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Canadian BTC Miner HIVE's Revenue Halves from Record High

HIVE Blockchain Technologies Limited, the Canada-based publicly-traded company that mines pioneer cryptocurrency, Bitcoin, saw its revenue plunge by roughly 50% at the end of its 2023 fiscal year ended March 31. The Nasdaq-listed firm’s revenue came in at $106.3 million, tumbling from a record-high of $211 million from the previous fiscal year.HIVE, which released the latest financial performance figures today (Friday), said the sharp decline is “primarily due to the fall in the Bitcoin price an... Read More

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Posted: Jun 30 2023, 15:30

Author Name: financemagnates

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