- HIVE Digital Technologies press release (NASDAQ:HIVE): Q1 GAAP EPS of $0.03 beats by $0.04.
- Revenue of $32.2M (+37% Y/Y) beats by $5.16M
- Revenue from digital currency mining was $29.6 million this quarter from mining rewards of 449 Bitcoin, in addition to $2.6 million from the Company’s high-performance computing hosting operations.
- HIVE achieved an Adjusted EBITDA of $14.9 million for the quarter and net income of $4.2 million before tax.
- The company grew its Bitcoin mining ASIC hashrate by 4% this quarter, from 4.7 Exahash in March 2024 to 4.9 Exahash in June 2024.
- HIVE ended the period with 2,496 Bitcoin on the balance sheet as of June 30, 2024, valued at $153.9 million.
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