0.438042 million compared to USD 1.15 million a year ago. Net loss was USD 28.63 million compared to USD 3.07 million a year ago. Basic loss per share from continuing operations was USD 0.08.
Edgemode, Inc. is a crypto mining and high-performance computing (HPC) company. The Company is principally focused on the cryptocurrency business, with an initial focus on bitcoin mining. It has partnerships with third-party hosting firms, Bitcoin mining facilities for the sole purpose of mining Bitcoin. The Company is engaged in United States-based data center operations. It is also focused on improving hash rate and cryptocurrency production, as well as introducing new HPC services aligned with technological innovation.