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Highlights
- FY2025 revenue totaled CAD115.3M, with CAD105.2M from digital mining, CAD10.1M from HPC services.
- Adjusted EBITDA stood at CAD56.2M, or 48.7% of total revenue.
- Net loss of CAD3.0M under US GAAP, impacted by post-halving economics and expansion costs.
HIVE Digital Technologies Ltd. (TSXV: HIVE, NASDAQ: HIVE, FSE: YO0) has announced its financial results for the fiscal year ended March 31, 2025. The company reported total annual revenue of CAD115.3 million, consisting of CAD105.2 million from digital currency mining and CAD10.1 million from high-performance computing (HPC) and AI cloud services.
Digital currency mining revenue declined 5.2% year-over-year, largely due to the April 2024 Bitcoin Halving and rising global hash rate difficulty. However, these impacts were partially offset by a 40% increase in the company's hashrate capacity—from 4.5 EH/s to 6.3 EH/s—and higher Bitcoin prices. HIVE mined a total of 1,414 Bitcoin during the year, contributing to a closing digital asset value of CAD181.1 million, which includes a HODL position of 2,201 BTC.
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