Cryptocurrency mining company HIVE Digital reported a net loss of $51.2 million for the fiscal year 2024, with revenue increasing by 8% year-on-year

ChainCatcher news, cryptocurrency mining company HIVE Digital Technologies announced an 8% year-over-year increase in revenue, reaching $114.5 million, which is about $2.7 million higher than analysts' expectations.

HIVE's net loss for the fiscal year 2024 was $51.2 million, compared to a net loss of $236.4 million in the previous year. As of March 31, 2024, the company held 2,287 bitcoins, currently valued at $141 million.

Previous news, cryptocurrency mining company HIVE Digital completed a $21.78 million private placement financing.