Hive Blockchain Q3 Revenue Jumps Fivefold From Previous Year

Hive Blockchain Q3 Revenue Jumps Fivefold From Previous Year
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Hive Blockchain Q3 Revenue Jumps Fivefold From Previous Year

Crypto miner Hive Blockchain said fiscal third-quarter revenue surged almost 400% to a record $68.2 million compared with the year-earlier period.

  • Net income from continuing operations jumped to $64.2 million in the quarter ended Dec. 31, from $17.2 million the year before.
  • The gain was driven by an increase in cryptocurrency prices, the company said in a statement, as well as the acquisition of facilities in Quebec and Atlanta.

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