HIVE Digital Technologies Ltd. reported its financial results for the third quarter of fiscal year 2025, which ended December 31, 2024. The company announced revenue of US$29.2 million for the quarter, representing a 6.5% decrease compared to the same period in the previous year.
Despite the year-over-year revenue decline, HIVE's reported revenue for the quarter topped analyst estimates. The company recorded a loss for the quarter, indicating ongoing challenges in profitability.
The reported loss for the quarter indicates ongoing challenges in achieving profitability, despite the revenue exceeding analyst expectations. HIVE continues to focus on its strategic initiatives to enhance operational efficiency and expand its high-performance computing segment to improve future financial outcomes.
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