HIVE Blockchain Technologies reported strong financial results for the second quarter, with quarterly revenue reaching $32.2 million and an adjusted EBITDA of $14.9 million. The company also increased its Bitcoin holdings to 2,496 Bitcoin, having mined 449 Bitcoin during the quarter. In parallel, Hut 8 Mining Corp received a significant upgrade from H.C. Wainwright, which raised its rating from sell to buy, following the company's second-quarter earnings report. Analysts noted that Hut 8's stock has become more valuable due to strategic advances, leading to an improved risk-reward scenario for investors.