Comment by otherme123

In page F-7 they write:

Audited, revenue in 2025 is $4.6 with a computing cost of $7.3 (i.e. heavily subsidizing tokens). Unaudited, revenue in 2026 (first six months) is $16.3, computing cost $8.9 (1.83:1). But after adding personnel, sales and administrative costs, they are still spending $17.0 to get that $16.3 revenue (still subsidizing tokens, but less).