The company's loss was driven by accelerated depreciation related to its Paraguay expansion and non-cash revaluation adjustments.
Bitcoin miner Hive reports record revenue as hashrate expands despite $91 million net loss tied to accelerated depreciation
AI IMPORTANCE: 6/10
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AI INSIGHT
Hive posts $91 million net loss and reports record revenue as hashrate expands; loss driven by accelerated depreciation related to Paraguay expansion and non-cash revaluation adjustments
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