HIVE ANNOUNCES RECORD QUARTERLY REVENUE OF $68 MILLION UP ~400% FROM THE SAME QUARTER LAST YEAR

NASDAQ: HIVE, TSX.V: HIVE

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  • Macro Overview, Executive Chairman Frank Holmes

    • Revenue rose to $68.2 million, up 397% since the same quarter last year.
    • Hive’s combined liquid BTC and ETH had a gross value of $168 million up 11x from $15 million a year ago ended December 31, 2020.

  • Operational Update, President & COO Aydin Kilic

    • HIVE has completed 119 MW of infrastructure today in New Brunswick, Quebec, Sweden, and Iceland.
    • HIVE has a gross mining margin of 90%.
    • Hashrate growth today: BTC Mining of 1.9 Exahash, ETH Mining of 4.5 Terahash.

  • Quarterly Highlights, CFO Darcy Daubaras

    • Generated revenue from digital currency mining of $68.2 million, with a gross mining margin of $61.7 million.
    • Mined 697 Bitcoin and over 7,126 Ethereum during the period ended December 31, 2021.
    • Earned net income of $64.2 million for the period.

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HIVE Blockchain Share Performance (NASDAQ: HIVE)

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