Bitcoin miner Hive reports record revenue as hashrate expands despite $91 million net loss tied to accelerated depreciation

• The company’s loss was driven by accelerated depreciation related to its Paraguay expansion and non-cash revaluation adjustments.

Article Summaries:

• The company’s loss was driven by accelerated depreciation related to its Paraguay expansion and non-cash revaluation adjustments.

Sources:

• https://www.theblock.co/post/390156/bitcoin-miner-hive-reports-record-revenue-as-hashrate-expands-despite-91-million-net-loss-tied-to-accelerated-depreciation?utm_source=rss&utm_medium=rss