HIVE Blockchain Reports $90m Loss in Q4 2022 amid Lower Bitcoin Prices
<p>HIVE Blockchain Technologies Ltd. (<a href=”https://www.financemagnates.com/tag/hive-blockchain-technologies/” target=”_blank” rel=”follow”>TSX:HIVE</a>), a publicly-listed <a href=”https://www.financemagnates.com/terms/c/crypto-mining/” class=”terms__main-term” id=”b7de0d78-81b9-460d-b33d-311d7d0dff0e” target=”_blank”>crypto mining</a> company, has published a quarterly report for the three-month period ended 31 December 2022, showing a significant decrease in digital currency production revenue of 51.6% year-over-year (YoY) to $14.1 million.</p><p>HIVE Reports Q4 Financials</p><p>According to Tuesday’s press release, Ethereum’s ‘The Merge’, prolonged cryptocurrency winter, rising mining difficulty and tumbling crypto prices were among the main reasons for the sharp yearly decrease in quarterly revenue.</p><p>HIVE was able to mine 787 BTC in the reported period, rising 13% YoY. In January, the publicly-listed miner <a href=”https://www.financemagnates.com/cryptocurrency/hive-blockchain-increases-its-bitcoin-production-mines-4752-btc-in-2022/” target=”_blank” […]
https://cryptogator.co/2023/02/22/hive-blockchain-reports-90m-loss-in-q4-2022-amid-lower-bitcoin-prices-7/
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