HIVE Digital Technologies (TSE:HIVE) has released an update.
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HIVE Digital Technologies reported strong financial results for the second quarter of FY2025, with $22.6 million in revenue and $5.6 million in adjusted EBITDA, reflecting robust growth in its digital mining and high-performance computing sectors. The company successfully expanded its Bitcoin holdings to 2,604 units, despite the challenges from the Bitcoin Halving. HIVE’s strategic expansions, including a new 100 MW project in Paraguay, aim to double its mining capacity, positioning it well for future growth in the blockchain and digital asset markets.
For further insights into TSE:HIVE stock, check out TipRanks’ Stock Analysis page.
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