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Hive Digital clocks 29.2 million USD in Q3 revenue as Bitcoin hodl position surges

In Q3 2024, Hive Digital achieved revenues of 29.2 million USD, with adjusted earnings reaching 17.3 million USD. The firm’s cash and crypto holdings amounted to 270.7 million USD, affirming its financial stability.

Hive’s Bitcoin holdings surged to 2,805 BTC, reflecting a significant increase from the previous year. The company plans to pivot towards AI, potentially enhancing revenue beyond traditional crypto mining.

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