Exhibit
99.1
Datacentrex
Reports Third Quarter 2026 Results and $30 Million Investment in Eagle LNG
Eagle
LNG’s established customer base and space propulsion capabilities create additional growth opportunities heading into 2027
| ● | Reports
positive third-quarter Adjusted EBITDA of $1.3 million, compared with a $1.3 million Adjusted
EBITDA loss in Q2 |
| ● | $30
million investment adds exposure to an operating LNG supplier serving marine, utility and
space propulsion customers |
| ● | Long-term
supply contracts and integrated LNG infrastructure provide foundation for potential growth
in energy and space propulsion |
| ● | Began
energizing prepaid mining fleet expansion after quarter-end, targeting an approximately 21%
increase in online Scrypt hashrate upon full deployment |
| ● | Cash
and digital assets totaled approximately $29.3 million as of September 30, 2026; no debt |
SALT
LAKE CITY, November 10, 2026 — Datacentrex, Inc. (“Datacentrex” or the “Company”) (Nasdaq: DTCX), a diversified
technology-driven enterprise operating a digital asset mining business and investing in energy and space-launch infrastructure, today
reported financial results for the third quarter ended September 30, 2026.
“Third-quarter
Adjusted EBITDA was positive at approximately $1.3 million, including $2.2 million of net realized and unrealized gains on digital assets,”
said Parker Scott, Chief Executive Officer of Datacentrex. “We also maintained substantial liquidity following our $30 million
investment in Eagle LNG, ending September with approximately $29.3 million in cash and digital assets, including $27.5 million in cash,
and no outstanding debt. We believe this financial position gives us flexibility to support our mining operations and pursue opportunities
we believe can create long-term stockholder value.”
“Our
third quarter also included a significant investment in the long-term development of Datacentrex,” said Parker Scott, Chief Executive
Officer of Datacentrex. “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. As we approach 2027, we believe Eagle’s marine
and Caribbean energy business provides a foundation for growth, while its ability to supply aerospace-specification liquid methane creates
additional opportunity as the next generation of commercial launch vehicles enters service and scales.”
Eagle
LNG Investment Strategic Rationale and 2027 Overview
Datacentrex
believes its investment in Eagle LNG complements its digital asset operations by adding exposure to established energy infrastructure
with growth opportunities in marine fuel, Caribbean power generation and space propulsion.
Key
investment considerations include:
| ● | Established
operations and customers. Eagle has produced more than 300 million gallons of LNG since
2018 and completed more than 750 marine bunkering operations without incident. Supply agreements
include terms of 10 years or longer and take-or-pay provisions, with certain customers renewing
early and increasing contracted volumes. |
| ● | Integrated
infrastructure. Eagle’s liquefaction, storage and delivery capabilities support
customers requiring reliable fuel supply and specialized logistics, helping it retain customers
and compete for additional business. |
| ● | Capacity
expansion opportunities. Existing production constraints limit Eagle’s ability
to meet additional marine and Caribbean demand. Added capacity, including its permitted Jacksonville
export facility in development, could support growth, subject to financing and execution. |
| ● | Space
propulsion demand. Eagle is a qualified supplier of aerospace-specification liquid methane
for next-generation commercial launch vehicles. Its growth opportunity depends on customer
programs, vehicle readiness and launch activity. |
“Heading
into 2027, we see opportunities for Eagle to expand its established marine and Caribbean business while building its space propulsion
business,” Scott said. “Both draw on the same production and delivery capabilities. We believe serving additional demand
can strengthen Eagle’s earning power and increase the long-term value of our investment.”
