HIVE Digital Technologies (TSE:HIVE) has released an update.
HIVE Digital Technologies Ltd. has reported a successful first quarter with a revenue of $32.2 million, a significant portion of which came from mining 449 Bitcoin and leveraging its high-performance computing operations. The company has also strategically navigated the recent Bitcoin Halving, resulting in an Adjusted EBITDA of $14.9 million. Looking ahead, HIVE plans to expand its green energy-powered operations and increase its Bitcoin mining capacity, maintaining strong financial performance and operational efficiency.
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