The general public record of Wall Road Bitcoin (BTC) Miner Hive Digital Applied sciences (Nasdaq: Hive) reported revenues of the fourth quarter of $ 29.2 million and adjusted Ebitda of $ 17.3 million. Though the numbers are barely decrease than in the identical interval a yr in the past, the corporate considerably expanded its Bitcoin holdings to 2,805 tokens valued at $ 260.8 million.
The cryptocurrency mining firm recorded a internet earnings of $ 1.3 million for the quarter ending on December 31, 2024, marking an enchancment of a lack of $ 7.0 million in the identical interval final yr. The corporate’s digital forex operations of the corporate generated $ 26.7 million in revenues, whereas their rising excessive -performance pc science (HPC) section contributed $ 2.5 million.
Frank Holmes, government president of Hive
“We completed the yr 2024 with a Bitcoin Hodl file of two,805 bitcoin valued at greater than $ 260 million,” stated Frank Holmes, government president of Hive. “This represents a rise of 263% yr after yr of $ 72 million of Bitcoin in our basic steadiness on the finish of December 2023”.
“We achieved this whereas we keep the dilution of the shareholders among the many lowest within the trade, with our whole actions in circulation, rising solely 51% throughout the identical interval to finance our development.”
Regardless of dealing with a considerably increased community issue, the corporate has maintained robust manufacturing ranges whereas bettering its infrastructure. Hive hashrate has grown from 4.01 eh/s in 2023 to six.0 EH/SA late 2024.
The corporate additionally reported its January Bitcoin productions every week in the past, Mining 102 BTC.
25 eh/s for September 2025 for Wall Road Bitcoin Miner
The corporate’s growth plans in Paraguay are progressing, with a selected improve within the hashrate of 6 EH/SA 25 EH/s for September 2025. The expansion technique features a improvement of the set up of 300 megawatts, which includes new constructions and the pending acquisition of the Yguazú web site of Bitfarms Ltd.
On the finish of 2024, the corporate introduced its resolution to switch its headquarters of Vancouver, Canada, to San Antonio, Texas, indicating a strategic change in the direction of the US market.
Aydin Kilic, president and CEO of Hive
HPC’s enterprise additionally exhibits development, attaining an annualized execution fee of $ 10 million. The corporate expects this section to succeed in $ 20 million in execution fee revenues for the second quarter of 2025, promoted by its implementation of NVIDIA H100 and H200 teams for coaching companies Mannequin AI.
“Trying in the direction of the 2025 calendar, we’re excited to execute a transformative yr with a purpose to place Hive as one of many world’s largest bitcoin miners,” stated Aydin Kilic, president and CEO.
The corporate additionally maintained comparatively low basic and administrative bills of $ 4.6 million, a bit greater than $ 3.7 million within the earlier yr. Hive’s monetary place stays robust, with $ 270.7 million in mixed money and digital currencies on the finish of the quarter.
