Bitcoin Miner Hive's Stock Rises After Record Q2 Revenue, AI Deal

Publicly-traded Bitcoin mining firm Hive Digital Technologies’ stock climbed Monday following the announcement of record revenue last quarter, along with a deal with computer maker Dell to power the expanding AI ambitions of Hive’s subsidiary. Hive reported second-quarter fiscal year results ending September 30, achieving record revenue of $87.3 million—a vast 285% year-over-year increase, and 91% rise compared to the previous quarter. The company reported adjusted EBITDA of $31.5 million, pointing to stron ...