Hive Digital's revenue reached 29.2 million US dollars in Q4 last year, holding 2805 BTC

Data center infrastructure provider Hive Digital reported that both earnings and revenue increased in the last quarter of 2024, thanks to its record-high Bitcoin reserves and expanding high-performance computing (HPC) business.

In the quarter ending December 31, Hive's revenue from cryptocurrency mining and HPC hosting services reached $29.2 million. Its HPC business generated a quarterly income of $2.5 million, with an annual run rate of $10 million.
The company's adjusted earnings were $17.3 million, with a net income after tax of $1.3 million.

Hive mined 322 BTC this quarter, increasing its "hold" position to 2,805 BTC. By the end of this quarter, the book value of its BTC was $260.8 million, up 263% year-on-year.

According to industry data, among listed companies, Hive is one of the top 15 largest Bitcoin holders globally. According to Hive CFO Darcy Daubaras, at the end of this quarter it held cash and cryptocurrencies worth $270.7 million.(Cointelegraph)