This brief reports what Atlassian's 10-Q, filed 2026-08-14, states, and nothing else. Every item below is a sentence the filing contains, quoted exactly and verified character-for-character against the document fetched from EDGAR. No inference is drawn and no claim is made about what any figure means.
The figures
| Metric | Value | Period |
|---|---|---|
| PowerCompute, Inc. | 101.7 teraflops | July 2026 |
| PowerCompute, Inc. | 164 Bitcoins | August 2025 |
| PowerCompute, Inc. | 47 Bitcoins | December 2025 |
| PowerCompute, Inc. | 47 Bitcoins | December 2025 |
| Bitcoin treasury operations | 5.9 million | December 2025 |
| Bitcoin treasury operations | 47 | December 2025 |
| Bitcoin | 100% | June 30, 2026 |
| Tether holdings | less than $10,000 | — |
| Cost of mining one Bitcoin as % of average Bitcoin mining revenue - energy/hosting fees only | 71 % | Three Months Ended June 30, 2026 |
| Cost of mining one Bitcoin as % of average Bitcoin mining revenue - energy/hosting fees only | 59 % | Three Months Ended June 30, 2025 |
| Cost of mining one Bitcoin as % of average Bitcoin mining revenue - energy/hosting fees only | 74 % | Six Months Ended June 30, 2026 |
| Cost of mining one Bitcoin as % of average Bitcoin mining revenue - energy/hosting fees only | 60 % | Six Months Ended June 30, 2025 |
| Cost of mining one Bitcoin as % of average Bitcoin mining revenue - including miner related depreciation expense | 104 % | Three Months Ended June 30, 2026 |
| Cost of mining one Bitcoin as % of average Bitcoin mining revenue - including miner related depreciation expense | 169 % | Three Months Ended June 30, 2025 |
| Cost of mining one Bitcoin as % of average Bitcoin mining revenue - including miner related depreciation expense | 106 % | Six Months Ended June 30, 2026 |
| Cost of mining one Bitcoin as % of average Bitcoin mining revenue - including miner related depreciation expense | 157 % | Six Months Ended June 30, 2025 |
| Direct costs to mine one Bitcoin - Energy/hosting fees only | $ 51,118 | Three Months Ended June 30, 2026 |
| Direct costs to mine one Bitcoin - Energy/hosting fees only | $ 57,888 | Three Months Ended June 30, 2025 |
| Direct costs to mine one Bitcoin - Energy/hosting fees only | $ 54,003 | Six Months Ended June 30, 2026 |
| Direct costs to mine one Bitcoin - Energy/hosting fees only | $ 57,699 | Six Months Ended June 30, 2025 |
| Direct costs to mine one Bitcoin - including miner related depreciation expense | $ 74,873 | Three Months Ended June 30, 2026 |
| Direct costs to mine one Bitcoin - including miner related depreciation expense | $ 165,578 | Three Months Ended June 30, 2025 |
| Direct costs to mine one Bitcoin - including miner related depreciation expense | $ 78,045 | Six Months Ended June 30, 2026 |
| Direct costs to mine one Bitcoin - including miner related depreciation expense | $ 150,476 | Six Months Ended June 30, 2025 |
Every figure above is quoted from the filing; the sentence it was read from appears under its beat below.
The evidence, by beat
ARR / NRR / NDR growth or dilution
The filing names this beat, but no statement in it verified as a verbatim quote, so none is reported here.
seat vs consumption / usage-based pricing mix shift
In July 2026, we acquired one graphics processing unit (“GPU”) with approximately 101.7 teraflops of capacity, representing our initial investment in HPC-capable computing hardware.
We began selling our computing capacity to Vast.AI in July 2026 under a demand pricing model, pursuant to which the pricing we receive for our computing capacity will vary based on prevailing market demand for such capacity.
During August 2025 we raised approximately $21.3 million in net proceeds from capital raises and we purchased approximately 164 Bitcoins in August 2025 with substantially all of the proceeds from such offering, with the remainder used for working capital purposes.
During December 2025, we raised an additional approximately $5.9 million in net proceeds from capital raises and we purchased an additional 47 Bitcoins with substantially all of the proceeds from such offering.
Our Bitcoin treasury strategy for the next twelve months includes acquiring and holding Bitcoin using cash flows from operations that exceed working capital requirements, and from time to time, subject to market conditions, issuing equity or debt securities or engaging in other capital raising transactions with the objective of using the proceeds to purchase Bitcoin.
We have not set any specific target for the amount of Bitcoin we seek to hold, and we will continue to monitor market conditions in determining whether to engage in additional Bitcoin purchases.
Bitcoin mining and Bitcoin treasury operations currently remain our primary business.
Over time, we expect our capital allocation to increasingly reflect investment in additional GPUs, power capacity, and data center infrastructure necessary to support HPC and AI workloads, and we may pursue additional strategic arrangements, such as hosting agreements, leasing arrangements, or joint ventures, to accelerate this expansion.
competitive displacement / win-loss / platform consolidation
Based on that evaluation, our management, including our Chief Executive Officer and Chief Financial Officer, concluded that our disclosure controls and procedures were effective as of June 30, 2026.
There were no changes in our internal control over financial reporting that occurred during the quarter ended June 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.
