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Vulcan Infrastructure & Power vs DeFi Development: VIP and DFDV compared
Vulcan Infrastructure & Power is the larger company: $3.4M of revenue in its latest quarter (Q2 2026) against $3.3M for DeFi Development (Q2 2026). DeFi Development is growing faster (+67% against -74% a year earlier). Vulcan Infrastructure & Power is more profitable, with an operating margin of -284.8% against -689.2%.
Where the money goes: VIP and DFDV
Vulcan Infrastructure & Power (VIP) · Q2 2026
Vulcan Infrastructure & Power, Q2 2026: revenue $3.4M (-74% year over year), operating margin -284.8%, net loss $9.9M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
DeFi Development (DFDV) · Q2 2026
DeFi Development, Q2 2026: revenue $3.3M (+67% year over year), operating margin -689.2%, net loss $27.3M, operating cash flow −$4.3M. The chart follows the revenue to costs, profit and cash.
| Vulcan Infrastructure & Power (VIP) | DeFi Development (DFDV) | |
|---|---|---|
| Latest quarter | Q2 2026 | Q2 2026 |
| Revenue | $3.4M | $3.3M |
| Revenue growth, Y/Y | -74% | +67% |
| Operating margin | -284.8% | -689.2% |
| Net earnings | −$9.9M | −$27.3M |
| Net margin | -292.4% | -823.4% |
| Operating cash flow | −$4.3M | −$4.3M |
Where the revenue comes from
Vulcan Infrastructure & Power
- Cryptocurrency mining: $1.7M (50%)
- Power and capacity: $1.3M (39%)
- Datacenter hosting: $390K (12%)
DeFi Development
- Treasury: $3.3M (98%)
- Real Estate: $58K (2%)
Questions
Which is bigger, Vulcan Infrastructure & Power or DeFi Development?
Vulcan Infrastructure & Power is the larger company: $3.4M of revenue in its latest quarter (Q2 2026) against $3.3M for DeFi Development (Q2 2026).
Is Vulcan Infrastructure & Power or DeFi Development growing faster?
DeFi Development is growing faster (+67% against -74% a year earlier).
Which is more profitable, Vulcan Infrastructure & Power or DeFi Development?
Vulcan Infrastructure & Power is more profitable, with an operating margin of -284.8% against -689.2%.
More: Vulcan Infrastructure & Power earnings · how Vulcan Infrastructure & Power makes money · DeFi Development earnings · how DeFi Development makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 14, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.