COINTELEGRAPH · 2026-11-10 00:43 UTC

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

HIVE Digital produced 1,070 Bitcoin in the quarter ended Sept. 30, 2026, up 49% from 718 a year earlier. Mining revenue fell 7.4% to $76 million as the average Bitcoin price dropped to $71,003 from $114,382, while electricity costs rose to $45.6 million. HIVE recorded a $31.2 million noncash write-down on mining equipment and reported HPC hosting revenue up 71% to $8.8 million; shares fell 1.7% after hours.

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