Third
Quarter 2026 Financial Highlights
Unaudited
| ● | 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. The decrease reflected
lower revenue and higher direct production costs for the larger deployed fleet. |
| ● | Total
operating expenses were approximately $4.9 million, compared with approximately $3.1 million
in the prior-year period. Third-quarter 2026 operating expenses included approximately $3.3
million of depreciation and amortization, $669,000 of stock-based compensation and $936,000
of general and administrative expenses. |
| ● | GAAP
net loss was approximately $2.6 million, or $(0.06) per basic and diluted share, compared
with a net loss of approximately $1.5 million in the third quarter of 2025. Results included
approximately $2.2 million of net realized and unrealized gains on digital assets, $314,000
of losses from changes in the fair value of derivatives and $303,000 of net interest income. |
| ● | Adjusted
EBITDA was approximately $1.3 million, compared with approximately $770,000 in the third
quarter of 2025 and an Adjusted EBITDA loss of approximately $1.3 million in the second quarter
of 2026. Third-quarter 2026 Adjusted EBITDA included approximately $2.2 million of net realized
and unrealized digital asset gains. |
| ● | Net
Cash Burn was approximately $867,000, compared with net cash generation of approximately
$411,000 in the prior-year period and Net Cash Burn of approximately $61,000 in the second
quarter of 2026. See the non-GAAP explanations and reconciliations below. |
| ● | Ended
September with approximately $27.5 million in cash and cash equivalents and $1.7 million
in digital assets, for a combined total of approximately $29.3 million, and no outstanding
debt. Stockholders’ equity was approximately $72.6 million. |
| ● | The
investment in ELNG Equity LLC was carried at $30.0 million under the ASC 321 measurement
alternative. No impairment or observable price adjustment was recognized during the quarter.
Eagle LNG’s operating results are not consolidated into Datacentrex’s results. |
Third
Quarter 2026 Operating and Recent Highlights
| ● | On
August 28, completed the purchase of $30 million of Class A Common Units in ELNG Equity LLC,
Eagle LNG’s equity holding company, representing a 10.5% equity interest. An affiliate
of The Energy & Minerals Group invested an additional $10 million at the same value per
unit. |
| ● | In
August, secured colocation capacity for more than 500 additional ElphaPex DG2 Scrypt ASIC
miners that had been prepaid in a prior period. |
| ● | At
September 30, operated 3,085 Scrypt ASIC miners across four U.S. colocation facilities, with
approximately 43.2 TH/s of aggregate nameplate hashrate at full uptime and approximately
12.2 MW of deployed power capacity. |
| ● | On
October 14, announced that installation and energization of the additional miners had begun.
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. |
About
Datacentrex
Datacentrex,
Inc. is a diversified technology-driven enterprise operating a digital asset mining business across high-growth sectors including digital-asset
infrastructure, data-center operations, and energy and space-launch infrastructure. Datacentrex, Inc. intends to pursue selective investments,
partnerships, and acquisitions to drive innovation and value creation. For additional information, please refer to the Company’s
filings with the U.S. Securities and Exchange Commission, which are available at www.sec.gov.
Visit
Datacentrex’s investor relations website at https://ir.datacentrex.com/.
Non-GAAP
Financial Measures
This
press release includes Adjusted EBITDA and Net Cash Burn, each of which is a non-GAAP financial measure. The Company defines Adjusted
EBITDA as net income (loss), adjusted for impacts of interest expense, income tax provision or benefit and depreciation and amortization,
and non-cash stock-based compensation. The Company defines Net Cash Burn as net income (loss), adjusted for depreciation and amortization,
non-cash stock-based compensation, income tax provision or benefit, and net realized and unrealized gains and losses on digital assets.
Unlike Adjusted EBITDA, Net Cash Burn is not adjusted for interest, because management uses Net Cash Burn to assess the periodic cost
of sustaining the business after the benefit of interest earned on the Company’s cash balances; that net interest amount is shown
as a memorandum line in the reconciliation tables below and should not be added to Net Cash Burn a second time. Both gains and losses
on digital assets are excluded from Net Cash Burn symmetrically, and the definitions are applied consistently across the periods presented.
Because the Company’s mining revenue is settled in digital assets rather than in cash, Net Cash Burn reflects the combined change
in cash and digital assets attributable to operations; it is not a measure of liquidity and is not a substitute for net cash used in
operating activities, which was $7,516,521 for the nine months ended September 30, 2026. Adjusted EBITDA and Net Cash Burn are not measures
calculated in accordance with U.S. GAAP and should not be considered in isolation or as substitutes for net income (loss) or any other
measure prepared in accordance with U.S. GAAP. Reconciliations of Adjusted EBITDA and Net Cash Burn to net loss, the most directly comparable
U.S. GAAP measure, for the three and nine month periods presented are provided in the financial tables included in this press release
as net income (loss), adjusted for impacts of interest expense, income tax provision or benefit and depreciation and amortization, and
non-cash stock-based compensation.
