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How Vulcan Infrastructure & Power (VIP) makes money

Vulcan Infrastructure & Power (VIP) made $3.4M of revenue in the second quarter 2026 (Q2 2026), -74% from a year earlier. Cryptocurrency mining brought in $1.7M (50%); Power and capacity brought in $1.3M (39%); Datacenter hosting brought in $390K (12%).

Drawing the Sankey…

Vulcan Infrastructure & Power revenue by segment, Q2 2026Vulcan Infrastructure & Power revenue by segment, Q2 2026Cryptocurrency mining$1.7MPower and capacity$1.3MDatacenter hosting$390K
Vulcan Infrastructure & Power: revenue by line, Q1 2025 to Q2 2026Vulcan Infrastructure & Power: revenue by line, Q1 2025 to Q2 2026Power and capacityDatacenter hostingCryptocurrency miningPower and capacity: $1.3M latestDatacenter hosting: $390K latestCryptocurrency mining: $1.7M latest$1.7MQ1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Cryptocurrency mining went from 22% of revenue in Q1 2025 to 50% in Q2 2026, the largest shift in the mix.
Vulcan Infrastructure & Power revenue by quarterVulcan Infrastructure & Power revenue by quarter$14.8MQ4 2024$19.2MQ1 2025$12.9MQ2 2025$15.2MQ3 2025$11.5MQ4 2025$20.8MQ1 2026$3.4MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
Cryptocurrency mining$1.7M49.8%-6%-60%
Power and capacity$1.3M38.7%-93%-49%
Datacenter hosting$390K11.5%+7%-94%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$3.4M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$3.4M-74%
Q1 2026$20.8M+8%
Q4 2025$11.5M-23%
Q3 2025$15.2M+23%
Q2 2025$12.9M-2%
Q1 2025$19.2M-0.5%
Q4 2024$14.8M-25%

From Vulcan Infrastructure & Power's 10-Q filed Aug 14, 2026 (on EDGAR).

Questions

How does Vulcan Infrastructure & Power make money?

Vulcan Infrastructure & Power (VIP) made $3.4M of revenue in the second quarter 2026 (Q2 2026), -74% from a year earlier. Cryptocurrency mining brought in $1.7M (50%); Power and capacity brought in $1.3M (39%); Datacenter hosting brought in $390K (12%).

What is Vulcan Infrastructure & Power's biggest business?

Cryptocurrency mining: $1.7M in the second quarter 2026, 50% of revenue, -60% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.