🏦 HIVE Digital raised its reserves to 269 $BTC after mining an additional 79 BTC in Q3.
📌 Mining revenue fell 7.4% to $76 million despite a 49% increase in mined output to 1,070 BTC, as the average realized BTC price was just $71,003.
📌 HPC and AI storage revenue grew 71% to $8.8 million, accounting for 10.4% of total revenue, with plans to invest up to $493 million over 36 months.
Miner cash flows are shifting toward AI infrastructure as mining margins shrink, and cautious sentiment is spreading across BTC mining stocks.
💬 Do you think HIVE’s “dual-engine” model can offset the decline in mining revenue?
#Bitcoin #CryptoNews
🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 Mining revenue fell 7.4% to $76 million despite a 49% increase in mined output to 1,070 BTC, as the average realized BTC price was just $71,003.
📌 HPC and AI storage revenue grew 71% to $8.8 million, accounting for 10.4% of total revenue, with plans to invest up to $493 million over 36 months.
Miner cash flows are shifting toward AI infrastructure as mining margins shrink, and cautious sentiment is spreading across BTC mining stocks.
💬 Do you think HIVE’s “dual-engine” model can offset the decline in mining revenue?
#Bitcoin #CryptoNews
🔗 Source: Crypto Briefing
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).