Hive Digital, a data center infrastructure provider, reported $29.2 million in revenue for Q4 2024, fueled by record Bitcoin reserves and growth in high-performance computing (HPC). This quarter, the HPC business alone contributed $2.5 million, setting an annualized run rate of $10 million. Overall, the company's adjusted earnings reached $17.3 million, with a net income of $1.3 million. Hive mined 322 Bitcoin, increasing its hodl position to 2,805 BTC, valued at $260.8 million. The company's Bitcoin holdings have surged by 263% since December 2023. Hive ended the quarter with $270.7 million in cash and crypto holdings. The CEO emphasized this hodl strategy as a way to give investors exposure to Bitcoin. Additionally, Hive is strategically diversifying into artificial intelligence and HPC, repurposing GPUs for AI tasks, and expanding its facilities in Paraguay. Despite challenges in the Bitcoin mining sector, Hive remains one of the largest mining operations with a sustained focus on profitability and growth.

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