Forward-Looking
Statements
This
press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements
regarding the expected delivery, installation, energization and timing of additional mining equipment; expected increases in deployed
hashrate, power capacity and fleet efficiency; the expected absence of incremental capital expenditure associated with such equipment;
the Company’s expectations regarding digital asset prices, mining economics and industry conditions; and Datacentrex’s future
financial condition, results of operations, business operations and business prospects, are forward-looking statements. These statements
are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,”
“expect,” “may,” “continue,” “predict,” “potential,” “project”
and similar expressions that are intended to identify forward-looking statements. All forward-looking statements are subject to important
factors, risks, uncertainties, and assumptions, including industry and economic conditions that could cause actual results to differ
materially from those described in the forward-looking statements. Such factors, risks, uncertainties and assumptions include, but are
not limited to, delays or failures in the delivery, installation or energization of mining equipment; the possibility that deployed equipment
does not perform at manufacturer-rated hashrate or efficiency; changes in colocation availability, power rates or contracted power capacity;
volatility in the prices of Dogecoin, Litecoin, Bitcoin and other digital assets, which may not be sustained and which have historically
been subject to rapid reversal; increases in Scrypt network difficulty; Datacentrex’s ability to successfully achieve its strategic
initiatives, including its expectation that it will be able to secure additional miners; competition in Datacentrex’s markets;
risks associated with Datacentrex’s investment strategy, including digital asset market volatility, cybersecurity and custody of
digital assets, potential changes in laws or accounting standards relating to digital assets and regulatory developments affecting digital
assets; and volatility of Datacentrex’s stock price. Forward-looking statements also are affected by the risk factors described
in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including in the Company’s
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. Investors and security holders are urged
to read these documents free of charge on the SEC’s website at: http://www.sec.gov. The risks and uncertainties that Datacentrex
has described are not the only ones Datacentrex faces. Additional risks and uncertainties not presently known to Datacentrex or that
Datacentrex currently deems immaterial may also affect Datacentrex’s operations. All forward-looking statements speak only as of
the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes
that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, it
can give no assurances that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve
significant risks and uncertainties (some of which are beyond Datacentrex’s control) and assumptions that could cause actual results
to differ materially from historical experience. Actual results may differ materially from those in the forward-looking statements and
the trading price for Datacentrex’s common stock may fluctuate significantly. Except as required by law, Datacentrex undertakes
no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise,
after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Company
Contact
Datacentrex
Investor Relations
ir@datacentrex.com
800-403-6150
DATACENTREX,
INC.
CONDENSED
CONSOLIDATED BALANCE SHEETS
| | |
September 30, 2026 (Unaudited) | | |
December 31, 2025 | |
| | |
| | |
| |
| ASSETS | |
| | | |
| | |
| Current assets: | |
| | | |
