News
HIVE and MARA Increase Bitcoin Production Despite Declining Revenue
HIVE Digital Technologies and MARA Holdings increased their Bitcoin production during the third quarter. However, both companies experienced a decline in total mining revenue due to weaker Bitcoin prices and rising operating costs, including higher electricity expenses. HIVE reported a 49% increase in Bitcoin production alongside a 7.4% drop in mining revenue. Meanwhile, HIVE's artificial intelligence hosting business grew by 71%. Both mining firms continue to expand their investments into artificial intelligence and high-performance computing infrastructure.