Sweden-listed H100 Group reported a loss for the first half of 2026 as falling Bitcoin prices drove a large non-cash write-down in the second quarter. The health-tech company, which also operates as a Bitcoin treasury firm, said it posted a pre-tax loss of 98 million Swedish kronor in Q2 and a 253 million kronor loss for the first six months of the year. Operating income came in at 3 million kronor for the quarter, unchanged from the same period in 2025, while first-half operating income rose to 6.1 million kronor from 5.8 million kronor a year earlier. H100 said in a Wednesday post on X that nearly all of its Q2 loss was tied to a non-cash impairment caused by Bitcoin’s price decline during the period. Earlier in August, the company completed the acquisition of two smaller Norwegian Bitcoin treasury firms and their crypto holdings, lifting its reserves to 3,506 BTC, worth about $226 million. That made H100 Europe’s second-largest Bitcoin treasury company by holdings, behind Germany’s Bitcoin Group, which holds 3,605 BTC. StockAnalysis data showed H100 shares fell 4.2% on Tuesday and were down 24% year to date.
Sweden-listed health-tech company and Bitcoin treasury firm H100 Group reported a 253 million Swedish kronor loss for the first half of 2026 after a sharp second-quarter markdown tied to Bitcoin’s price decline.
Q2 loss reached 98 million kronor
In its interim report published Wednesday, H100 said it recorded a pre-tax loss of 98 million Swedish kronor in the second quarter, or about $10.3 million. For the first half of 2026, the company reported a loss of 253 million kronor, or about $26 million.
H100 also reported 3 million kronor in operating income for the second quarter, unchanged from Q2 2025. First-half operating income totaled 6.1 million kronor, up from 5.8 million kronor in H1 2025.
The company said in a Wednesday post on X that nearly all of the second-quarter loss came from a non-cash write-down linked to Bitcoin’s price drop during the period.
Acquisitions lifted holdings to 3,506 BTC
Earlier in August, H100 became Europe’s second-largest Bitcoin treasury company by holdings after acquiring two smaller Norwegian Bitcoin treasury firms and taking over their cryptocurrency holdings.
According to BitcoinTreasuries, the transaction increased H100’s Bitcoin holdings to 3,506 BTC, worth about $226 million. That placed the company behind Germany’s Bitcoin Group, which holds 3,605 BTC.
Shares extended year-to-date decline
StockAnalysis data showed H100 Group shares fell 4.2% on Tuesday, extending their decline for the year to 24%.
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