HIVE Digital Technologies Ltd. (HIVE) Q1 2025 Earnings Call Transcript
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) CEO Aydin Kilic credited the company's foresight in navigating the recent Bitcoin halving event as it released its fiscal 1Q results showing strong operating margins. The company's Bitcoin Halving strategy saw it procure 7,000 Bitmain S21 AntMiners and 2,500 Bitmain S21 Pro AntMiners, to increase its installed hashrate to 5.5 EH/s with a global fleet efficiency of 24.5 J/TH.
HIVE Digital Technologies (HIVE) came out with a quarterly loss of $0.08 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.18 per share a year ago.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE)' finance chief Darcy Daubaras joined Proactive to discuss the company's latest achievements and strategic plans. He highlighted a 2% increase in Bitcoin holdings with 116 Bitcoin produced in July.
HIVE Digital Technologies (HIVE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced it increased its Bitcoin holdings by 2% in July. During the month it produced 116 Bitcoin, or an average of 3.7 Bitcoin per day, bringing the total Bitcoin on its balance sheet to 2,533.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announces a 100 MW digital asset mining operation in Paraguay, utilizing green energy from the Itaipu hydroelectric dam. The move is part of HIVE's plans to enhance its global mining capabilities, according to a statement from the company.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced that it plans to construct a 100 megawatt digital asset mining operation in Paraguay, which will utilize clean energy sourced from the Itaipu hydroelectric dam. HIVE's executive chairman Frank Holmes said the opportunity is expected to add up to an additional 6.5 Exahash per second (EH/s) to its Bitcoin mining operations, increasing its global EH/s to 12.1 EH/s.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chairman Frank Holmes talked with Proactive about the company's latest updates for June. Holmes discussed the consistency and reliability of HIVE's production numbers, highlighting that the company grew its Bitcoin holdings by 2% month over month.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) reported a 2% increase in its bitcoin holdings after mining 119 of the digital coins in June and said it was expecting its order of new miners to arrive and be installed by the end of the month. The green energy-powered blockchain specialist said it had a total of 2,496 bitcoin on its balance sheet, up from 2,377 at the end of the prior month.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has made significant strides in the cryptocurrency mining sector, as executive chairman Frank Holmes recently shared in an exclusive interview with Proactive. Highlighting the company's performance in May 2024, Holmes discussed Hive's achievement of mining 119 Bitcoin during the month, marking a 3% increase in its Bitcoin holdings to a total of 2,451 BTC.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chair Frank Holmes told investors the company had successfully navigated the recent ‘Bitcoin Halving' event, which was its second. The ‘halving' is a hard-coded feature of Bitcoin that occurs approximately every four years (strictly speaking it happens after every 210,000 new bitcoin blocks are created).