HIVE Digital Technologies Ltd. Reports Strong Second Quarter FY2025 Financial Results: $22.6 Million in Revenue, $5.6 Million Adjusted EBITDA, and Growth in Bitcoin Holdings to 2,604
Positive Revenue maintained at $22.6M despite Bitcoin halving
Bitcoin holdings doubled year-over-year to 2,604 BTC
Hashrate increased 14% to 5.6 EH/s
Net loss improved significantly from $22.9M to $7.3M year-over-year
SG&A expenses reduced by 5% year-over-year to $3.4M
HPC revenue grew 8x compared to previous year
Negative Net loss of $7.3M in Q2
Low gross operating margin of 5% ($1.2M)
Negative corporate margin of $2.2M
New $200M ATM program may lead to potential shareholder dilution
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