| | |
| Cash and cash equivalents | |
$ | 27,547,026 | | |
$ | 38,919,486 | |
| Digital assets, at fair value | |
| 1,736,796 | | |
| 4,430,202 | |
| Other receivable | |
| 10,643 | | |
| - | |
| Prepaid expenses | |
| 454,205 | | |
| 468,817 | |
| Total current assets | |
| 29,748,670 | | |
| 43,818,505 | |
| | |
| | | |
| | |
| Equipment, net | |
| 8,774,925 | | |
| 18,537,452 | |
| Capitalized software costs, net | |
| 116,683 | | |
| 264,193 | |
| Investment in ELNG Equity LLC | |
| 30,000,000 | | |
| - | |
| Deposits for equipment | |
| 3,600,100 | | |
| 3,600,100 | |
| Other assets | |
| 621,660 | | |
| 621,660 | |
| Total assets | |
$ | 72,862,038 | | |
$ | 66,841,910 | |
| | |
| | | |
| | |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |
| | | |
| | |
| | |
| | | |
| | |
| Current liabilities: | |
| | | |
| | |
| Accounts payable and accrued expenses | |
$ | 268,055 | | |
$ | 594,658 | |
| Total current liabilities | |
| 268,055 | | |
| 594,658 | |
| | |
| | | |
| | |
| Commitments and Contingencies (Note 7) | |
| | | |
| | |
| | |
| | | |
| | |
| Stockholders’ equity: | |
| | | |
| | |
| | |
| | | |
| | |
| Preferred stock - Series A, $0.001 par value, $45.00 stated value, 1,000,000 shares authorized; 166,884 and 158,420 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively | |
| 166 | | |
| 158 | |
| Preferred stock - Series D, $0.001 par value, $4.34 stated value, 1,000,000 shares authorized; 9,443 and 16,240 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively | |
| 9 | | |
| 16 | |
| | |
| | | |
| | |
| Common stock, $0.001 par value, 250,000,000 shares authorized; 47,139,643 and 30,375,530 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively | |
| 47,139 | | |
| 30,375 | |
| Treasury stock, at cost – 59,191 shares | |
| (274,231 | ) | |
| (274,231 | ) |
| Additional paid in capital | |
| 95,552,451 | | |
| 74,993,819 | |
| Accumulated deficit | |
| (22,731,551 | ) | |
| (8,502,885 | ) |
| Total stockholders’ equity | |
| 72,593,983 | | |
| 66,247,252 | |
| | |
| | | |
| | |
| Total liabilities and stockholders’ equity | |
$ | 72,862,038 | | |
$ | 66,841,910 | |
DATACENTREX,
INC.
CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
| | |
Three Months Ended
September 30, | | |
Nine Months Ended
September 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Revenues | |
$ | 1,736,681 | | |
$ | 2,449,482 | | |
$ | 5,829,668 | | |
$ | 4,537,694 | |
| | |
| | | |
| | | |
| | | |
| | |
| Cost of revenue | |
| 1,657,145 | | |
| 998,496 | | |
| 5,031,997 | | |
| 2,072,528 | |
| | |
| | | |
| | | |
| | | |
| | |
| Gross profit | |
| 79,536 | | |
| 1,450,986 | | |
| 797,671 | | |
| 2,465,166 | |
| | |
| | | |
| | | |
| | | |
| | |
| Operating Expenses: | |
| | | |
| | | |
| | | |
| | |
| General and administrative expenses | |
| 935,781 | | |
| 931,739 | | |
| 2,886,271 | | |
| 1,326,709 | |
| Depreciation and amortization | |
| 3,275,361 | | |
| 2,177,123 | | |
| 9,849,946 | | |
| 4,529,134 | |
| Stock based compensation | |
| 668,776 | | |
| - | | |
| 2,675,700 | | |
| - | |
| Total Operating Expenses | |
| 4,879,918 | | |
| 3,108,862 | | |
| 15,411,917 | | |
| 5,855,843 | |
| | |
| | | |
| | | |
| | | |
| | |
| Loss From Operations | |
| (4,800,382 | ) | |
| (1,657,876 | ) | |
| (14,614,246 | ) | |
| (3,390,677 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Other Income (Expense): | |
| | | |
| | | |
| | | |
| | |
| Net realized and unrealized gains (losses), digital assets | |
| 2,202,885 | | |
| 234,971 | | |
| (278,713 | ) | |
| 306,453 | |
| Net change in fair value of derivative | |
| (314,100 | ) | |
| - | | |
| (314,100 | ) | |
| - | |
| Other income | |
| - | | |
| 10,605 | | |
| 6,467 | | |
| 10,605 | |
| Interest income (expense), net | |
| 302,995 | | |
| (118,612 | ) | |
