Happy CANADA Day!
We truly have something to celebrate July 1 – CANADA!
The vastness of the prairies, and the resources God has blessed us with underground, reflect our unlimited potential as a nation.
Unfortunately, a decade ago we strayed off course – and we’re still struggling to get back on track. World history is full of examples of once-great countries who went down a destructive path. Some of them bounced back, but many did not. The idea that Canada could eventually split apart should not be taken lightly – many in the West genuinely feel they have been screwed by Ottawa and Quebec, and for a very long time.
Canada is supposed to be The True North Strong and Free, but we have become weak and less free over the past decade by any reasonable analysis of data. A destructive “progressive” ideology continues to plague Canada like a potentially deadly cancer, undermining our country at a time when the United States has managed to break free from its own woke bondage. If this is how Canadians want to “differentiate” themselves from Americans (“woke” vs. “unwoke”, “progressive” vs. “conservative”), well, be prepared to endure an even lower standard of living in a Canada that will continue to underperform and underachieve. It’s a competitive world, and we cannot afford to fall behind any further and lose more human and financial capital to the U.S. and other countries.
We have taken for granted the opportunities God has blessed us with, including all the bountiful resources in the ground (drill, baby, drill, and build, build, build!) that have helped drive our prosperity and remain critical to our economic future.
This isn’t really about right or left. We are in desperate need of a Common Sense Revolution, one that Pierre Poilievre attempted but failed to pull off – at least up until now. There has been pushback against the worst excesses that have damaged Canada in recent years, but we’ve only just scratched the surface of change in a country where the Laurentian elites, backed by their friends in the liberal dominated mainstream media, insist on calling the shots – and Ontario and Quebec, roots of the problem, do have power in numbers. Famous Alberta-born author Jordan Peterson, ridiculously ordered by the “progressive” courts in Canada to undergo “social media training”, says Canadians will probably have to suffer even more before they really wake up and take back their country – if that’s ultimately what they decide to do.
Canadians built a successful, proud nation through a hard working entrepreneurial spirit based on the principle that success is rewarded, not punished, and that government is meant to serve the people, not the other way around.
Today, as much as some Canadians believe things are getting better, we have the ridiculous scenario where politicians still want to select the “winners and losers”, the companies who don’t have to be subject to the hideous Impact Assessment Act in order to “fast track” major projects deemed (by government) to be in the national interest. This is no way to run a country.
Government that thinks it knows best how to run our lives, government that is over-regulating the economy and constantly in our faces and in our pocketbooks, is government that needs to be replaced and forever restrained.
“Diversity, Equity and Inclusion” became new words for the promotion of a Neo-Marxist agenda by woke “progressives” determined to cancel our cherished history and turn Canada into nothing more than a collection of groups, with no common purpose, manipulated by a government obsessed with identity politics and making as many of its citizens as possible dependent on the Nanny State.
A couple of years ago at this time, we declared: “The fight to Take Back Our Country has only just started.”
That fight has intensified but there’s much more work to be carried out. This will require a herculean effort, one that will be measured in years, not months.
The good news is that we can Make Canada Great Again, that Canada’s best years are yet to come.
Enjoy a safe and awesome Canada Day with friends and family.
4 Comments
Yes Jon, great post.everyone should enjoy today, a breather from all the incompetence of these idiots in charge,, I would just like to add if I may,,that the Marxist/ communist jughead Singh and the ndp morons who played a very big part in putting Canada in the position it is in today, they are very much to blame as well..I’m still a poilievre fan and he will be back in parliament soon to stir up some shit,, and hopefully the woke will finally fall and we have another election soon…for the country’s sake these people need to be booted once and for all…..
For sure, Laddy, I lumped them in with the “progressives” which constitutes today’s Liberals and of course the NDP (and U.S. Democrats)…Trudeau’s deal with the NDP did incredible damage to Canada…but the broader “progressive” ideology is the root of our problem, some of it imported from the U.S. left (and financed as well)…
Anyway, Trump keeps winning…Big Beautiful Bill passed by the Senate today….possible it could clear the House tomorrow in time for the President’s signature for Independence Day July 4…
Dow up another 400 points today while CDN markets were closed…Gold rallied strongly…ADP private payrolls report tomorrow, jobs report Thursday…
HIVE Achieves FY2025 Total Revenue of $115.3 Million and $56.2 Million Adjusted EBITDA with 1,414 Bitcoin Mined and 3x Growth in AI GPU Revenue
2025-06-26 02:10 ET – News Release
This news release constitutes a “designated news release” for the purposes of the Company’s amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024.
