Fourth Wave Energy, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 22, 2021 at 12:55 pm EST
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Fourth Wave Energy, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net loss was USD 0.396965 million compared to USD 0.625947 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.02 a year ago.
For the nine months, net loss was USD 2.16 million compared to USD 4.38 million a year ago. Basic loss per share from continuing operations was USD 0.05 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.05 compared to USD 0.13 a year ago.
Edgemode, Inc. is a crypto mining and high-performance computing (HPC) company. The Company is principally focused on the cryptocurrency business, with an initial focus on bitcoin mining. It has partnerships with third-party hosting firms, Bitcoin mining facilities for the sole purpose of mining Bitcoin. The Company is engaged in United States-based data center operations. It is also focused on improving hash rate and cryptocurrency production, as well as introducing new HPC services aligned with technological innovation.