Lokotech Group (LOKO) H1 2026 earnings summary

Executive summary

• Transitioned from development-stage to commercial operations in ASIC hardware, mining pool services, and data center infrastructure in H1 2026.

• Achieved GDSII sign-off and tape-out for flagship ASIC, with wafer production underway.

• Powerpool Hosting AS launched full commercial operations in Norway, and Arctic Core AS broke ground on a new 2 MW data center.

• Entered a non-binding LOI for a joint venture to commercialize AI inferencing capabilities of ASICs.

• Management structure adjusted to support operational execution and new business opportunities.

Financial highlights

• Group revenue was NOK 3,818,366 in H1 2026, down from NOK 5,227,119 in H1 2025.

• Group net loss was NOK -14,250,314 for H1 2026, with operating result at NOK -14,175,556.

• Cash and cash equivalents at period end were NOK 31,429,379, with current assets totaling NOK 137,342,320.

• Equity ratio improved to 96.28% as of June 30, 2026.

• Powerpool Mining SL delivered net revenues of €322,138 in H1 2026, a 28% decrease year-over-year.

Outlook and guidance

• Market outlook remains volatile but positive, with regulatory clarity improving in the US and Europe.

• Plans to scale data center capacity, double mining pool hashrate, and expand PowerHosting to at least 3 MW.

• First commercial ASIC deliveries and broad SPDU launch expected in H2 2026.

• Ongoing exploration of AI inferencing commercialization and further technology refinements.