Das Betriebskapital des Unternehmens ging im Laufe des Quartals ebenfalls um 112,4 Millionen US-Dollar zurück, da das Unternehmen den Rückgang auf „den Verkauf digitaler Währungen während des Quartals zur Finanzierung der Expansion und eine Mark-to-Market-Anpassung beim Abschluss des HODL – einer Anlagestrategie für Kryptowährungen – zurückführte in denen Einzelpersonen Vermögenswerte für lange Zeiträume kaufen und halten – Salden der gehaltenen digitalen Währungen (Neubewertung digitaler Währungen).“
HIVE meldete jedoch auch einen Quartalsumsatz von 44,2 Millionen US-Dollar, eine Steigerung von 13 % im Vergleich zum entsprechenden Quartal des vorangegangenen Geschäftsjahres.
„Wir haben für das Quartal eine starke Brutto-Mining-Marge von 27 Millionen Dollar erzielt, eine Steigerung von 18 % gegenüber dem Vorquartal von 22,9 Millionen Dollar“, sagte das Unternehmen. „Dieser steuerliche Erfolg wurde durch unsere globalen Bitcoin- und Ethereum-Mining-Betriebe vorangetrieben, die in diesem Zeitraum ein erhebliches Wachstum der Hash-Rate verzeichneten.“
HIVE behauptet, „der effizienteste Krypto-Miner basierend auf digitalen Assets zu sein, die pro Exahash abgebaut werden (allgemein gemessen als die Menge an abgebautem Bitcoin pro Exahash der gemeldeten Hash-Rate)“, und meldete einen Anstieg seiner Mining-Marge von 42 % im letzten Quartal auf 61 % dieses Quartal.
“HIVE has been able to consistently mine with strong profit margins during periods of market volatility, as a result of being globally diversified and enjoying low power costs in Sweden and Quebec, and higher profit margins from the Ethereum mining business,” HIVE said. HIVE Mined 1,338 Bitcoin and 7,675 Ethereum The company mined 1,338 Bitcoin equivalent, including 821 green and clean Bitcoin, as well as 7,675 green and clean Ethereum. HIVE said that its overall production of digital currencies increased by 7% QoQ and comprised 4% more Bitcoin produced and 20% more Ethereum produced. Talking about the positives on the balance sheet, Frank Holmes, HIVE’s executive chairman, said, “We wish to again thank our loyal shareholders for believing in our vision to mine both Ethereum and Bitcoin to generate robust cash flow returns on invested capital and we believe our results continue to validate the significant contribution to our strategy to mine both BTC and ETH and HODL as many coins as possible.” The company also pointed out that its Bitcoin production of 821 Bitcoin this quarter represents an increase of 265% YoY, as the company produced 225 Bitcoin for the period ending June 30, 2021. “This large increase in the quantity of Bitcoin production stands even as network difficulty has effectively doubled during this one-year period,” HIVE said. “It was an extremely challenging quarter for the global digital asset ecosystem, where we saw the capitulation of Bitcoin and Ethereum prices not seen since 2020,” Holmes said. “On a relative basis, we are very pleased with our company’s performance amongst our peers in the digital asset industry.” On the Flipside Holmes urged investors to focus on HIVE’s operating earnings from the company’s data centers, which generate digital assets, because as a result of recent changes to IFRS reporting rules, the quarterly mark-to-market fluctuations in the value of HIVE’s investment portfolio in digital assets must be reflected on the company’s income statement each quarter. HIVE said that it is dedicated to navigating this crypto storm for its shareholders. Why You Should Care HIVE attributed its loss of $95.3m to depreciation, unrealized valuation losses on digital currencies and investments, and impairment charges on equipment and equipment deposits, which in turn were all affected by lower Bitcoin and Ethereum prices seen in June and July 2022.
