HIVE reports 158% revenue jump, cuts bitcoin holdings

HIVE Digital reported a remarkable 158% surge in annual revenue, reaching $298 million. This growth occurred despite a significant reduction in its Bitcoin holdings, which fell from 481 BTC to 150 BTC over the last quarter. The company also experienced a 23.9% decrease in its Bitcoin mining revenue during the same period. The strategic shift in holdings and revenue streams suggests a potential adjustment in HIVE's approach to managing its digital asset portfolio and operational focus.