HIVE Blockchain Technologies (TSE:HIVE) has released an update.
HIVE Blockchain Technologies reported a strong fiscal year with $114.5 million in revenue and an Adjusted EBITDA of $37.5 million, alongside mining 3,123 Bitcoin. The company’s balance sheet boasts 2,287 Bitcoin, valued at $161.3 million, mined through environmentally friendly operations. Despite a net loss of $51.2 million due to depreciation and other charges, HIVE highlighted a comprehensive income of $25.0 million and stressed their commitment to transparency in financial reporting.
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