HIVE Bitcoin Output Jumps 49% as Revenue Falls
6 Articles
6 Articles
HIVE Digital increased 49% its production of Bitcoin and exceeded revenue forecasts, but the lower average price of BTC, the increase in electricity and a deterioration charge accompanied a quarterly loss of USD $78.7 million.
🚨 HIVE and MARA produced more Bitcoin in the September quarter, but mining revenues declined. 📉 Weaker Bitcoin prices and rising energy costs couldn't offset the increase in $BTC production on the revenue side. 🤖 Both companies continued to grow their AI and data center investments during the same period. Read More: Bitcoin production increased, HIVE and MARA's mining revenue declined The article "Bitcoin production increased, HIVE and MARA's…
HIVE Bitcoin Output Up 49% as Mining Revenue Continues to Drop
Bitcoin mining has delivered more output for HIVE Digital Technologies, but its latest quarterly filing shows how quickly revenue can fall when Bitcoin prices weaken. In the three months ended Sept. 30, 2026, the miner produced 1,070 Bitcoin—up from 718 in the prior-year quarter—yet mining revenue declined 7.4% to $76 million as the average price [...]
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