A question to carry forward
What has changed between the latest report and the previous one? Comparing the same measures over time is more useful than treating one announcement as a complete picture.
Separate operating activity from asset prices
For mining-related operations, production, electricity costs, equipment efficiency and network competition matter. Changes in the value of digital assets can affect reported results in a different way from operating cash flow.
Follow the funding
Expansion requires capital. Debt, new shares and changes in the asset base can affect what belongs to each existing shareholder. Revenue growth alone cannot answer that question.
What would make the picture clearer?
A comparison of current and previous filings: production, costs, cash flow, liabilities and share count. This page is a reading framework, not a current valuation or buy/sell rating.