Hive Digital Q2 Sales Up 36% to $32 Million
Publication Time:2024-08-13 23:47:06
Hive Digital Technologies Ltd. (HIVE) recently reported its financial results, showcasing a 36% increase in sales for the second quarter of 2024, with total revenue reaching $32 million. This marks an impressive rise from $23.5 million in the same period last year, reflecting the company's robust growth trajectory. HIVE's latest developments include its foray into artificial intelligence computing, driving the expansion of high-performance computing platforms, which contributed approximately $2.6 million in sales. With ongoing technological advancements and increasing market demand, Hive Digital is poised to maintain its growth momentum in the future, further solidifying its market position.
HIVE Digital
Revenue
second quarter sales
36% growth
artificial intelligence computing