Flash News
Serenity: continuous sighting of CRWV. Interest on the company ' s debt seriously erodes the cash flow
On 12 August, Serenity sent a letter indicating that it had maintained a public view of the CRWV of the neocloud company. “Despite strong demand, the backlog of orders exceeded $100 billion and the adjusted EBITDA profit margin reached 59 per cent. However, the company ' s interest costs amounted to $640 million, approximately 42 per cent of EBITDA, resulting in a net loss increase。
