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RETRANSMISSION: HIVE Achieves FY2025 Total Revenue of $115.3 Million and $56.2 Million Adjusted EBITDA with 1,414 Bitcoin Mined and 3x Growth in AI GPU Revenue
Newsfile· 2025-06-26 10:00
Core Insights - HIVE Digital Technologies Ltd. reported total revenue of $115.3 million for FY2025, with a significant contribution from digital currency mining and high-performance computing (HPC) services [2][5] - The company achieved an adjusted EBITDA of $56.2 million, representing 48.7% of total revenue, despite a net loss of $3.0 million [5][6] - HIVE's digital currency mining revenue decreased by 5.2% year-over-year to $105.2 million, primarily due to the April 2024 Bitcoin halving and increased hash rate difficulty, although offset by a 40% increase in mining hashrate [5][6] Financial Highlights - Total revenue for FY2025 was $115.3 million, with digital currency mining contributing $105.2 million and HPC revenue at $10.1 million, which saw a 3x growth year-over-year [5][7] - The company mined 1,414 Bitcoin during the fiscal year, contributing to its digital asset holdings valued at $181.1 million, including 2,201 Bitcoin [5][6] - Gross operating margins were reported at $25.1 million, or 21.8% of total revenue, while general and administrative expenses increased to $16.6 million due to global expansion efforts [5][6] Management Insights - The company expanded its operational hashrate from 4.5 EH/s to 6.3 EH/s, a 40% increase, and acquired 300 MW of hydro-powered green energy sites in Paraguay [6][7] - HIVE aims to scale its Bitcoin mining business to 25 EH/s by December 31, 2025, and continues to grow its Buzz HPC business [6][7] - The transition from IFRS to US GAAP is expected to enhance comparability with U.S.-listed peers and support growth ambitions in U.S. capital markets [6][7] Q4 FY2025 Highlights - For Q4 FY2025, total revenue was $31.2 million, with digital currency mining revenue at $28.1 million, reflecting a 5.5% sequential increase [7] - The company mined 303 Bitcoin in Q4, a 6% decrease from the previous quarter due to increased hashrate difficulty [7] - Buzz HPC revenue reached a record $3.0 million during the quarter, up 18.5% sequentially, driven by strong demand in high-performance computing markets [7]
Could This Cloud Company Be a Surprise Winner of the AI Revolution?
The Motley Fool· 2025-06-26 09:35
Artificial intelligence (AI) stocks have led the overall market higher over the past couple of years as investors bet on the ability of AI to supercharge companies' growth, and the movement continues. The AI market, set to reach into the trillions of dollars in a few years, still is in its early stages, and today's most-watched players, such as Nvidia and software company Palantir Technologies, won't be the only ones to benefit.In fact, cloud company Oracle (ORCL -2.20%) could be a surprise winner of the AI ...
Better Artificial Intelligence (AI) Stock: CoreWeave vs. Oracle
The Motley Fool· 2025-06-26 08:55
The demand for cloud computing infrastructure used to help train artificial intelligence (AI) models and deploy them into production is increasing at an incredible pace. It's one of the main reasons why shares of CoreWeave (CRWV -7.63%) and Oracle (ORCL -2.20%) have been in fine form on the stock market in 2025.Both companies rent out AI-focused data centers powered by premium graphics processing units (GPUs) from the likes of Nvidia, AMD, and others. To meet the increasing demand, both companies are quickl ...
HIVE Achieves FY2025 Total Revenue of $115.3 Million and $56.2 Million Adjusted EBITDA with 1,414 Bitcoin Mined and 3x Growth in AI GPU Revenue
Newsfile· 2025-06-26 06:10
Core Insights - HIVE Digital Technologies Ltd. reported total revenue of $115.3 million for FY2025, with a significant contribution from digital currency mining and high-performance computing (HPC) services [6][3] - The company achieved adjusted EBITDA of $56.2 million, representing 48.7% of total revenue, despite a net loss of $3.0 million [6][3] - HIVE's Bitcoin production reached 1,414 Bitcoin, while HPC revenue grew approximately threefold year-over-year to $10.1 million [6][3] Financial Highlights - Total revenue for FY2025 was $115.3 million, with digital currency mining revenue at $105.2 million, down 5.2% year-over-year [6] - HPC/AI Cloud revenue was $10.1 million, a 194% increase from $3.4 million in FY2024 [6] - Gross operating margin was $25.1 million, equating to 21.8% [6] - General and administrative expenses rose to $16.6 million from $13.2 million in FY2024 due to increased staffing for global expansion [6] - Total digital currency assets were valued at $181.1 million, including 2,201 Bitcoin [6] Management Insights - The company expanded its operational hashrate from 4.5 EH/s to 6.3 EH/s, a 40% increase, despite challenges from the Bitcoin halving [7] - HIVE acquired 300 MW of hydro-powered green energy sites in Paraguay, enhancing its leadership in sustainable mining [7] - The company aims to scale its Bitcoin mining business to 25 EH/s by December 31, 2025, and continues to grow its Buzz HPC business [7] - HIVE transitioned its financial reporting from IFRS to US GAAP to align with strategic objectives and enhance comparability with U.S. peers [7] Q4 FY2025 Highlights - Q4 total revenue was $31.2 million, with digital currency mining revenue at $28.1 million, reflecting a 5.5% sequential increase [8] - General and administrative expenses for Q4 were $5.3 million, up from $4.6 million in Q3 FY2025 [8] - Bitcoin production in Q4 was 303 Bitcoin, down 6% sequentially due to increased hashrate difficulty [8] - Buzz HPC revenue reached a record $3.0 million in Q4, an 18.5% sequential increase [8]
阿里云乘上中企外拓的东风
Hua Er Jie Jian Wen· 2025-06-26 02:55
作者 | 柴旭晨 编辑 | 刘宝丹 "让天下没有难做的生意"的阿里,将目光投到了出海潮下的中国企业。 "生而全球,已成为大多数中企可复制的办法。"6月24日,在阿里云中企出海峰会,阿里云智能集团资深副总裁、公共云事业部总裁刘伟光称,阿里云将加 速打造全球云计算一张网,在全球每个节点部署全栈AI能力,服务生而全球的企业。 阿里集团CEO、阿里云董事长兼CEO吴泳铭表示,26年前,阿里成立的第一个业务alibaba.com就是帮助中国企业出海,当时是把中国商品卖到海外,货通天 下。 吴泳铭断言,走向全球是中国企业的发展必然。这背后是中国经过20多年变迁后,中企出海涌现出的新特征。 在刘伟光看来,中企出海产业越来越高端化,从制造到智造;其次,出海区域越来越多元,从欧美拓展到全球;最后,出海经营越来越本地化和网络化。从 早期的走出去,已变为生而全球化,亦即研发、生产、供应链和销售服务等都是全球网络协作。 吴泳铭也强调,现在中国企业出海不再仅限于商品出海,而是技术、品牌和高端制造走向全球。 在他看来,能在中国市场胜出的产品和技术,也将在全球市场上扮演重要角色。中国在5G、AI、智能汽车等领域已经实现了技术领先。中国企业 ...
