HIVE Digital Technologies: Third Quarter Financial Results Overview
HIVE Digital Technologies Reports $90.6 Million Loss in Fiscal Q3
HIVE Digital Technologies Ltd., headquartered in San Antonio, announced on Monday that it recorded a net loss of $90.6 million for its fiscal third quarter.
The company reported a loss of 38 cents per share. When excluding one-time expenses, the adjusted loss was 18 cents per share.
These figures were below analysts’ expectations. According to a survey by Zacks Investment Research involving four analysts, the anticipated loss was 7 cents per share.
HIVE, which specializes in cryptocurrency mining, generated $93.1 million in revenue during the quarter. This result also missed projections, as analysts surveyed by Zacks had forecasted revenue of $98.7 million.
Article created by Automated Insights using data from Zacks Investment Research.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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