HIVE Digital, a renowned company in the
cryptocurrency sector, has demonstrated an impressive performance in recent times, significantly amplifying annual revenue to $114.5 million with an Adjusted EBITDA of $37.5 million, while mining 3,123 Bitcoin for their fiscal year ended in March 2024. The company also grew their revenue by 8%, marking the end of their fiscal year with Bitcoin reserves worth $141 million.
Bitcoin production and HIVE shares did however see a slight decline despite BTC Price records. Despite market challenges, the company continued to increase their Bitcoin mining yield monthly.
HIVE Digital has also ventured into AI; purchasing 96 Nvidia GPUs to boost High-Performance Computing Operations. They've aimed to increase their global presence, with the anticipation to acquire a data center facility in Sweden, and expand their operations for the first time in Paraguay, intending to build a sizable Bitcoin mining facility despite looming energy hikes. The company has also bolstered their mining power, purchasing 4,800 Bitmain S19k Bitcoin Miners in preparation for the 2024 Bitcoin halving event. In 2023,
HIVE Digital was listed on NASDAQ, enhancing its Bitcoin mining capacity. However, it did face a downgrade from H.C. Wainwright. There is speculation of a potential Coinbase listing for
Hivemapper (HONEY) Coin, a potential Google Map competitor, which led to a surge by 100% in its price.
HIVE Coin News Analytics from Wed, 15 Nov 2017 08:00:00 GMT to Tue, 13 Aug 2024 07:00:00 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -2