Optiva Inc. Announces Results of Annual Meeting
Globenewswire· 2025-06-26 02:40
TORONTO, June 25, 2025 (GLOBE NEWSWIRE) -- Optiva Inc. ("Optiva" or the "Company") (TSX:OPT), a leader in powering the telecom industry with cloud-native billing, charging and revenue management software on private and public clouds, today announced that Patrick DiPietro, Lee Matheson, Simon Parmar, Robert Stabile, Barry Symons, and Birgit Troy were elected to the Company's board of directors (the "Board") at the Company's annual meeting of holders of common shares held earlier today (the "Meeting"). In add ...
IGT and Atlantic Lottery Sign Eight-Year Video Lottery Central System Technology Agreement
Prnewswire· 2025-06-25 20:31
Core Insights - International Game Technology PLC (IGT) has signed an eight-year agreement with Atlantic Lottery to supply its IntelligenEVO™ video lottery central system technology across Atlantic Canada, marking a significant partnership in the gaming industry [1][2] - This agreement positions Atlantic Lottery as the first World Lottery Association-affiliated operator to implement IGT's next-generation central management system in a game-to-system distributed market, enhancing its operational capabilities [1][2] Company Overview - IGT is a global leader in gaming, providing a wide range of gaming experiences across various channels and regulated segments, including lotteries, gaming machines, sports betting, and digital platforms [4] - The company emphasizes innovation, player insights, and operational expertise, aiming to deliver engaging gaming experiences that drive growth [4] - IGT has a strong local presence and relationships with governments and regulators in over 100 jurisdictions, employing approximately 11,000 individuals [4] Technology and Features - The IntelligenEVO technology is designed to enhance system performance and player experience, focusing on system security, network availability, and responsible gaming functionalities [2] - The solution is scalable and backed by decades of operator feedback, maximizing the benefits of real-time data, cloud-based technologies, and in-depth analytics [2] - IntelligenEVO's game-to-system and open API design optimizes data collection and delivery, allowing Atlantic Lottery to customize its offerings to meet evolving player needs [2]
Dan Ives: Microsoft could be a $5 trillion company in 18 months
CNBC Television· 2025-06-25 20:04
Microsoft hitting an all-time high today. The fourth session in a row that the stock has done just that. Our next guest getting even more bullish on the name.Joining me now post 9, Wed Bush analyst Dan Ives. Welcome back. Great to be here.You say that you have incrementally bullish from your recent AI customer checks. What does that mean. What' you call Nvidia and say is Microsoft still spending money and you decided to to add to the price target.What are the customer checks. That's a great question. I mean ...
【公告全知道】固态电池+军工+人形机器人+无人机+MCU芯片!公司在人形机器人方面重点布局精密轴承和丝杠
财联社· 2025-06-25 14:23
每周日至每周四推送明日股市重大公告!内容包含"停复牌、增减持、投资中标、收购、业绩、解禁、 高送转"等一系列个股利好利空公告,其中重要公告均以红色标注,帮助投资者提前寻找到投资热点, 防范各类黑天鹅事件,并且有充足的时间进行分辨和寻找合适的上市公司。 ①固态电池+军工+人形机器人+无人机+MCU芯片!这家公司参股企业是中国最早布局固态电池的企业之 一,在人形机器人方面重点布局精密轴承和丝杠;②数字货币+跨境支付+区块链+国产芯片+云计算+华为 鸿蒙!这家公司区块链密码相关产品已经在数字货币业务中得到应用;③人形机器人+无人驾驶+特斯拉! 公司拟通过股权收购快速进入人形机器人等新兴领域。 前言 ...
Billionaire investor Philippe Laffont on bitcoin: Every day I do think 'why do I not own it?'
CNBC Television· 2025-06-25 13:30
>> Welcome to Squawk Box. Welcome back to Squawk Box. We've got a huge lot a lot of things to cover, a lot of ground to cover with our next guest.We're very excited about it. The markets the fed is excited about private markets I some very provocative views about alphabet which by the way didn't make his fantastic 40 list and so much more. An exclusive with famed tech investor Philippe Lafont.He's the founder and portfolio manager of Co two. It's a tech hedge fund, private markets investor, $55 billion unde ...