HIVE Digital Technologies, a Canadian crypto mining firm, saw its shares climb 2.57% on Wednesday after reporting strong third-quarter results for fiscal year 2025. In a Tuesday press release, the Vancouver-based company announced total revenue of $29.2 million, fueled by Bitcoin (BTC) mining and high-performance computing services.
During the quarter, HIVE mined 322 BTC, increasing its total crypto holdings to 2,805 BTC, valued at $260 million. This marks a 263% surge from 2024, which executive chairman Frank Holmes called a “record” achievement.
