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

Odaily Planet Daily News According to the report of data center infrastructure provider Hive Digital, both revenue and income in the last quarter of 2024 have risen, thanks to its innovative high BTC reserves and expanding high-performance computing (HPC) business. In the quarter ended December 31, Hive's revenue from cryptocurrency mining and HPC hosting services reached $29.2 million. Its HPC business generated $2.5 million in quarterly revenue, with an annualized run rate of $10 million. The company's adjusted earnings were 17.3 million USD, with a net income of 1.3 million USD after tax. Hive mined 322 BTC in this quarter, increasing its 'hold' position to 2,805 BTC. As of the end of this quarter, its book value of BTC is $260.8 million, a rise of 263% year-on-year. According to industry data, among listed companies, Hive is one of the 15 largest Bitcoin holders in the world. According to Hive's CFO Darcy Daubaras, the company held $270.7 million in cash and cryptocurrencies at the end of this quarter. (Cointelegraph)