HIVE Blockchain Technologies Ltd reported QQ3 2025 revenue of USD 29.871 million, representing a year-over-year decline of approximately 19.4% versus QQ3 2024, but a sequential quarter gain of about 31.9% from QQ2 2025. The quarter shows a mixed operating profile: gross profit of - USD 12.102 million leading to an operating loss of USD 20.192 million, while EBITDA remained positive at USD 20.122 million owing largely to notable “other income” totaling USD 21.582 million. This pattern underscores a high non-cash and other-income contribution that masks ongoing operating strain linked to crypto inventory dynamics and depreciation/amortization expense. Net income for QQ3 2025 was USD 1.267 million, with basic EPS of USD 0.0099, reflecting a modest net-margin of about 4.2% despite an operating loss, driven by non-operating income and favorable tax items in the period. Free cash flow remained negative at USD -89.924 million, and cash flow from operations was negative (USD -18.576 million) as the company continues to fund mining-related capex and inventory build via financing activity.