incremental billable customer power capacity at our Denton, Texas and Marble, North Carolina data centers
10-Q Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Unless (normalized-text offset 139367) · Original source ↗
Cost of revenue Three Months Ended March 31, 2026 2025 $ Change Cost of revenue: Cost of colocation services $33,618 $8,106 $25,512 Cost of digital asset self-mining 47,189 61,170 (13,981) Cost of digital asset hosted mining services 4,331 2,036 2,295 Total cost of revenue $85,138 $71,312 $13,826 Cost of revenue includes the costs to operate our colocation, digital asset self‑mining, and digital asset hosted mining businesses, including power fees, depreciation, personnel and facility-related costs. 41 Colocation cost of revenue The year over year increase in cost of colocation services was driven primarily by incremental billable capacity at our Denton, Texas and Marble, North Carolina data centers during the three months ended March 31, 2026.
Colocation revenue is generated by leasing data center space and providing related services to licensees at our Austin and Denton, Texas, and Marble, North Carolina high-density data centers.