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NEUTRAL 35 Cointelegraph 12H ago · 1 min read

HIVE’s Bitcoin output jumps 49%, but mining revenue still falls

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AI summary

HIVE reported a 49% jump in Bitcoin output, but its mining revenue still fell 7.4% because of weaker per-coin economics. Its AI hosting business grew 71%, offsetting some of the mining weakness. Traders watching miners' diversification into AI hosting will note the revenue mix shift even as Bitcoin production rises.

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Narrative history
1 linked story · 2 outlets · since 10 Nov
  1. 1H AGO
    HIVE reports $79 million quarterly net loss as bitcoin mining revenue falls and AI business grows
    The Block · Score 55 · via HIVE, mining revenue
  2. 12H AGO
    You’re reading this
    HIVE’s Bitcoin output jumps 49%, but mining revenue still falls
    Cointelegraph · Score 35
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