HIVE Blockchain Technologies reports FQ4 results

HIVE Blockchain Technologies (OTCQX:HVBTF): FQ4 GAAP EPS of $0.00.

Income from digital currency mining of $3.08M (-50.2% Y/Y)

Gross Mining Margin of 54%

“During the fiscal year, we assumed direct responsibility for our cryptocurrency mining operations from our former strategic partner and subsequently reduced significantly the direct cost structure of these operations, including at our flagship Ethereum mining facility in Sweden and, subsequent to fiscal year end, at our smaller Ethereum mining facility in Iceland,” said Frank Holmes, Interim Executive Chairman of HIVE.

Press Release

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.