Bitcoin Miner HIVE Digital Scores 285% Revenue Pump Thanks To BTC Expansion

HIVE Digital Technologies delivered exceptional second-quarter results, posting record revenue of $87.3 million, a 285% surge from the prior year, driven by aggressive Bitcoin mining expansion and rising demand for high-performance computing services. The Canadian-based miner achieved this milestone despite reporting a $15.8 million net loss attributed to accelerated equipment depreciation from its rapid Paraguay buildout. The company’s explosive growth resulted from the successful execution of its dual- ...