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RETRANSMISSION: HIVE Achieves FY2025 Total Revenue of $115.3 Million and $56.2 Million Adjusted EBITDA with 1,414 Bitcoin Mined and 3x Growth in AI GPU Revenue
This news release constitutes a "designated news release" for the purposes of the Company's amend...
About this update from Hive Digital Technologies Ltd
[{"type":"text","content":"RETRANSMISSION: HIVE Achieves FY2025 Total Revenue of $115.3 Million and $56.2 Million Adjusted EBITDA with 1,414 Bitcoin Mined and 3x Growth in AI GPU RevenueThis news release constitutes a \"designated news release\" for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - June 26, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the \"Company\" or \"HIVE\"), a global leader in sustainable data center infrastructure, announces its results for the full year ended March 31, 2025 (all amounts in US dollars, unless otherwise indicated).FY2025 Financial Highlights:Total Revenue: $115.3 million, from digital currency mining and high-performance computing (HPC) hosting services.Digital currency mining revenue: $105.2 million, down 5.2% year-over-year mainly due to the April 2024 Bitcoin Halving and increased hash rate difficulty, mostly offset by 40% higher digital currency mining hashrate (from 4.5 EH/s at end of March 2024 to 6.3 EH/s at end of March 2025) and higher Bitcoin prices.HPC/AI Cloud Revenue: $10.1 million, representing approximately 3x growth year-over-year ($3.4 million FY2024), mainly due to expansion of GPU fleet earning AI Compute revenue, driven by strong demand for high-performance computing markets.Bitcoin Production: Mined 1,414 Bitcoin during the fiscal year, which contributed to HIVE's HODL position.Gross Operating Margins: $25.1 million in gross operating margin or 21.8%.G&A: $16.6 million, up from $13.2 million in FY2024 primarily as a result of increased staff to support HIVE's global expansion in digital currency mining, particularly in Paraguay (representing 3x growth from 140 megawatts (\"MW\") to 440 MW of digital asset infrastructure), and the growth of its BUZZ HPC business (with the number of GPUs growing to over 5,000).Net Income: US GAAP net loss of $3.0 million.Adjusted EBITDA1: $56.2 million in Adjusted EBITDA or 48.7% of total revenue.Digital Assets: Total digital currency assets valued at $181.1 million at the ended the fiscal year on March 31, 2025, including 2,201 Bitcoin. Management InsightsFrank Holmes, Co-Founder and Executive Chairman of HIVE, commented, \"In Fiscal 2025, we continued our track recor...