- HIVE Blockchain Technologies press release ( NASDAQ: HIVE ): Q3
- Revenue of $14.3M (-51.7% Q/Q) misses by $0.04M , by mining 787 Bitcoin, with a 25% gross mining margin.
- HIVE achieved a gross mining margin of $3.6M for the quarter, a 77% decrease over the prior quarter of $15.9M.
- The company notes that HIVE's production of 787 Bitcoin this quarter represents an increase of 13% Y/Y.
- HIVE's average cost of production per Bitcoin was $13,599 for the quarter ending December 31, 2022.
- Adjusted EBITDA of $1.5M for the three-month period.
For further details see:
HIVE Blockchain Technologies reports Q3 results