Canadian mining and technology company HIVE Digital Technologies recorded record revenue of $93.1 million in the third fiscal quarter, marking a 219% year-on-year increase. This growth came despite a roughly 10% quarterly decline in Bitcoin prices and a 15% increase in network difficulty, which pressured miner margins industry-wide following the 2024 halving.
Gross operating margin grew more than sixfold year-on-year to $32.1 million, representing approximately 35% of revenue. During the qu