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

Odaily News Data center infrastructure provider Hive Digital reported higher earnings and revenue in the final quarter of 2024, helped by record highs in its Bitcoin reserves and expanding high-performance computing (HPC) business.
Hive’s revenue from crypto mining and HPC hosting services reached $29.2 million in the quarter ended Dec. 31. Its HPC business generated $2.5 million in quarterly revenue, an annualized run rate of $10 million.
The company had adjusted earnings of $17.3 million and net income after taxes of $1.3 million.
Hive mined 322 BTC in the quarter, increasing its “holding” position to 2,805 BTC. As of the end of the quarter, the value of BTC on its books was $260.8 million, a year-on-year increase of 263%.
Among publicly traded companies, Hive is one of the world’s 15 largest Bitcoin holders, according to industry data. According to Hive CFO Darcy Daubaras, the company ended the quarter with $270.7 million in cash and cryptocurrencies. (Cointelegraph)