Overall in FY2023, the firm reported a net loss of $236.4 million, which it noted included several non-cash charges, such as $81.7 million of depreciation, an impairment to equipment of $70.4 million and an impairment to deposits of $27.3 million. By contrast, the firm reported net income of $79.6 million for the fiscal year 2022.

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• Source: https://www.coindesk.com/business/2023/06/30/bitcoin-miner-hive-blockchain-touts-privacy-of-ai-models-running-on-its-gpus/?utm_medium=referral&utm_source=rss&utm_campaign=headlines