CA - HIVE Blockchain Technologies reports mixed FQ1 earnings

2023-08-11 01:24:00 ET

• HIVE Blockchain Technologies press release ( NASDAQ: HIVE ): FQ1 GAAP EPS of -$0.19 misses by $0.05 .
• Revenue of $23.6M (-46.6% Y/Y) beats by $0.67M.
• Mined 834 Bitcoin during the three-month period ended June 30, 2023.
• Adjusted EBITDA of $5.3 million for the three-month period.
• Working capital decreased by $8.3 million during the three-month period ended June 30, 2023.
• Digital currency assets of $59.5 million, as at June 30, 2023.
• Average cost of production per Bitcoin was $18,687, where the average Bitcoin price was $28,422, during the three-month period ended June 30, 2023.

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