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These Two Wall Street Bitcoin Miners Defy Halving Odds with Higher Q2 Revenues
Two publicly-listed mining companies from Wall Street, HIVE Digital Technologies (NASDAQ: HIVE) and TeraWulf (NASDAQ: WULF) have reported robust financial results for the second quarter of 2024, showcasing their ability to navigate the challenges posed by the recent Bitcoin halving event. HIVE Digital Technologies announced quarterly revenue of $32.2 million, with $29.6 million from digital currency mining and $2.6 million from high-performance computing (HPC) operations. The company achieved an Adjusted EBITDA of $14.9 million and a net income of $4.2 million before tax. "Our strategy to only source mega chunks of ... (full story)
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- Posted: Aug 13, 2024 9:46am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 118
