HIVE Blockchain Technologies Ltd (HIVE)

[TheShadow]

Lions and Tigers and Bitcoin Bears...OH MY!!!

Fiscal Year 2022 Highlights

Generated revenue of $211.2 million, with a gross mining margin[1] of $163.9 million
Mined 2,368 Bitcoin and 32,397 Ethereum equivalent from GPU hashrate (including 31,840 Ethereum) during the year ended March 31, 2022
Earned net income of $79.6 million for the year
Working capital increased by $76.5 million during the year ended March 31, 2022
Digital currency assets of $170.0 million, as at March 31, 2022


“Fiscal 2022 was an incredible year for HIVE. Despite the effects of COVID-19 such as global logistics and inflation we have achieved record results on a per share basis and continued to increase our Ethereum and Bitcoin mining capacity, without taking risks to stake our BTC or ETH to earn a yield on our assets,” said Frank Holmes, Executive Chairman of HIVE. Mr. Holmes added “We are also proud that during the year we were able to pay down our debt by over $5.5 million.”

HIVE Achieves Record Annual Revenue