HIVE Blockchain Technologies FY Revenue $114.5M, Up 8% YoY, Net Loss Of $(51.2)M
Portfolio Pulse from Benzinga Newsdesk
HIVE Blockchain Technologies reported a fiscal year revenue of $114.5 million, marking an 8% year-over-year increase. However, the company also reported a net loss of $51.2 million.
June 25, 2024 | 7:13 am
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HIVE Blockchain Technologies reported a fiscal year revenue of $114.5 million, an 8% increase from the previous year. Despite the revenue growth, the company faced a significant net loss of $51.2 million.
While the revenue growth is a positive indicator, the substantial net loss of $51.2 million is likely to weigh heavily on investor sentiment, potentially leading to a short-term decline in the stock price.
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IMPORTANCE 80
RELEVANCE 100