Core Insights - HIVE Digital Technologies Ltd. reported a strong financial performance for Q3 FY2025, with total revenue of $29.2 million, adjusted EBITDA of $17.3 million, and a net income of $1.3 million, marking a significant recovery from a net loss of $7.0 million in the same period last year [5][10]. Financial Performance - Total revenue of $29.2 million was generated from digital currency mining and high-performance computing (HPC) hosting services, with $26.7 million from mining and $2.5 million from HPC [6][8]. - Adjusted EBITDA for the quarter was $17.3 million, reflecting effective financial and operational management [10]. - The company reported a net income of $1.3 million after tax, driven by foreign exchange gains and unrealized gains on investments [6][10]. Bitcoin Holdings - HIVE ended the quarter with 2,805 Bitcoin, valued at over $260 million, representing a 263% year-over-year increase from $72 million at the end of December 2023 [5][11]. - The company mined 322 Bitcoin during the quarter, contributing to its HODL position [6][11]. Operational Efficiency - HIVE maintained a low G&A cost structure, reporting $4.6 million in G&A for Q3, up from $3.7 million in the same period last year, which allowed for maximized cash returns on invested capital [9]. - The company's operating margins were $6.1 million, indicating profitable operations from both Bitcoin mining and HPC business units [6][8]. Future Growth Plans - HIVE plans to expand its hashrate from 6 EH/s to 25 EH/s by September 2025 through a 300 MW expansion in Paraguay [7][14]. - The company aims to achieve $20 million in high-margin run-rate revenue from new NVIDIA H100 and H200 clusters for cloud computing and AI model training services by Q2 2025 [7]. Equity Distribution - HIVE entered into an equity distribution agreement allowing the sale of up to $200 million in common shares, with proceeds intended for data center equipment purchases, strategic investments, and general working capital [15][18]. - The company raised C$122.6 million ($87.5 million) through the issuance of 21,367,527 common shares under the October 2024 ATM Equity Program [17].

Core Insights - HIVE Digital Technologies Ltd. reported a strong financial performance for Q3 FY2025, with total revenue of $29.2 million, adjusted EBITDA of $17.3 million, and a net income of $1.3 million, marking a significant improvement from the previous year [5][10] - The company increased its Bitcoin holdings to 2,805, valued at over $260 million, representing a 263% year-over-year increase [5][6] Financial Performance - Total revenue of $29.2 million comprised $26.7 million from digital currency mining and $2.5 million from high-performance computing (HPC) services [6][8] - Adjusted EBITDA for the quarter was $17.3 million, reflecting effective financial management [10] - Net income after tax was $1.3 million, a notable recovery from a loss of $7.0 million in the same period last year [10] Operational Highlights - HIVE mined 322 Bitcoin during the quarter, contributing to its HODL position [6] - The HPC business achieved a $10 million annualized run rate based on quarterly revenues of $2.5 million, indicating growth in this segment [6] - The company's Bitcoin mining hashrate increased by 7.1% from 5.6 EH/s to 6.0 EH/s due to fleet upgrades [12] Strategic Initiatives - HIVE is expanding its operations in Paraguay with a 300 MW project aimed at increasing its hashrate from 6 EH/s to 25 EH/s by September 2025 [7][13] - The company plans to enhance its HPC revenue with new NVIDIA H100 and H200 clusters, targeting $20 million in high-margin run-rate revenue by Q2 2025 [7] Cash and Digital Assets - HIVE ended the quarter with $270.7 million in cash and digital currencies, positioning itself strongly for future growth [5] - Total digital currency assets were valued at $260.8 million, including the 2,805 Bitcoin held [6][11] Cost Management - The company maintained low general and administrative costs of $4.6 million, allowing for maximized cash returns on invested capital [9]

Company Performance - HIVE Digital Technologies reported a quarterly loss of $0.06 per share, better than the Zacks Consensus Estimate of a loss of $0.11, and compared to a loss of $0.08 per share a year ago, indicating an earnings surprise of 45.45% [1] - The company posted revenues of $29.23 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 10.32%, although this represents a decline from year-ago revenues of $31.25 million [2] - Over the last four quarters, HIVE has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Market Outlook - HIVE Digital Technologies shares have underperformed the market, losing about 0.7% since the beginning of the year, while the S&P 500 has gained 3.1% [3] - The current consensus EPS estimate for the coming quarter is -$0.07 on revenues of $31.94 million, and for the current fiscal year, it is -$0.23 on revenues of $113.33 million [7] Industry Context - The Financial - Miscellaneous Services industry, to which HIVE belongs, is currently in the top 28% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact HIVE's stock performance [5]

HIVE Digital Technologies Ltd. Condensed Interim Consolidated Financial Statements For the three and nine months ended December 31, 2024 and 2023 (In thousands of U.S. dollars) (Unaudited) HIVE Digital Technologies Ltd. Condensed Interim Consolidated Statements of Financial Position (In thousands of US dollars) (Unaudited) | | | | December 31, | | March 31, | | --- | --- | --- | --- | --- | --- | | | Notes | | 2024 | | 2024 | | Assets | | | | | | | Current assets | | | | | | | Cash | | $ | 9,845 | $ | 9,678 ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - February 6, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the "Company" or "HIVE"), a global leader in sustainable data center infrastructure, has released its unaudited production results for January 2025 (all amounts in US ...

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - February 6, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the "Company" or "HIVE"), a global leader in sustainable data center infrastructure, has released its unaudited production results for January 2025 (all amounts in US ...

RETRANSMISSION: HIVE Digital Technologies to Release Q3 2025 Financial Results on February 11 and Hold Earnings Call on February 12January 29, 2025 6:00 AM EST | Source: HIVE Digital Technologies Ltd.San Antonio, Texas--(Newsfile Corp. - January 29, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the "Company" or "HIVE"), a global leader in sustainable data center infrastructure, today announced it will release its financial results for the quarter ...

HIVE Digital Technologies to Release Q3 2025 Financial Results on February 11 and Hold Earnings Call on February 12January 29, 2025 1:00 AM EST | Source: HIVE Digital Technologies Ltd.San Antonio, Texas--(Newsfile Corp. - January 29, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the "Company" or "HIVE"), a global leader in sustainable data center infrastructure, today announced it will release its financial results for the quarter ended December ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...