CryptoBearishThe Block · 3h ago6/10
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HIVE reports 158% jump in annual revenue to $298 million as bitcoin holdings fall to 150 BTC
HIVE Blockchain Technologies reported a 158% increase in annual revenue to $298 million, but the company simultaneously reduced its bitcoin holdings from 481 BTC to 150 BTC in the last quarter while experiencing a 23.9% decline in mining revenue. This mixed financial performance reflects broader challenges in the bitcoin mining sector amid fluctuating crypto market conditions.
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