We do not have any off-balance sheet arrangements.
Our transition to HPC and AI infrastructure services may not be successful and involves significant execution risk.
The transition may require the displacement of Bitcoin mining hardware and significant retrofit or replacement of data center infrastructure, which could result in impairment expenses, accelerated depreciation, and additional capital expenditures during the transition period.
We have a limited operating history providing GPU-as-a-service to customers for HPC and AI applications.
AI product monetisation / attach
We began selling our computing capacity to Vast.AI in July 2026 under a demand pricing model, pursuant to which the pricing we receive for our computing capacity will vary based on prevailing market demand for such capacity.
During December 2025, we raised an additional approximately $5.9 million in net proceeds from capital raises and we purchased an additional 47 Bitcoins with substantially all of the proceeds from such offering.
guidance raised/cut, outlook change
In August 2025, we launched our Bitcoin treasury operations. During August 2025 we raised approximately $21.3 million in net proceeds from capital raises and we purchased approximately 164 Bitcoins in August 2025 with substantially all of the proceeds from such offering, with the remainder used for working capital purposes.
During December 2025, we raised an additional approximately $5.9 million in net proceeds from capital raises and we purchased an additional 47 Bitcoins with substantially all of the proceeds from such offering.
During December 2025, we raised an additional approximately $5.9 million in net proceeds from capital raises and we purchased an additional 47 Bitcoins with substantially all of the proceeds from such offering.
As of June 30, 2026, Bitcoin represented 100% of our treasury holdings.
We began selling our computing capacity to Vast.AI in July 2026 under a demand pricing model, pursuant to which the pricing we receive for our computing capacity will vary based on prevailing market demand for such capacity.
Bitcoin mining and Bitcoin treasury operations currently remain our primary business.
We do have small holdings of Tether outside of our treasury holdings that value in the aggregate less than $10,000 and are used for purchases with merchants that accept such crypto assets as payment.
cost action / restructuring / headcount
Cost of mining one Bitcoin as % of average Bitcoin mining revenue - energy/hosting fees only 71 % 59 % 74 % 60 %
Cost of mining one Bitcoin as % of average Bitcoin mining revenue - energy/hosting fees only 71 % 59 % 74 % 60 %
Cost of mining one Bitcoin as % of average Bitcoin mining revenue - energy/hosting fees only 71 % 59 % 74 % 60 %
Cost of mining one Bitcoin as % of average Bitcoin mining revenue - energy/hosting fees only 71 % 59 % 74 % 60 %
Cost of mining one Bitcoin as % of average Bitcoin mining revenue - including miner related depreciation expense 104 % 169 % 106 % 157 %
Cost of mining one Bitcoin as % of average Bitcoin mining revenue - including miner related depreciation expense 104 % 169 % 106 % 157 %
Cost of mining one Bitcoin as % of average Bitcoin mining revenue - including miner related depreciation expense 104 % 169 % 106 % 157 %
Cost of mining one Bitcoin as % of average Bitcoin mining revenue - including miner related depreciation expense 104 % 169 % 106 % 157 %
Direct costs to mine one Bitcoin - Energy/hosting fees only (3) $ 51,118 $ 57,888 $ 54,003 $ 57,699
Direct costs to mine one Bitcoin - Energy/hosting fees only (3) $ 51,118 $ 57,888 $ 54,003 $ 57,699
Direct costs to mine one Bitcoin - Energy/hosting fees only (3) $ 51,118 $ 57,888 $ 54,003 $ 57,699
Direct costs to mine one Bitcoin - Energy/hosting fees only (3) $ 51,118 $ 57,888 $ 54,003 $ 57,699
Direct costs to mine one Bitcoin - including miner related depreciation expense $ 74,873 $ 165,578 $ 78,045 $ 150,476
Direct costs to mine one Bitcoin - including miner related depreciation expense $ 74,873 $ 165,578 $ 78,045 $ 150,476
Direct costs to mine one Bitcoin - including miner related depreciation expense $ 74,873 $ 165,578 $ 78,045 $ 150,476
Direct costs to mine one Bitcoin - including miner related depreciation expense $ 74,873 $ 165,578 $ 78,045 $ 150,476
We curtail when power prices exceed the value we would receive for the corresponding fixed Bitcoin reward. This means if Bitcoin’s value decreases or energy prices increase, our curtailment will increase; likewise, when Bitcoin’s value increases and energy prices decrease, our curtailment will decrease.
Scope: when Bitcoin’s value decreases or energy prices increase.
We curtail when power prices exceed the value we would receive for the corresponding fixed Bitcoin reward. This means if Bitcoin’s value decreases or energy prices increase, our curtailment will increase; likewise, when Bitcoin’s value increases and energy prices decrease, our curtailment will decrease.
Verification ledger
- 50 statements proposed by the extractor
- 41 verified verbatim against the fetched filing (82%)
- 9 discarded — not quotable character-for-character
The verbatim check contains no model: the extractor proposes a statement, and a deterministic substring match against the fetched text decides whether it is admissible. A proposal that does not verify is dropped.
This brief publishes no inference and no synthesis. The publication's inference layer must clear a measured second-lab confirmation threshold before it may appear; it has not, so it is absent by rule rather than by omission.