H100 Group, based in Sweden, recorded a pre-tax loss of 253 million Swedish kronor (approximately $26 million) for the first half of 2026. In the second quarter alone, the loss amounted to 98 million kronor (around $10.3 million). The company attributed nearly the entire quarterly loss to a non-cash revaluation of its Bitcoin holdings due to a decline in the cryptocurrency's value.
In August, H100 completed the acquisition of two Norwegian firms along with their reserves of digital gold. This acquisition increased H100's Bitcoin holdings to 3,506 BTC, valued at about $226 million, positioning the company as the second-largest public Bitcoin treasury in Europe.