Increasing facility capacity by more than 60% to a new facility
Tripling capacity to test and validate direct liquid-cooled racks
Power infrastructure to support racks using 3x-5x current power levels, enabling future tech roadmap
New facility expected to begin operations in early 2025 to support new multiyear customer agreement
Preliminary Q3 revenue estimated to exceed $26.5 million
Expected adjusted EBITDA loss of approximately $2.4 million, representing a $3.0 million improvement from Q2 2024
As a result of strong Q3 and YTD performance, GameSquare has increased its 2024 annual proforma revenue guidance to $105 million to $110 million
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