HIVE Revenue Soars to $87.3M as Shares Jump 7.5% on Mining Expansion
HIVE Digital Technologies has just reported its best-ever quarterly figures, making a massive $87.3 million in the three months leading...
Quick overview
- HIVE Digital Technologies reported a record quarterly profit of $87.3 million, a 285% increase from last year, driven by a surge in Bitcoin prices and an expanded mining fleet.
- Despite the revenue growth, HIVE posted a net loss of $15.8 million due to a rapid write-down of mining equipment in Paraguay.
- The mining sector is experiencing significant revenue increases, with HIVE's Bitcoin mining revenue more than doubling to $82.1 million, alongside other companies like Bitdeer and TeraWulf also reporting substantial gains.
- As the demand for powerful computing rises, HIVE is pivoting towards AI, achieving a 175% year-on-year increase in AI-focused revenue, reflecting a broader industry trend.
HIVE Digital Technologies has just reported its best-ever quarterly figures, making a massive $87.3 million in the three months leading up to the end of September – that’s a whopping 285% more than this time last year and a near doubling from the previous quarter. The news has HIVE’s share price up by 7.55% on Monday and an additional 0.56% later in the day, to $3.58.
The reason for this surge in profit is largely due to the price of Bitcoin, which climbed significantly mid-year, and also a massive increase in the mining fleet, which has drastically increased output. However, despite this revenue increase, the company still posted a net loss of $15.8 million, largely due to a write-down of new mining equipment in Paraguay that was recorded more quickly than usual.
HIVE’s top brass reckon the massive jump in revenue, compared to a more modest rise in Bitcoin’s price, is all down to building its infrastructure on such a large scale. Frank Holmes, the company’s Executive Chairman, noted that while Bitcoin’s price rose by only about 25% year on year, HIVE’s very aggressive expansion into the market delivered a far stronger result.
Bitcoin Surge Fuels Mining Sector Gains
The latest quarter saw a real jump in Bitcoin’s price, rising from $107,000 in July to $123,500 in mid-August, and briefly touching a high of $126,000 in early October, before unfortunately falling back down. The fallout from this price drop has seen Bitcoin drop by around 28% and dip below $90,000 on Tuesday. But it’s the period of high prices that really had a transformative effect on the mining sector.
⚡️ LATEST: Bitcoin miner HIVE Digital Technologies shares climb 7.5% on record quarterly revenue of $87.3M. pic.twitter.com/1MZYzr9fgl
— Cointelegraph (@Cointelegraph) November 18, 2025
Bitcoin mining revenue more than doubled for HIVE to $82.1 million, producing 717 BTC – all of this despite the network becoming progressively harder to crack. Not only did HIVE see a jump in profits, but other leading miners have also reported big revenue increases.
Some of the standout performers include:
- Bitdeer: saw a year-on-year revenue increase of 174% to a massive $169.7 million
- TeraWulf: revenue grew by 87% year on year to $50.6 million
The fact that the mining sector is all about scale, efficiency, and getting all sorts of computing work done means new revenue streams are opening up for miners who have traditionally only mined Bitcoin.
AI Expansion Becomes a Strategic Focus
As demand for super powerful computing is accelerating, more and more mining firms are starting to see the value in artificial intelligence. For HIVE, this particular division went from strength to strength – reporting a record $5.2 million in AI-focused work – that’s a massive 175% year-on-year increase.
This is no one-off – the whole industry is starting to pivot towards AI – look at Bitfarms, for instance. The company is reportedly planning to wind down its crypto mining operations over the next couple of years and shift its focus to building AI infrastructure. Ben Gagnon, the CEO, reckons that this is the way forward – because for US-based miners at least, the days of just mining for Bitcoins with ever-increasing electricity costs and competition are coming to an end.
Other key themes that are becoming more apparent include:
- scaling the mining fleet to stay profitable
- shifting energy and resources into AI workloads
- Tackling all the volatility in the industry, which comes from Bitcoin’s rapidly changing price
As Bitcoin’s price continues to fluctuate and electricity costs rise, miners are increasingly seeking ways to turn a profit by combining their digital asset mining with high-grade AI services for businesses.
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