H100 Group, Sweden’s rising health tech and Bitcoin heavyweight, just reported a $26M first-half loss — mostly from a non-cash Bitcoin write-down as prices tumbled — despite growing its Bitcoin treasury to Europe’s 2 spot through recent Norwegian acquisitions. While operating income edged up, the market’s reaction has been brutal: stock down 4% on Tuesday and 24% year-to-date, highlighting the tension between strategic crypto bets and volatile investor sentiment.
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