• Hive Digital Technologies Reports Fiscal Year Results and Significant Growth in Bitcoin Mining

  • Jun 26 2024
  • Duración: 7 m
  • Podcast

Hive Digital Technologies Reports Fiscal Year Results and Significant Growth in Bitcoin Mining Por arte de portada

Hive Digital Technologies Reports Fiscal Year Results and Significant Growth in Bitcoin Mining

Escúchala gratis

Ver detalles del espectáculo

  • Resumen

  • Hive Digital Technologies CEO Aydin Kilic joined Steve Darling from Proactive to discuss the company's robust financial results for the full year ended March 31, 2024. The company reported impressive revenue from digital currency mining, totaling $111 million for the fiscal year. This revenue, combined with the company's high-performance computing (HPC) operations, resulted in a gross operating margin of $40.3 million, representing a 36% operating margin. The company's selling, general, and administrative (SG&A) expenses for the fiscal year were $13.2 million, leading to a positive corporate margin on a cash basis of $23.7 million. Hive achieved an Adjusted EBITDA of $37.5 million for the fiscal year. Kilic highlighted that Hive significantly expanded its Bitcoin mining operations, growing its ASIC hashrate by 57% over the fiscal year, from 3.0 Exahash in March 2023 to 4.7 Exahash in March 2024. During this period, the company mined 3,123 Bitcoins, including digital assets mined from GPUs. As of March 31, 2024, Hive held 2,287 Bitcoins on its balance sheet, valued at approximately $161.3 million. These Bitcoins are unencumbered, unleveraged, and were all mined through Hive's green energy-focused operations. These results reflect Hive Digital Technologies' strategic growth and efficient operations, positioning the company for continued success in the digital currency mining industry while maintaining a strong focus on sustainability. #proactiveinvestors #hivedigitaltechnologies #tsxv #hive #nasdaq #hive #bitcoin #invest #investing #investment #investor #stockmarket #stocks #stock #stockmarketnews
    Más Menos
activate_primeday_promo_in_buybox_DT
Empresas y Profesiones Economía Finanzas Personales Política y Gobierno
Más Menos

Lo que los oyentes dicen sobre Hive Digital Technologies Reports Fiscal Year Results and Significant Growth in Bitcoin Mining

Calificaciones medias de los clientes

Reseñas - Selecciona las pestañas a continuación para cambiar el origen de las reseñas.

Reseñas de Audible.com

Opiniones de Amazon
No hay comentarios disponibles