HIVE Digital Technologies swings to a profit in Q3 as it grows revenue and Bitcoin holdings
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HIVE Digital Technologies reported a profitable fiscal third quarter, with revenue of $29.2 million, driven by digital currency mining and high-performance computing services.
February 12, 2025 | 2:00 pm
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HIVE Digital Technologies reported a strong fiscal third quarter with a profit, driven by $29.2 million in revenue from digital currency mining and HPC services.
The company's swing to profitability and strong revenue growth, particularly in digital currency mining, is likely to positively impact its stock price in the short term. The results indicate operational efficiency and successful business strategies.
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