The publicly listed Wall Street Bitcoin (BTC) miner HIVE Digital Technologies (NASDAQ: HIVE) reported fourth-quarter revenue of $29.2 million and adjusted EBITDA of $17.3 million. While the numbers are slightly lower than in the same period a year ago, the company significantly expanded its Bitcoin holdings to 2,805 tokens valued at $260.8 million.
The cryptocurrency mining company posted a net income of $1.3 million for the quarter ended December 31, 2024, marking an improvement from a $7.0 million loss in the same period last year. The company’s digital currency mining operations generated $26.7 million in revenue, while its growing high-performance computing (HPC) segment contributed $2.5 million.
Frank Holmes, Executive Chairman of HIVE
“We ended calendar year 2024 with a record Bitcoin HODL of 2,805 Bitcoin valued at over $260 million,” Frank Holmes, HIVE’s Executive Chairman, stated. “This represents a 263% year-over-year increase from $72 million of Bitcoin on our balance sheet at the end of December 2023.”
“We achieved this while keeping shareholder dilution among the lowest in the industry, with our total shares outstanding increasing only 51% over the same period to fund our growth.”
Despite facing significantly higher network difficulty, the company has maintained strong production levels while improving its infrastructure. HIVE’s hashrate has grown from 4.01 EH/s in 2023 to 6.0 EH/s by the end of 2024.
The company also reported its January Bitcoin productions a week ago, mining 102 BTC.
25 EH/s by September 2025 for Wall Street Bitcoin Miner
The company’s expansion plans in Paraguay are progressing, with a targeted increase in hashrate from 6 EH/s to 25 EH/s by September 2025. The growth strategy includes a 300-megawatt facility development, incorporating both new construction and the pending acquisition of the Yguazú site from Bitfarms Ltd.
At the end of 2024, the company announced its decision to move its headquarters from Vancouver, Canada, to San Antonio, Texas, signaling a strategic shift toward the U.S. market.
Aydin Kilic, President & CEO of HIVE
HIVE’s HPC business is also showing growth, achieving a $10 million annualized run rate. The company expects this segment to reach $20 million in run-rate revenue by the second quarter of 2025, driven by its NVIDIA H100 and H200 clusters deployment for AI model training services.
“Looking ahead to calendar 2025, we are excited to execute on a transformative year with a target to position HIVE as one the largest Bitcoin miners in the world,” Aydin Kilic, President & CEO, stated. “Our 300 MW expansion in Paraguay has an objective to drive a 4x increase in our hashrate from 6 EH/s to 25 EH/s by September, 2025.”
The company also maintained relatively low general and administrative expenses of $4.6 million, slightly up from $3.7 million in the previous year. HIVE’s financial position remains strong, with $270.7 million in combined cash and digital currencies at quarter-end.
I’m extremely inspired together with your writing abilities and also with the structure in your blog. Is this a paid topic or did you modify it yourself? Anyway stay up the excellent quality writing, it’s uncommon to see a nice weblog like this one today!
where can i get cheap clomid price cheap clomid without a prescription can i get cheap clomid tablets can i order clomid for sale can you get cheap clomiphene without a prescription where can i get generic clomid without dr prescription can you get clomiphene without insurance
Good blog you procure here.. It’s severely to espy strong quality article like yours these days. I truly comprehend individuals like you! Go through guardianship!!
order zithromax online cheap – order sumycin sale flagyl pill
semaglutide 14 mg brand – semaglutide 14 mg uk buy cyproheptadine without a prescription
motilium ca – buy flexeril 15mg without prescription flexeril generic
propranolol brand – buy inderal for sale methotrexate 5mg uk
buy clavulanate no prescription – https://atbioinfo.com/ acillin canada
nexium 20mg usa – https://anexamate.com/ order generic nexium
warfarin pill – https://coumamide.com/ buy hyzaar without prescription
buy generic mobic for sale – tenderness buy mobic 15mg sale
generic prednisone 5mg – corticosteroid prednisone 5mg for sale
erectile dysfunction medicines – https://fastedtotake.com/ ed pills otc
buy amoxicillin without prescription – combamoxi where can i buy amoxicillin
brand diflucan 100mg – buy fluconazole generic buy forcan pills
cenforce 50mg us – https://cenforcers.com/# buy cenforce cheap
comprar tadalafil 40 mg en walmart sin receta houston texas – what happens when you mix cialis with grapefruit? is tadalafil available in generic form
zantac 150mg drug – https://aranitidine.com/# ranitidine oral
difference between cialis and tadalafil – this cialis effect on blood pressure
This is the compassionate of writing I positively appreciate. https://gnolvade.com/
buy viagra in poland – https://strongvpls.com/# viagra buy south africa
I’ll certainly bring to review more. prednisone com
The thoroughness in this break down is noteworthy. https://ursxdol.com/prednisone-5mg-tablets/
This is a theme which is virtually to my verve… Many thanks! Faithfully where can I lay one’s hands on the phone details due to the fact that questions? https://prohnrg.com/product/omeprazole-20-mg/
I am in fact thrilled to gleam at this blog posts which consists of tons of profitable facts, thanks object of providing such data. https://aranitidine.com/fr/acheter-fildena/
More articles like this would make the blogosphere richer. https://ondactone.com/spironolactone/