BlockBeats News, February 17 — Bitcoin mining company Hive announced that in the third quarter of its fiscal year ending December 31, 2025, the company’s revenue reached $93.1 million, a year-over-year increase of 219% and a quarter-over-quarter growth of 7%. In November last year, Hive also set a quarterly revenue record.
Hive attributed the revenue growth to the comprehensive expansion of its Bitcoin mining hash rate cluster and BUZZ high-performance computing platform. However, due to “accelerated depreciation related to Paraguay expansion and non-cash revaluation adjustments,” Hive Mining Company reported a net loss of $91.3 million, which undermined its success in revenue growth.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Hyperliquid Whale Sees $42M Bitcoin Long Position Partially Liquidated After BTC Pullback
A trader on Hyperliquid made a risky $42 million long bet on bitcoin using 40x leverage, which partially liquidated after BTC fell below $66,000. Now, with a precarious position, further losses could trigger another liquidation as the account's equity drops significantly.
Coinpedia1h ago
Bitcoin Undervalued vs Gold: Analyst Signals Rally Ahead
Bitcoin (CRYPTO: BTC) is widely cited as undervalued when measured against traditional stores of value like gold and the broad money supply, according to Samson Mow, the chief executive of Bitcoin technology firm Jan3. In a Saturday post on X, Mow argued that BTC sits roughly 24% to 66% below its tr
CryptoBreaking1h ago
Data: If BTC breaks through $69,628, the total liquidation strength of long positions on mainstream CEXs will reach $1.257 billion.
ChainCatcher reports that, according to Coinglass data, if BTC breaks through $69,628, the total liquidation strength of long positions on major CEXs will reach $1.257 billion. Conversely, if BTC drops below $63,103, the total liquidation strength of short positions on major CEXs will reach $956 million.
GateNews3h ago
