HIVE Blockchain Technologies Clocks 63.9% YoY Revenue Decline To $18.22M, Net Loss Of $(7.0)M
Portfolio Pulse from Benzinga Newsdesk
HIVE Blockchain Technologies reported a 63.9% YoY decline in revenue to $18.22M, with a net loss of $7.0M.
June 30, 2023 | 7:43 am
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NEGATIVE IMPACT
HIVE Blockchain Technologies reported a significant decline in revenue and a net loss, which could negatively impact the stock price.
HIVE Blockchain Technologies' significant decline in revenue and reported net loss are negative indicators for the company's financial health. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100