HIVE has shown strong resilience in a challenging environment with significant expansion plans and a robust financial position, yet faces ongoing challenges from increased Bitcoin difficulty and the impact of the halving event.

Company Guidance

In the Q2 2025 earnings call for HIVE Digital Technologies, the company provided extensive guidance on various metrics and strategic initiatives. The company reported total revenue of $22.6 million, with $20.8 million from Bitcoin mining and $1.9 million from their High-Performance Computing (HPC) business. HIVE achieved a gross operating margin of $1.1 million despite challenging mining conditions post-Bitcoin halving, generating a respectable $5.6 million in adjusted EBITDA. They mined over 2,600 Bitcoin using green energy and maintained an annualized ROIC of 15%. HIVE aims to increase its hash rate from 5.6 exahash to 12.5 exahash by summer 2025, targeting 2% of the global Bitcoin network while expanding their operations in Paraguay. They anticipate increasing their annualized mining margin to $150 million by next summer, driven by Bitcoin's recent rise to $88,000. On the HPC front, HIVE projects annualized revenue of $20 million by Q1 2025 and $100 million by the end of 2025, bolstered by ongoing infrastructure developments and partnerships, including being an NVIDIA cloud partner for AI.

Record Bitcoin Price

Bitcoin reached a new all-time high of $88,000 as of November 11, which positively impacts the company's financial outlook.

Revenue and EBITDA

HIVE reported $22.6 million in total revenue with $5.6 million in adjusted EBITDA for the quarter ended September 30, 2024.

Expansion in Paraguay

HIVE has broken ground on a 100-megawatt expansion in Paraguay, which is expected to more than double production by summer 2025.

Positive Outlook for AI and HPC

HIVE's HPC business unit generated $1.9 million in revenue, with plans to scale to $20 million annualized revenue by calendar Q1 2025.

Strong Financial Position

HIVE has over 2,600 Bitcoin mined with green energy, with a HODL value of $165 million as of September 30, growing to $226 million as of November 11.

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HIVE Digital Technologies (HIVE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HIVE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 29, 2018	2018 (Q4)	- / -0.05	0.069	-165.00% (-0.11)	―	―
Aug 29, 2018	2019 (Q1)	- / -	0.069	―	―	―
Mar 01, 2019	2019 (Q3)	- / -0.60	0	―	―	―
Sep 29, 2019	2019 (Q4)	- / 0.07	-0.05	250.00% (+0.13)	―	―
Dec 02, 2019	2020 (Q1)	- / -0.15	-0.45	66.67% (+0.30)	―	―
Dec 02, 2019	2020 (Q2)	- / -	-0.417	―	―	―
Mar 03, 2020	2020 (Q3)	- / 0.05	-0.6	108.33% (+0.65)	―	―
Sep 14, 2020	2020 (Q4)	- / 0.02	0.052	-54.67% (-0.03)	―	―
Dec 01, 2020	2021 (Q2)	- / -	-0.104	―	―	―
Dec 01, 2020	2021 (Q1)	- / 0.12	-0.104	218.67% (+0.23)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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HIVE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 13, 2024	$5.24	$4.67	-10.88%
Aug 13, 2024	$2.79	$2.84	+1.79%
Jun 24, 2024	$2.93	$2.99	+2.05%
Feb 13, 2024	$3.86	$3.62	-6.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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