HIVE Digital Technologies posted annual revenue of $297.8 million, a record for the Bitcoin miner. The company also mined nearly 2,900 Bitcoin last year while its treasury holdings fell to 150 Bitcoin.
HIVE Digital Technologies reported the revenue figure after a quarterly drop of 331 Bitcoin from its holdings. The company now holds 150 Bitcoin in its treasury. HIVE is racing to build what it calls Canada's largest private AI data center. The move comes as the firm seeks to power an expected boom in artificial intelligence demand. The results highlight a shift for the Bitcoin miner toward diversified revenue streams beyond cryptocurrency production alone.
