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HIVE Blockchain Technologies Ltd. (Nasdaq: 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 HIVE during a key time in the evolution of cryptocurrency mining. HIVE grew from approximately 310 PH/s of Bitcoin mining and 2,700 GH/s of ETH mining as of...
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