San Antonio, Texas–(Newsfile Corp. – June 26, 2025) – HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the “Company” or “HIVE”), a global leader in sustainable data center infrastructure, announces its results for the full year ended March 31, 2025 (all amounts in US dollars, unless otherwise indicated).
FY2025 Financial Highlights:
– Total Revenue: $115.3 million, from digital currency mining and high-performance computing (HPC) hosting services.
Digital currency mining revenue: $105.2 million, down 5.2% year-over-year mainly due to the April 2024 Bitcoin Halving and increased hash rate difficulty, mostly offset by 40% higher digital currency mining hashrate (from 4.5 EH/s at end of March 2024 to 6.3 EH/s at end of March 2025) and higher Bitcoin prices.
– HPC/AI Cloud Revenue: $10.1 million, representing approximately 3x growth year-over-year ($3.4 million FY2024), mainly due to expansion of GPU fleet earning AI Compute revenue, driven by strong demand for high-performance computing markets.
– Bitcoin Production: Mined 1,414 Bitcoin during the fiscal year, which contributed to HIVE’s HODL position.
– Gross Operating Margins: $25.1 million in gross operating margin or 21.8%.
– G&A: $16.6 million, up from $13.2 million in FY2024 primarily as a result of increased staff to support HIVE’s global expansion in digital currency mining, particularly in Paraguay (representing 3x growth from 140 megawatts (“MW”) to 440 MW of digital asset infrastructure), and the growth of its BUZZ HPC business (with the number of GPUs growing to over 5,000).
– Net Income: US GAAP net loss of $3.0 million.
– Adjusted EBITDA1: $56.2 million in Adjusted EBITDA or 48.7% of total revenue.
– Digital Assets: Total digital currency assets valued at $181.1 million at the ended the fiscal year on March 31, 2025, including 2,201 Bitcoin.
Management Insights
Frank Holmes, Co-Founder and Executive Chairman of HIVE, commented, “In Fiscal 2025, we continued our track record of disciplined growth. We expanded our operational hashrate from approximately 4.5 EH/s in March 31, 2024 to 6.3 EH/s in March 31 2025—a 40% increase achieved even as the post-halving landscape compressed industry economics. Further, we acquired 300 MW of hydro-powered green-energy sites in Paraguay that management believes has deepened our leadership bench with visionaries like Lieutenant General (Ret.) John R. Evans Jr, Gabriel Lamas, and cloud-computing pioneer Craig Tavares and will transform HIVE’s growth in both the mining and HPC businesses. We are extremely excited about the remainder of this year as we scale our Bitcoin mining business to the Company’s goal of 25 EH/s by December 31, 2025 and continue the strong growth in our Buzz HPC Business. I’d like to thank our dedicated employees and shareholders for their continued support. Looking forward, our mandate remains the same as it always has been: compound strong shareholder value through disciplined, high-return on invested capital (“ROIC”) growth powered by green energy.”
Aydin Kilic, President & CEO of HIVE, stated, “The foundation we set in Fiscal 2025 with the acquisition of our 100 MW site in Valenzuela, Paraguay and the 200 MW site in Yguazú, Paraguay has set the stage for what management believes will be the most transformative chapter in HIVE’s history. Since the end of Fiscal 2025, HIVE commissioned the first 100 MW at Yguazú two weeks ahead of its projected schedule, which nearly doubled our hashrate to 11.5 EH/s as of today, with 5.5 Bitcoin being produced daily. The announced exahash growth with the Paraguay expansions and the continued growth path for our Buzz HPC division, gives HIVE two high-revenue engines of growth. With Paraguay ramping weekly, new Bitmain S21+ Hydro machines, and our diversified infrastructure strategy firmly in place, management’s focuses are driving lower production costs, expanding cash flow, and delivering sustainable long-term value for our shareholders, all while maintaining our green energy focused strategy. We have been strong in the sector when it comes to ROIC as well, with 22% ROIC achieved over the past 12 months, while keeping low general and administrative expenses per Bitcoin mined as well. I am incredibly proud of our team. 2025 is a transformative year for HIVE.”
