HIVE Achieves Record Annual Revenue Ended March 31, 2022 of $211 Million
and Earnings of $79 Million with a 545% Growth in BTC Mining Hashrate
VANCOUVER, British Columbia, July 19, 2022 -- HIVE Blockchain Technologies Ltd. (TSX.V: HIVE) (Nasdaq: HIVE) (FSE: HBFA.F) (the "Company" or "HIVE") announces its results for the full year ended March 31, 2022 (all amounts in US dollars, unless otherwise indicated).
Revenue was $211.2 million this fiscal year, a 212% increase from the prior year. Record net income of $79.6 million, up significantly from $24.1 million a year earlier. Basic income per share grew 191% to $1.02 from $0.35 during the prior year. Gross mining margin1 expanded to $163.9 million, from $51.1 million last year. Even with financings during the year and the acquisition and expansion of our New Brunswick facility, our growth in revenue and net income was accretive on a per share basis.
These great gains in our revenues and earnings are a result of the immense growth of...
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