HIVE
Blockchain Technologies Limited, the Canada-based publicly-traded
company that mines pioneer cryptocurrency, Bitcoin , saw its revenue plunge by
roughly 50% at the end of its 2023 fiscal year ended March 31. The
Nasdaq-listed firm’s revenue came in at $106.3 million, tumbling from a
record-high of $211 million from the previous fiscal year.
HIVE, which
released
the latest financial performance figures today (Friday), said the sharp decline
is “primarily due to the fall in the Bitcoin price and increase in the mining
difficulty of Ethereum