Datacentrex Swings to $1.3 Million Adjusted EBITDA and Invests $30 Million in Eagle LNG

Datacentrex reported third-quarter 2026 Adjusted EBITDA of $1.3 million, compared with a $1.3 million Adjusted EBITDA loss in the second quarter, and disclosed a $30 million investment in Eagle LNG. The company announced the results in a GlobeNewswire release on November 10, 2026.

Datacentrex's $30 Million Eagle LNG Stake

Datacentrex, a company that operates a digital asset mining business and invests in energy and space-launch infrastructure, completed the purchase of $30 million of Class A Common Units in ELNG Equity LLC, Eagle LNG's equity holding company, on August 28. The purchase represents a 10.5% equity interest, and an affiliate of The Energy & Minerals Group invested an additional $10 million at the same value per unit.

Eagle LNG Partners has produced more than 300 million gallons of LNG since 2018 and completed more than 750 marine bunkering operations without incident, according to the release. Its supply agreements include terms of 10 years or longer and take-or-pay provisions, with certain customers renewing early and increasing contracted volumes. Eagle LNG has been producing LNG since 2017 and is under contract with a space propulsion customer, American City Business Journals reported on September 1, 2026.

"Our $30 million investment in Eagle LNG gives us an ownership position in an operating energy business with established infrastructure and customers under long-term supply agreements," said Parker Scott, Chief Executive Officer of Datacentrex.

Datacentrex's Third-Quarter Figures

According to akta.pro company records, Datacentrex reported first-quarter 2026 revenue of $2.2 million, up from $160,000 in the first quarter of 2025, and completed a $20.17 million discounted public offering in March 2026. The same records list a $31.68 million micro-cap company valuation.

Third-quarter revenue was approximately $1.7 million, compared with approximately $2.4 million in the third quarter of 2025, a decrease of approximately 29%. Gross profit was approximately $80,000, representing a gross margin of 4.6%, compared with approximately $1.5 million and a gross margin of 59.2% in the prior-year period. GAAP net loss was approximately $2.6 million, or $(0.06) per basic and diluted share.

Cash and digital assets totaled approximately $29.3 million as of September 30, 2026, including $27.5 million in cash, with no debt. The investment in ELNG Equity LLC was carried at $30.0 million under the ASC 321 measurement alternative, and Eagle LNG's operating results are not consolidated into Datacentrex's results.

Datacentrex's Mining Expansion Timeline

Datacentrex announced on August 24, 2026 that it had secured colocation capacity to deploy over 500 ElphaPex DG2 Scrypt ASIC miners, which were paid for in 2025 and would be energized within 30 days, Investing.com reported. The company reported a near-breakeven cash burn of $61,000 for the second quarter of 2026, an 88% improvement from the previous quarter, while revenue remained flat at $1.914 million and net losses widened to $5.468 million, AInvest reported on August 13, 2026.

Datacentrex reported a GAAP net loss of $5.5 million for the second quarter ended June 30, 2026, driven by higher power costs and digital asset market volatility that reduced gross margins to 10.7%, FinancialContent Business Page reported on August 12, 2026.

Datacentrex's Miner Energization Target

Datacentrex began energizing its prepaid mining fleet expansion after the quarter ended, targeting an approximately 21% increase in online Scrypt hashrate upon full deployment. Upon full energization, the expansion is expected to increase online hashrate from approximately 43.2 TH/s to 52.2 TH/s and deployed power capacity from approximately 12.2 MW to 14 MW, without additional hardware-acquisition expenditures.