HIVE revenue up 158% to $298M; bitcoin holdings 150 BTC

HIVE Blockchain Technologies reported annual revenue of $298 million, a 158% year-over-year increase, in its most recent annual filing. The company’s audited financial statements showed it held 150 BTC on the balance sheet at the reporting date.

The revenue figure represents sales and services recorded during the reporting period, primarily from the sale of mined digital assets and related offerings. HIVE presented the totals in its audited annual financial statements that accompanied the regulatory filing.

On the balance sheet, HIVE disclosed a quantity of 150 BTC but did not provide a market-value line item for those coins in the summary figures. The filing separated operating results from the company’s digital-asset inventory and reflected a higher top line alongside a reduced bitcoin balance compared with previously disclosed levels.

The annual report did not explain the drivers of the decline in bitcoin holdings or specify how many coins were mined versus sold during the year. It included standard financial statements and notes that describe the company’s accounting policies for revenue recognition and digital-asset measurement.

HIVE operates large-scale data centers that run mining hardware and provide blockchain infrastructure. The company records revenue when mined tokens are sold, and the filing described operational scale and capacity inputs that contributed to revenue recognition during the reporting period.

The disclosure follows HIVE’s established practice of reporting operational capacity and cryptocurrency inventories in its periodic filings. The company’s full annual report contains more detailed financial statements and notes for investors and analysts.