Hive Digital Technologies’ stock surged by 7.5% following the announcement of $87.3 million in Q2 revenue, a 285% year-over-year growth. Their Bitcoin mining activities generated $82.1 million, with a 77% increase in BTC production despite a challenging environment.
In addition to impressive earnings, Hive announced a strategic partnership with Dell. This deal aims to bolster Hive’s ambitions in AI, demonstrating a shift in focus while maintaining a strong position within Bitcoin mining.
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