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an hour ago
- Yahoo
HIVE Digital Technologies Ltd (HIVE) Q1 2026 Earnings Call Highlights: Record Revenue and ...
Release Date: August 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points HIVE Digital Technologies Ltd (NASDAQ:HIVE) reported a record quarter with over $45 million in total revenue, primarily driven by Bitcoin mining operations. The company achieved a significant growth in earnings per share, increasing by 206% year over year. HIVE's strategic expansion in Paraguay has been transformative, allowing the company to rapidly scale its Bitcoin mining operations. The company maintains a strong balance sheet with $24.6 million in cash and $47.3 million in digital currencies. HIVE's focus on renewable energy and sustainable practices positions it well for future growth, particularly in the AI and HPC sectors. Negative Points The volatility of Bitcoin prices poses a risk to HIVE's financial performance, as evidenced by the significant non-cash reevaluation of Bitcoin on their balance sheet. High depreciation charges due to the purchase of new GPU and ASIC chips for AI and Bitcoin buildout could impact profitability. The company's expansion and scaling efforts require significant capital investment, which could strain financial resources if not managed carefully. HIVE's growth strategy involves complex operations across multiple countries, which may present logistical and regulatory challenges. The competitive landscape in the Bitcoin mining and AI sectors is intensifying, which could pressure HIVE's market position and margins. Q & A Highlights Warning! GuruFocus has detected 7 Warning Signs with HIVE. Q: Can you provide an overview of HIVE's financial performance for Q1 2026? A: Aiden Killick, President and CEO, highlighted that HIVE had a record quarter with over $45 million in total revenue, 90% of which came from Bitcoin mining operations and 10% from their HPC AI business. The company achieved a gross operating margin of 38%, yielding about $15.8 million in cash flow from operations, and reported a net income of $35 million with $44.6 million in adjusted EBITDA. Q: How is HIVE managing its Bitcoin holdings and what strategies are in place for future growth? A: Aiden Killick explained that HIVE ended the quarter with 435 Bitcoin on the balance sheet and has a Bitcoin pledge strategy allowing them to purchase Bitcoin back at zero interest. This strategy has enabled HIVE to scale its Bitcoin mining business without dilution or taking on debt, effectively using $200 million worth of CapEx. Q: What are the key developments in HIVE's expansion efforts, particularly in Paraguay? A: Aiden Killick noted that HIVE has significantly expanded its operations in Paraguay, completing phase one of their expansion ahead of schedule. They are currently operating at over 15 exahash and are fully funded to reach 25 exahash by American Thanksgiving. This expansion is part of their strategy to maintain a 440 megawatt green energy footprint for Bitcoin mining. Q: How does HIVE's AI and HPC business contribute to its overall strategy? A: Craig Tavares, President of Buzz HPC, explained that HIVE's AI and HPC business is rapidly scaling, with a target of reaching $100 million ARR. The company operates over 5,000 GPUs and is focused on providing a full suite of infrastructure services for AI, leveraging their existing data centers and renewable energy sources. Q: What are HIVE's future plans for data center expansion and AI infrastructure? A: Craig Tavares mentioned that HIVE is expanding its data center footprint with recent acquisitions in Toronto and Sweden. These facilities will support their sovereign AI strategy and are expected to go live next year. The Toronto data center, in particular, will be a tier 3 facility leveraging liquid cooling infrastructure to support high-density GPU clusters. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
3 hours ago
- Yahoo
Bitcoin Steadies at $118K as Analysts Flag Deeper Pullback Risks and Altcoin Rotation
Bitcoin (BTC) hovered near $118,348 on Sunday, up 0.39% in 24 hours, as two analysts outlined paths that could test traders' nerves: a dip toward $108K–$112K or a drawn-out range with room for altcoins. Lark Davis argues that if bitcoin continues to slide, the most likely landing zone is $108,000–$112,000. That range served as a ceiling earlier this year when bitcoin's rally stalled, and in market psychology, levels that once blocked price often flip into support when revisited. He emphasizes that this area also aligns with two classic pullback checkpoints known as the 50% and 61.8% Fibonacci retracements. These measures, drawn from the size of bitcoin's last rally, are widely watched because they often mark where profit-taking slows and new buying emerges. While Fibonacci ratios sound mathematical, in practice