HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Q1 2025 Earnings Conference Call August 13, 2024 5:00 PM ET
Company Participants
Holly Schoenfeldt - Director of Marketing
Frank Holmes - Executive Chairman
Aydin Kilic - President and CEO
Darcy Daubaras - CFO
Conference Call Participants
Mike Colonnese - H.C. Wainwright
Mike Grondahl - Northland Capital Markets
Bill Papanastasiou - Stifel
Operator
Good afternoon, everyone, and welcome to the HIVE Q1 2025 Earnings Call and Webcast. At this time, all participants are in a listen-only mode. [Operator Instructions]
And now at this time, I'd like to turn things over to Holly Schoenfeldt, Director of Marketing. Holly, please go ahead.
Holly Schoenfeldt
Hello, everyone, and welcome to today's webcast reviewing HIVE Digital Technologies' financial results for the quarter ended June 30, 2024.
On Slide number 2, I would like to briefly note disclosures. Except for statements of historical fact, this presentation contains forward-looking information within the meaning of the applicable Canadian and U.S. securities regulations. These forward-looking statements are based on expectations, estimates, and assumptions as of the date of this presentation.
On the next slide, I'm pleased to introduce today's presenters, Frank Holmes, Executive Chairman; Aydin Kilic, President and CEO; and Darcy Daubaras, Chief Financial Officer.
On the next slide, I would now like to hand the presentation over to Mr. Frank Holmes for a macro recap of the quarter. Frank?
Frank Holmes
Thank you, Holly. And it's great to see how dynamic we are and that we're functioning in all these different jurisdictions from Vancouver to speaking for this conference. It will be Aydin actually from the Canaccord, small cap, mid-cap, biggest conference on the East Coast in Boston. I'm in San Antonio, Texas, and we function in nine time zones in Bitcoin mining and running and managing data centers. So I think it's really quite amazing how fluid this is.
But as we jump into the next slide, the DNA of volatility is understanding the risk. And I think this is a very important visual for investors to recognize all these external forces that do impact the daily volatility. And one standard deviation for Bitcoin is plus or minus 2% is normal. But over 10 days, it's 8%, which is, you can see, four times greater over 10 days than the S&P 500.\
Nvidia is 9%, and MicroStrategy is 21%, and HIVE Digital Technology is 23%. On a daily basis, it is a non-event for MicroStrategy or HIVE Digital to go up or down 6% in a day. And that's predominantly because of external forces such as Bitcoin prices, geopolitics, geoeconomic events, which recently happened in Japan.