Darcy Daubaras, CFO of HIVE, added, “This reporting period marks a significant milestone for our Company as we have transitioned our financial reporting framework from IFRS to US GAAP. This change aligns with our strategic objectives, enhances comparability with U.S.-listed peers, and supports our potential growth ambitions in U.S. capital markets. We remain committed to transparency and will continue to provide clear, consistent reporting as we move forward. With every megawatt and associated mining hardware for our 300 MW Paraguay expansion now fully funded, we are excited to be on track to deliver our target of 25 EH/s by US Thanksgiving—more than quadrupling our hashrate from March 2025. We believe the scale and efficiency gains from this expansion will significantly enhance our unit economics and drive significant shareholder returns. The initiatives launched in Fiscal 2025 represent the beginning of HIVE’s transformation from a modest digital mining company into a globally scaled, sustainability-focused leader in Bitcoin infrastructure.”
The Company’s Consolidated Financial Statements and Management’s Discussion and Analysis (MD&A) thereon for the three months and year ended March 31, 2025 will be accessible on SEDAR+ at http://www.sedarplus.ca under HIVE’s profile and on the Company’s website at http://www.HIVEdigitaltechnologies.com.
Q4 FY2025 Financial Highlights:
Total Revenue: $31.2 million, from digital currency mining and high-performance computing (HPC) hosting services.
Digital currency mining revenue: $28.1 million, up 5.5% sequentially from fiscal Q3 2025 mainly due higher average digital currency mining hashrate (from 5.4 EH/s in fiscal Q3 2025 to 5.9 EH/s in fiscal Q4 2025) and slightly higher Bitcoin prices.
G&A: $5.3 million, up slightly from $4.6 million in Q3 FY2025 primarily as a result of increased staff to support HIVE’s global expansion in digital currency mining, particularly in Paraguay, and the growth of its BUZZ HPC business.
Bitcoin Production: Mined 303 Bitcoin, down 6% sequentially from fiscal Q3 2025 due to increased hashrate difficulty.
HPC Revenue: Buzz HPC revenue was a record $3.0 million during the quarter, up 18.5% sequentially, driven by strong demand for high-performance computing markets.
Gross Operating Margins: $8.8 million in gross operating margin or 28.2%.
Net Income: GAAP net loss of $52.9 million.
Adjusted EBITDA1: ($30.7) million in Adjusted EBITDA primarily due to quarter end non-cash revaluation2 of ($26.4) million digital currencies held on balance sheet as a result of lower quarter end spot Bitcoin price. Since March 31, 2025, Bitcoin price has recovered to approximately $101,000 as of the date of this report. In addition, the Company recorded a $6.7 million non-cash, unrealized loss related to its equity investments.
Financial Statements and MD&A
The Company’s Consolidated Financial Statements and Management’s Discussion and Analysis (MD&A) thereon for the year ended March 31, 2025 will be accessible on SEDAR+ at http://www.sedarplus.ca under HIVE’s profile and on the Company’s website at http://www.HIVEdigitaltechnologies.com.
About HIVE Digital Technologies Ltd.
Founded in 2017, HIVE Digital Technologies Ltd. builds and operates sustainable blockchain and AI infrastructure powered by renewable hydroelectric energy. With a global footprint across Canada, Sweden, and Paraguay, HIVE is committed to operational excellence, green energy leadership, and creating long-term value for its shareholders and host communities.
For more information, visit hivedigitaltech.com, or connect with us on:
X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchain
On Behalf of HIVE Digital Technologies Ltd.
“Frank Holmes”
Executive Chairman
For further information, please contact:
Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
Tel: (604) 664-1078
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
https://www.hydrogeninsight.com/production/toyota-mitsubishi-and-eneos-invest-millions-into-natural-hydrogen-start-up/2-1-1841615
“Japanese firms Toyota, Mitsubishi Gas Chemical and Eneos have agreed to buy a combined 22% share of Gold Hydrogen — a total investment of A$14.5m (US$9.54m) — as the Australian firm continues its exploration for natural H2 in South Australia.”