HIVE and MARA see mining revenues fall despite higher Bitcoin output
Bitcoin miners HIVE Digital Technologies and MARA produced more Bitcoin in the September quarter, but falling cryptocurrency prices and rising electricity costs dragged down their mining revenue.
Bitcoin miners HIVE Digital Technologies and MARA generated higher Bitcoin output in the quarter ending September 30, 2026, yet both experienced lower digital currency mining revenues as declining Bitcoin prices and elevated power costs eroded operational gains, according to reports by Cointelegraph and Crypto Briefing.[1][2][5]
HIVE reported a 49% increase in quarterly Bitcoin production, but revenue from digital currency mining dropped 7.4% year-over-year to $76 million, down from $82.1 million in the same period of 2025. Financial statements shared by The Block showed the miner logged a quarterly net loss of $78.7 million, compared with a $15.8 million loss a year earlier.[3][4]
Amid price volatility in crypto mining, miners have accelerated expansion into artificial intelligence and high-performance computing infrastructure. HIVE's high-performance computing revenue climbed 70.7% to $8.8 million for the quarter, with annualized revenue for its contracted GPU cloud services reaching $185 million.[2][3][4][5]
Key facts
- HIVE's Bitcoin production grew by 49% in the quarter ended September 30, 2026.
- HIVE's digital currency mining revenue fell 7.4% to $76 million, down from $82.1 million a year earlier.
- HIVE posted a quarterly net loss of $78.7 million for the three months ending September 30, 2026.
- HIVE's high-performance computing revenue rose roughly 71% to $8.8 million, with contracted GPU cloud annualized revenue reaching $185 million.
- Both HIVE and MARA experienced higher Bitcoin production alongside falling mining revenue and rising electricity costs in the September quarter.
Sources · 4 sources
- CO
Cointelegraph@CointelegraphPost on X ·
⚡️ NEW: HIVE and MARA produced more Bitcoin in the September quarter, but their Bitcoin revenue fell as lower prices and higher power costs ate into the gains. https://t.co/aBcBnVGBqG
Open source - CT
Coin TelegraphArticle ·
HIVE, MARA mine more Bitcoin but earn less as crypto prices fall Both miners reported higher Bitcoin production but lower mining revenue and rising electricity costs as they expanded their AI infrastructure businesses.
Open source - TB
The Block@TheBlockCoPost on X ·
THE BLOCK: Bitcoin bitcoin:native miner HIVE Digital Technologies $HIVE reported a $78.7 million quarterly net loss, as mining revenue fell 7.4% to $76 million. Its AI computing revenue rose 70.7% to $8.8 million, with contracted GPU cloud annualized revenue reaching $185 million.
Open source - CT
Coin TelegraphArticle ·
HIVE’s Bitcoin output jumps 49%, but mining revenue still falls HIVE’s mining revenue fell 7.4% despite higher production, while its AI hosting business grew 71%.
Open source - CB
Crypto BriefingArticle ·
HIVE, MARA mine more Bitcoin but bring in less revenue as prices slide The decline in Bitcoin prices pressures miners to diversify into AI and HPC, highlighting the volatility and operational risks in crypto mining. The post HIVE, MARA mine more Bitcoin but bring in less revenue as prices slide appeared first on Crypto Briefing .
Open source