HIVE Digital Technologies reports strong quarter with $17.3M adjusted EBITDA, while growing its Bitcoin holdings to 2,805 BTC.
The company is aiming to increase hashrate from 6 EH/s to 25 EH/s by September 2025.
The
publicly listed Wall Street Bitcoin (BTC) miner HIVE Digital Technologies (NASDAQ:
HIVE) reported fourth-quarter revenue of $29.2 million and adjusted EBITDA of
$17.3 million. While the numbers are slightly lower than in the same period a
year ago, the company significantly expanded its Bitcoin holdings to 2,805
tokens valued at $260.8 million.
HIVE Digital’s Bitcoin
Holdings Surge Past $260 Million
The
cryptocurrency mining company posted a net income of $1.3 million for the
quarter ended December 31, 2024, marking an improvement from a $7.0 million
loss in the same period last year. The company's digital currency mining
operations generated $26.7 million in revenue, while its growing
high-performance computing (HPC) segment contributed $2.5 million.
Frank Holmes, Executive Chairman of HIVE
“We ended calendar year 2024 with a record
Bitcoin HODL of 2,805 Bitcoin valued at over $260 million,” Frank Holmes,
HIVE’s Executive Chairman, stated. “This represents a 263% year-over-year
increase from $72 million of Bitcoin on our balance sheet at the end of
December 2023.”
“We
achieved this while keeping shareholder dilution among the lowest in the
industry, with our total shares outstanding increasing only 51% over the same
period to fund our growth.”
Despite
facing significantly higher network difficulty, the company has maintained
strong production levels while improving its infrastructure. HIVE’s hashrate
has grown from 4.01 EH/s in 2023 to 6.0 EH/s by the end of 2024.
The company also reported its January Bitcoin productions a week ago, mining 102 BTC.
25 EH/s by September 2025 for Wall Street Bitcoin Miner
HIVE's HPC
business is also showing growth, achieving a $10 million annualized run rate.
The company expects this segment to reach $20 million in run-rate revenue by
the second quarter of 2025, driven by its NVIDIA H100 and H200 clusters
deployment for AI model training services.
"Looking ahead to calendar 2025, we are excited
to execute on a transformative year with a target to position HIVE as one the
largest Bitcoin miners in the world,” Aydin Kilic, President & CEO, stated.
“Our 300 MW expansion in Paraguay has an objective to drive a 4x increase in
our hashrate from 6 EH/s to 25 EH/s by September, 2025.”
The company
also maintained relatively low general and administrative expenses of $4.6
million, slightly up from $3.7 million in the previous year. HIVE's financial
position remains strong, with $270.7 million in combined cash and digital
currencies at quarter-end.
The
publicly listed Wall Street Bitcoin (BTC) miner HIVE Digital Technologies (NASDAQ:
HIVE) reported fourth-quarter revenue of $29.2 million and adjusted EBITDA of
$17.3 million. While the numbers are slightly lower than in the same period a
year ago, the company significantly expanded its Bitcoin holdings to 2,805
tokens valued at $260.8 million.
HIVE Digital’s Bitcoin
Holdings Surge Past $260 Million
The
cryptocurrency mining company posted a net income of $1.3 million for the
quarter ended December 31, 2024, marking an improvement from a $7.0 million
loss in the same period last year. The company's digital currency mining
operations generated $26.7 million in revenue, while its growing
high-performance computing (HPC) segment contributed $2.5 million.
Frank Holmes, Executive Chairman of HIVE
“We ended calendar year 2024 with a record
Bitcoin HODL of 2,805 Bitcoin valued at over $260 million,” Frank Holmes,
HIVE’s Executive Chairman, stated. “This represents a 263% year-over-year
increase from $72 million of Bitcoin on our balance sheet at the end of
December 2023.”
“We
achieved this while keeping shareholder dilution among the lowest in the
industry, with our total shares outstanding increasing only 51% over the same
period to fund our growth.”
Despite
facing significantly higher network difficulty, the company has maintained
strong production levels while improving its infrastructure. HIVE’s hashrate
has grown from 4.01 EH/s in 2023 to 6.0 EH/s by the end of 2024.
The company also reported its January Bitcoin productions a week ago, mining 102 BTC.
25 EH/s by September 2025 for Wall Street Bitcoin Miner
HIVE's HPC
business is also showing growth, achieving a $10 million annualized run rate.
The company expects this segment to reach $20 million in run-rate revenue by
the second quarter of 2025, driven by its NVIDIA H100 and H200 clusters
deployment for AI model training services.
"Looking ahead to calendar 2025, we are excited
to execute on a transformative year with a target to position HIVE as one the
largest Bitcoin miners in the world,” Aydin Kilic, President & CEO, stated.
“Our 300 MW expansion in Paraguay has an objective to drive a 4x increase in
our hashrate from 6 EH/s to 25 EH/s by September, 2025.”
The company
also maintained relatively low general and administrative expenses of $4.6
million, slightly up from $3.7 million in the previous year. HIVE's financial
position remains strong, with $270.7 million in combined cash and digital
currencies at quarter-end.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
How Ripple Pulled Off the Year’s Biggest Crypto Raise While XRP Tumbled 40%
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Fail Better Trading Tech to Tackle Industry Risks
Fail Better Trading Tech to Tackle Industry Risks
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
