Netbrands Corp (OTC: NBND) is a blockchain infrastructure company focused on Bitcoin self-mining, digital asset treasury management, and related blockchain technology initiatives. Revenue is generated by mining Bitcoin using ASIC hardware and selling mined coins, with $18,265 in sales reported for the fiscal year ended December 31, 2025, compared to zero revenue in FY2024. The company operates its mining activities in Cedar Falls, Iowa, with an installed capacity of approximately 2.35 petahash per second (PH/s) as of the filing date. The fleet consists of 20 ASIC miners, including Bitmain S21+ and Bitmain L9 16G Scrypt machines, with the L9 units selling hashrate via the NiceHash platform and receiving rewards in Bitcoin. The company carries a going-concern qualification as of the 10-K filed April 15, 2026, with recurring operating losses and a net capital deficiency. A planned 5-megawatt dedicated mining facility in Iowa could support approximately 1,200 machines and up to 300 PH/s of aggregate hashrate, subject to additional capital raises.

Revenue model

Transactional: Bitcoin and altcoin mining rewards earned by solving blockchain blocks with ASIC hardware. Hashrate from Bitmain L9 Scrypt miners is sold via the NiceHash platform with rewards received in Bitcoin. FY2025 total sales were $18,265 (fiscal year ended December 31, 2025).

Products and services

Bitcoin self-mining using Bitmain S21+ (SHA-256) and Bitmain L9 16G Scrypt ASIC miners; a fleet of 20 ASICs as of November 2025. Digital asset treasury (DAT) targeting Bitcoin as primary reserve, with Ethereum and AAVE intended as yield-generating complementary assets. Planned 5 MW dedicated Bitcoin mining facility. Evaluation of hashrate and physical mining equipment tokenization.

Customers and end markets

No disclosed retail or institutional customers. Revenue derives from Bitcoin network block rewards and NiceHash hashrate sales. End market is the Bitcoin and cryptocurrency mining ecosystem.

Value-chain role

Direct Bitcoin miner and blockchain infrastructure operator. Purchases and operates ASIC mining hardware, connects to grid power, and retains mined Bitcoin on its balance sheet. Plans to act as a digital asset treasury holder using DeFi yield strategies.

Geographic exposure

Cedar Falls, Iowa, United States. Iowa cited for relatively low-cost electricity and favorable environmental conditions for mining hardware (per 10-K filed April 15, 2026). Common stock trades on the OTC ID OTC Market.

Source: SEC 10-K, filed 2026-04-15

Industry: Finance Services