THE BLOCK · 2026-11-10 11:52 UTC

HIVE reports $79 million quarterly net loss as bitcoin mining revenue falls and AI business grows

HIVE Digital Technologies reported a net loss of $78.7 million for the three months to Sept. 30, up from $15.8 million a year earlier. The company booked a $31.2 million impairment charge on its bitcoin mining equipment during the quarter. Its BUZZ HPC business brought in $8.8 million, a 70.7% increase year over year, and it reported $185 million in contracted GPU cloud annualized run-rate revenue.

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