VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — HIVE Digital Technologies Ltd. (HIVE) on Wednesday reported a loss of $52.9 million in its fiscal fourth quarter.
On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 34 cents. Losses, adjusted for non-recurring costs, were 31 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The crypto currency mining company posted revenue of $31.2 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $32 million.
For the year, the company reported a loss of $3 million, or 2 cents per share. Revenue was reported as $115.3 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HIVE at https://www.zacks.com/ap/HIVE
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