HIVE and MARA mine more Bitcoin but earn less as prices fall and costs rise

HIVE and MARA both reported higher Bitcoin production, but their mining revenue fell as crypto prices declined and electricity costs rose. The miners are also expanding into AI infrastructure businesses. Traders should note that rising production paired with falling revenue signals margin pressure across the mining sector, a bearish signal for miner equities and a possible indicator of hash-rate growth outpacing price gains.