| 971,926 | | |
| (295,118 | ) |
| Total Other Income (Expense) | |
| 2,191,780 | | |
| 126,964 | | |
| 385,580 | | |
| 21,940 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net Loss Before Income Taxes | |
| (2,608,602 | ) | |
| (1,530,912 | ) | |
| (14,228,666 | ) | |
| (3,368,737 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Provision for Income Taxes (Benefit) | |
| - | | |
| - | | |
| - | | |
| - | |
| | |
| | | |
| | | |
| | | |
| | |
| Net Loss | |
$ | (2,608,602 | ) | |
$ | (1,530,912 | ) | |
$ | (14,228,666 | ) | |
$ | (3,368,737 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net Loss Per Common Share: | |
| | | |
| | | |
| | | |
| | |
| Basic | |
$ | (0.06 | ) | |
$ | - | | |
$ | (0.36 | ) | |
$ | - | |
| Diluted | |
$ | (0.06 | ) | |
$ | - | | |
$ | (0.36 | ) | |
| - | |
| | |
| | | |
| | | |
| | | |
| | |
| Weighted Average Common Shares Outstanding: | |
| | | |
| | | |
| | | |
| | |
| Basic | |
| 47,369,338 | | |
| - | | |
| 39,944,562 | | |
| - | |
| Diluted | |
| 47,369,338 | | |
| - | | |
| 39,944,562 | | |
| - | |
Reconciliation
of Net Loss to Adjusted EBITDA and Net Cash Burn (Unaudited)
Reconciliations
of Adjusted EBITDA and Net Cash Burn to the most comparable U.S. GAAP financial metric for the three months ended September 30, 2026
and September 30, 2025 are presented in the table below:
| | |
For the Three Months Ended | |
| | |
September 30, 2026 | | |
September 30, 2025 | |
| Net Loss | |
$ | (2,608,602 | ) | |
$ | (1,530,912 | ) |
| | |
| | | |
| | |
| Depreciation | |
| 3,275,361 | | |
| 2,177,123 | |
| | |
| | | |
| | |
| Stock based compensation | |
| 668,776 | | |
| - | |
| | |
| | | |
| | |
| Interest expense | |
| - | | |
| 123,737 | |
| | |
| | | |
| | |
| Adjusted EBITDA | |
$ | 1,335,535 | | |
$ | 769,948 | |
| Less: interest expense added back above | |
| - | | |
| (123,737 | ) |
| Net realized and unrealized (gains) losses on digital assets | |
| (2,202,885 | ) | |
| (234,971 | ) |
| Net Cash Burn (non-GAAP) | |
$ | (867,350 | ) | |
$ | 411,240 | |
| Memo: interest income (expense), net, included above | |
| 302,995 | | |
| (118,612 | ) |
Reconciliations
of Adjusted EBITDA and Net Cash Burn to the most comparable U.S. GAAP financial metric for the nine months ended September 30, 2026 and
September 30, 2025 are presented in the table below:
| | |
For the Nine Months Ended | |
| | |
September 30, 2026 | | |
September 30, 2025 | |
| Net Loss | |
$ | (14,228,666 | ) | |
$ | (3,368,737 | ) |
| | |
| | | |
| | |
| Depreciation | |
| 9,849,946 | | |
| 4,529,134 | |
| | |
| | | |
| | |
| Stock based compensation | |
| 2,675,700 | | |
| - | |
| | |
| | | |
| | |
| Interest expense | |
| 220,050 | | |
| 300,249 | |
| | |
| | | |
| | |
| Adjusted EBITDA | |
$ | (1,482,970 | ) | |
$ | 1,460,646 | |
| Less: interest expense added back above | |
| (220,050 | ) | |
| (300,249 | ) |
| Net realized and unrealized (gains) losses on digital assets | |
| 278,713 | | |
| (306,453 | ) |
| Net Cash Burn (non-GAAP) | |
$ | (1,424,307 | ) | |
$ | 853,944 | |
| Memo: interest income (expense), net, included above | |
| 971,926 | | |
| (295,118 | ) |
Adjusted
EBITDA for the third quarter of 2026 includes $2,202,885 of net realized and unrealized gains on digital assets, which are reflected
in the GAAP net loss and are not deducted under the Company’s Adjusted EBITDA definition. Net Cash Burn excludes those amounts.
Net Cash Burn is not adjusted for interest and therefore includes net interest income of $302,995 for the three months ended September
30, 2026 and $971,926 for the nine months ended September 30, 2026, which is shown as a memorandum line above. Net Cash Burn of $60,748
for the three months ended June 30, 2026 was presented in the Company’s press release for the second quarter of 2026.