they work as self-fulfilling markers since many traders plan entries there. Davis also points to the 20-week exponential moving average, a trend line that updates quickly with recent price action. When this line is rising into the same $108K–$112K area, it strengthens the case for support, because technical traders see both history and momentum meeting in one zone. When several signals cluster like this — resistance turned support, Fibonacci checkpoints and a rising average —traders call it 'confluence,' and confluence zones often act like magnets for price tests. In other words, Davis isn't predicting collapse but a healthy reset. His framework suggests that if bitcoin dips, buyers could step in around that band and fuel the next leg higher. Michaël van de Poppe takes a different angle, noting that bitcoin was just rejected at a key resistance level near its recent highs. A rejection means sellers absorbed demand as the price tried to break out, a common signal that momentum needs to cool off before the next push. He expects the market to consolidate rather than trend, with bitcoin moving sideways between a floor and a ceiling while leverage resets. The TradingView chart he shared underscores this. It showed bitcoin making repeated attempts at the top of its range but failing to hold above resistance. The candles formed wicks —price spikes that quickly faded — suggesting selling pressure was active near the highs. Underneath, the chart marked a zone of potential support, where Van de Poppe believes bitcoin could find a base before another breakout attempt. For van de Poppe, the message is not about deep retracement but time. A sideways range would give the market breathing room, clear out overextended positions, and set the stage for the next move up. It would also open the door to rotation into altcoins, which often outperform when bitcoin stops trending. That rotation, he suggests, could already be brewing. Once bitcoin stabilizes, traders typically seek higher returns in large altcoins like ether before spreading to smaller tokens. Altcoin rallies rarely start while bitcoin is in freefall, but they often gain momentum when BTC ranges and volatility cools. In plain terms, the two analysts are describing different but compatible playbooks. Davis favors a deeper pullback into a support cluster that could refresh the uptrend, while van de Poppe sees a range-bound pause with potential for altcoins to shine. For everyday readers, the checklist is simple: watch whether bitcoin trades sideways or dips to the $108K–$112K zone. In either case, analysts agree the broader bull market framework remains intact, but the path forward could look very different depending on how support and resistance play out in the weeks ahead. Technical analysis highlights According to CoinDesk Research's technical analysis data model, Bitcoin showed bullish strength in the 24-hour window from Aug. 16, 15:00 UTC to Aug. 17, 14:00 UTC, rising from $117,847.02 to $118,485.32, a 1% gain. Support formed near $117,261.72 early on Aug. 17, followed by a break above $118,000 with higher-than-average volume of 2,848.15 BTC during rallies at 04:00, 08:00, 09:00, and 13:00 UTC. In the final hour from Aug. 17, 13:17–14:16 UTC, bitcoin climbed from $118,165.31 to $118,397.67, including a sharp move at 13:51–13:52 UTC when price spiked from $118,417.23 to $118,604.10 on 679.81 BTC of volume. The move set short-term resistance around $118,600 before consolidating near $118,400, leaving potential for further upside after cooling. Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
Bitcoin Mining Profitability Rose 2% in July Amid BTC Price Rally, Jefferies Says
Bitcoin (BTC) mining profitability increased 2% in July as the price of the world's largest cryptocurrency rose 7% while the network hashrate jumped 5%, investment bank Jefferies said in a research report on Friday. "We see positive BTC price momentum as most favorable for Galaxy's (GLXY) digital assets business, while miners fight a rising network hashrate," analyst Jonathan Petersen wrote. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. It is measured in exahashes per second (EH/s). U.S.-listed mining companies mined 3,622 bitcoin in July, versus 3,379 coins the month before, the report said, and these firms accounted for 26% of the total network compared to 25% in June. IREN (IREN) mined the most bitcoin, with 728 tokens, followed by MARA Holdings (MARA) with 703 BTC, the bank noted. Jefferies said MARA's energized hashrate remains the largest of the sector, at 58.9 EH/s at the end of July, with CleanSpark (CLSK) second with 50 EH/s. Revenue per exahash/second also increased. "A hypothetical one EH/s fleet of BTC miners would have generated ~$57k/day in revenue during July, vs ~$56k/day in June and ~$50k a year ago," the analyst in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
