HIVE Digital Technologies, a publicly listed Bitcoin mining company, reported fourth-quarter revenue of $29.2 million, a decrease from the same period last year. However, the company significantly increased its Bitcoin holdings to 2,805 tokens valued at $260.8 million. HIVE also posted a net income of $1.3 million for the quarter, a significant improvement from a $7.0 million loss in the previous year. The company's expansion plans in Paraguay are progressing, with a targeted increase in hashrate from 6 EH/s to 25 EH/s by September 2025. HIVE's HPC business is also growing, with a $10 million annualized run rate expected to reach $20 million by Q2 2025. The company plans to position itself as one of the largest Bitcoin miners in the world in 2025.
Content Editor ( financemagnates.com )
- 2025-02-12
Wall Street BTC Miner HIVE Posts $29.2M Revenue as Bitcoin Holdings Top $260M
