Hive Digital's revenue in Q4 last year was $29.2 million, and it holds 2,805 BTC

Odaily Planet Daily News Data center infrastructure provider Hive Digital reported that both earnings and revenue increased in the last quarter of 2024, thanks to its record high Bitcoin reserves and expanding high-performance computing (HPC) business. In the quarter ended December 31, Hive's revenue from crypto mining and HPC hosting services reached $29.2 million. Its HPC business generated $2.5 million in quarterly revenue and an annualized run rate of $10 million. The company's adjusted earnings were $17.3 million and net income after tax was $1.3 million. Hive mined 322 BTC in the quarter, raising its "holding" position to 2,805 BTC. At the end of the quarter, its BTC on the books was worth $260.8 million, up 263% year-on-year. Among listed companies, Hive is one of the 15 largest Bitcoin holders in the world, according to industry data. According to Hive CFO Darcy Daubaras, the company ended the quarter with $270.7 million in cash and cryptocurrencies. (Cointelegraph)