HIVE Digital Technologies Ltd. has released its financial results for the full fiscal year ended March 31, 2025, highlighting significant achievements in its business.
FY2025 Financial Highlights
HIVE Digital Technologies Ltd. reported:
* Total Revenue: $115.3 million from digital currency mining and high-performance computing. * Digital Currency Mining Revenue: $105.2 million, a decrease of 5.2% year-over-year mainly due to the April 2024 Bitcoin halving and increased hash rate difficulty. * HPC/AI Revenue: $10.1 million, representing approximately 3x year-over-year growth. * Bitcoin Production: 1,414 bitcoins mined during the fiscal year. * Gross Operating Margins: $25.1 million or 21.8%.
Management Insights
Frank Holmes, Co-Founder and Executive Chairman of HIVE, commented: "In Fiscal 2025, we continued our track record of disciplined growth. We expanded our operational hashrate..."
Aydin Kilic, President & CEO of HIVE, stated: "The foundation we set in Fiscal 2025 has opened the door to what management believes will be the most transformative chapter in HIVE’s history."
Q4 FY2025 Financial Highlights
In Q4 FY2025 HIVE reported the following financial results:
* Total Revenue: $31.2 million. * Digital Currency Mining Revenue: $28.1 million, up 5.5% sequentially. * G&A: $5.3 million. * Bitcoin Production: 303 bitcoins, down 6% sequentially.
HIVE Digital Technologies continues to show growth amidst strong market competition by implementing innovations and expanding its service capabilities.
