Crypto Miner Hive Blockchain Touts Privacy of AI Models Running on Its GPUs

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.