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AI summary of a third-party reportBearishNewsDesk

HIVE Digital's Bitcoin output rises 49% but mining revenue falls 7.4%

HIVE Digital Technologies mined 1,070 Bitcoin in the quarter to 30 September 2026, up from 718 a year earlier, yet lower Bitcoin prices pushed mining revenue down to $76m.

Why it matters: The filing shows a miner producing more Bitcoin while earning less from it, as weaker prices and higher power costs squeeze margins and push HIVE further into AI hosting.

InvestIn.News NewsDesk · 1 min read
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Picture from Cointelegraph for: HIVE Digital's Bitcoin output rises 49% but mining revenue falls 7.4%
Image: Cointelegraph
Original reporting: Felix Ng, Cointelegraph

Key points

  • HIVE produced 1,070 Bitcoin in the three months ended 30 Sept 2026, up 49% from 718 a year earlier.
  • Mining revenue fell 7.4% to $76m as the average Bitcoin price dropped to $71,003 from $114,382.
  • HPC hosting revenue rose 71% to $8.8m, 10.4% of quarterly revenue, with up to $493m planned for expansion over 36 months.

Mining revenue dropped 7.4% to $76m as the average Bitcoin price fell to $71,003 from $114,382 a year earlier.

The results add to signs of pressure across Bitcoin mining. HIVE is taking a different route, building out AI computing while continuing to invest in Bitcoin production.

HIVE expects to spend up to $493m over 36 months on that expansion, including land, data centre infrastructure and GPUs, and has spent $145m so far.

Fiscal second-quarter revenue was $84.9m, down 2.7% year on year but above the $79.4m consensus listed by MarketBeat.

Read the full story on Cointelegraph

Live updates on NewsFeeds:MiningDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Cointelegraph’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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