Seeking Alpha
2022-02-15 13:46:38

HIVE Blockchain stock jumps as Q3 crypto mining revenue helped by higher prices

HIVE Blockchain (NASDAQ:HIVE) shares drift higher by 11.5% in premarket trading, as third-quarter cryptocurrency mining revenue continued to expand. Perhaps the current rebounds in bitcoin (BTC-USD +4.0%) and ethereum (ETH-USD +5.9%) are boosting HIVE's stock price as well. Q3 revenue from digital currency mining of $66.18M rose from $52.61M in the previous quarter, primarily due to an increase in crypto prices and more production of bitcoin (BTC-USD) as a result of the Quebec and Atlantic facility acquisition. Q3 gross mining margin of $61.65M also got boosted from $45.02M in Q2. Q3 gross margin ticked higher to 68% from 67% in the second quarter. Revaluation gain of digital currencies were $4.05M in Q3, down from $18.01M in Q2. Note revaluation is calculated as the change in value (gain or loss) on the coin inventory. Q3 adjusted EBITDA of $77.60M gained from $52.30M in Q2. Moreover, the company's "modest equity funding's were done at

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约