Bitcoin Well Reports 2026 Q2 Financial Results

Edmonton, Alberta – TheNewswire - August 13, 2026 – Bitcoin Well Inc. (“Bitcoin Well” or the “Company”) (TSXV: BTCW; OTCQB: BCNWF), the non-custodial bitcoin business on a mission to enable independence, today announced financial and operating results for the second quarter ended June 30, 2026.

Key highlights

• Revenue of $18.5 million for the 3-months ended June 30, 2026 (Q2 2025: $32.1 million, -43%) and $53.4 million for the 6-months ended June 30, 2026 (2025: $63.9 million, -16%). 

• Over 77,000 unique users in the Bitcoin Portal as of June 30 2026 (+8% from March 31, 2026 and +58% from June 30, 2025). 

• Gross profit of $1.0 million for the 3-months ended June 30, 2026 (Q2 2025: $1.4 million, -24%) and $2.0 million for the 6-months ended June 30, 2026 (2025: $2.4 million, -16%).  

  • Gross margin increased to 5.6% in Q2 2026 from 4.2% in Q2 2025 due to changes in sales mix and improved margins within both the Online Bitcoin Portal and Bitcoin Well Infinite business lines. 

  • Year-to date gross margin held steady at 3.8% in 2026, compared to 3.8% in 2025. 

• Adjusted EBITDA of negative $0.5 million for the 3-months ended June 30, 2026 (Q2 2025: negative $0.1 million) and  negative $1.1 million for the 6-months ended June 30, 2026 (2025: negative $0.5 million). 

• Net loss of $38 thousand for the 3-months ended June 30, 2026 (Q2 2025 : net loss of $4.2 million) and net income of $2.3 million for the 6-months ended June 30, 2026 (2025: net loss of $0.9 million). The large net income year-to-date in 2026 and net loss improvement in Q2 2026 were primarily due to non-cash fair value adjustments related to cryptocurrency loans. 

• As at August 12, 2026, Bitcoin Well continued to hold a net investment of approximately 69 bitcoin in its Bitcoin Treasury.