HIVE Digital Technologies Ltd (TSX:HIVE)

Q3 2025 HIVE Digital Technologies Ltd Earnings Call Transcript

Feb 12, 2025 / 01:30 PM GMT

Release Date Price: C$3.93 (+0.26%)

Transcript

Key Points

Positve

HIVE Digital Technologies Ltd (HIVE) reported $29 million in revenue with a 21% operating margin for the quarter.
The company has 2,805 Bitcoin on the balance sheet, mined with green and clean energy, and unencumbered by debt.
HIVE achieved an annualized ROIC of 37% this quarter, leading the industry.
The company plans to expand its mining hash rate from 6 to 25X by September 2025, enhancing its operating capacity.
HIVE is leading the industry in growth for calendar 2025, with a 4X increase in hash rate expected.

Negative

The gross mining margin decreased to 21% from 36% in the same quarter last year, impacted by the Bitcoin halving event.
HIVE's revenue of $29.2 million was slightly lower than the previous year's quarter of $31.3 million.
The company reported a net loss of $0.03 per share for the nine months ended December 31, 2024.
HIVE's gross operating margin decreased to 21% in the most recent quarter compared to 36% in the prior year.
The company faces challenges in maintaining low SG&A expenses while scaling operations significantly.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HIVE.V - HIVE Digital Technologies Ltd
Q3 2025 HIVE Digital Technologies Ltd Earnings Call
Feb 12, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to today's webcast on Hive digital technologies financial results for the quarter ended December 31, 2024. My name's Nathan Fast. I'm the director of marketing and branding at Hive, and I'll be your moderator for today's call.

Before we get started on slide 2, I would like to briefly note the disclosures for today's presentation. Except for statements of historical fact, this presentation contains forward-looking information within the meaning of the applicable Canadian and US securities regulations. These forward-looking statements are based on expectations, estimates, and assumptions as of the date of this presentation. Further, In addition to discussing results that are calculated in accordance

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