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HIVE Digital’s Bitcoin Reserves Surge 263% 🚀
HIVE Digital Technologies saw its shares rise 2.57% after reporting strong Q3 FY2025 results. The company generated $29.2M in revenue, fueled by Bitcoin mining and high-performance computing (HPC) services.
🔹 322 BTC mined this quarter
🔹 Bitcoin holdings now at 2,805 BTC ($260M value)
🔹 HPC revenue hit $2.5M, with a $10M annualized run rate
🔹 $1.3M net income vs. $7M loss last year
HIVE is expanding its Paraguay mining site, targeting 25 EH/s by September with a 200 MW facility. The first phase, 80% complete, is set to go live in Q2, adding 6 EH/s.
🔥 With record BTC reserves and strategic expansion, HIVE is positioning itself for massive growth!
#Bitcoin #CryptoMining #HIVEDigital