Hive Digital's Q4 revenue reached $29.2 million last year, holding 2805 BTC

Odaily Planet Daily News: Hive Digital, a data center infrastructure provider, reported an increase in revenue and revenue 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 31st, Hive's revenue from cryptocurrency mining and HPC hosting services reached $29.2 million. Its HPC business generated quarterly revenue of $2.5 million and an annualized operating rate of $10 million. The adjusted earnings of the company are $17.3 million, with a net income after tax of $1.3 million. Hive mined 322 BTC this quarter, increasing its "holding" position to 2805 BTC. As of the end of this quarter, the BTC value on its books was $260.8 million, a year-on-year increase of 263%. According to industry data, Hive is one of the 15 largest Bitcoin holders in the world among listed companies. According to Darcy Daubaras, Chief Financial Officer of Hive, the company held $270.7 million in cash and cryptocurrency at the end of this quarter. （Cointelegraph）