HIVE Digital Technologies Ltd. (HIVE) announces a correction to the HODL value in respect of its unaudited production results for August 2024 announced in press releases on September 5, 2024. The correct HODL balance as at August 31, 2024 was 2,567 Bitcoins (not 2,533 Bitcoins) with a value exceeding $151 million (not $164 million). Previously, the number of Bitcoin held was understated, while the volatile nature of Bitcoin’s price led to an overstatement of its value by approximately $13 million. This correction does not change anything else in the September 5, 2024 news releases (all amounts in US dollars, unless otherwise indicated).
Additionally, the Company reports further details on the At-The-Market (ATM) sales conducted from July 1-19, 2024, under the August 2023 ATM Equity Program.
Executive Commentary:
Frank Holmes, Executive Chairman of HIVE, reiterated the Company’s commitment to maintaining low General and Administrative (G&A)…
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