Sweden’s H100 reports $26M H1 loss driven by falling Bitcoin value

cointelegraphPublished on 2026-08-19Last updated on 2026-08-19

Abstract

Sweden-listed H100 Group, a health-tech and Bitcoin treasury company, reported significant losses for the first half of 2026. It posted a pre-tax H1 loss of 253 million Swedish kronor ($26 million), with a Q2 loss of 98 million kronor. The company attributed nearly all of the Q2 loss to a non-cash write-down driven by the decline in Bitcoin's value. Despite the losses, operating income for H1 saw a slight year-on-year increase. In August, H100 became Europe's second-largest Bitcoin treasury firm by holdings, following the acquisition of two Norwegian companies, bringing its total to 3,506 BTC. The company's share price has fallen significantly year-to-date.

Sweden-listed health-tech and Bitcoin treasury company H100 Group reported a pre-tax loss of 98 million Swedish kronor ($10.3 million) for the second quarter and a loss of 253 million kronor for the first half of 2026.

H100 also reported 3 million kronor in operating income, flat with Q2 2025, and 6.1 million kronor for H1 2026, up from 5.8 million kronor for H1 2025, according to its interim report published on Wednesday.

Nearly all of the Q2 loss was a non-cash write-down attributed to Bitcoin’s (BTC) price decline during the period, the company said in a Wednesday X post.

H100 became Europe’s second-largest Bitcoin treasury company earlier in August, after acquiring two smaller Norwegian Bitcoin treasury firms along with their cryptocurrency holdings.

The deal brought H100’s Bitcoin holdings to 3,506 BTC, or about $226 million, making it Europe’s second-largest Bitcoin treasury company by holdings, behind Germany’s Bitcoin Group with 3,605 BTC, according to BitcoinTreasuries.

H100 Group’s share price fell 4.2% on Tuesday, extending its 24% year-to-date decline, according to StockAnalysis data.

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Related Questions

QWhat were the main reasons for H100 Group's significant pre-tax losses reported for Q2 and H1 2026?

AThe primary reason for H100 Group's significant pre-tax losses was a non-cash write-down attributed to the decline in Bitcoin's (BTC) price during the period.

QHow did H100 become Europe's second-largest Bitcoin treasury company, and what is its current BTC holding value?

AH100 became Europe's second-largest Bitcoin treasury company in August 2026 after acquiring two smaller Norwegian Bitcoin treasury firms. The deal increased its holdings to 3,506 BTC, valued at about $226 million at the time.

QWhat was the trend in H100 Group's operating income for the first half of 2026 compared to the same period in 2025?

AH100 Group's operating income for the first half of 2026 was 6.1 million Swedish kronor, which was a slight increase from 5.8 million kronor reported for the first half of 2025.

QWhat was the performance of H100 Group's share price leading up to the earnings report?

AAccording to StockAnalysis data, H100 Group's share price fell 4.2% on the Tuesday before the report, extending its year-to-date decline to 24%.

QWhich company is Europe's largest Bitcoin treasury company by holdings, and how much larger is its BTC reserve than H100's?

AGermany's Bitcoin Group is Europe's largest Bitcoin treasury company by holdings. It holds 3,605 BTC, which is 99 BTC more than H100's reported holdings of 3,506 BTC.

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