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
Morgan Stanley 'Absolutely' Plans to Offer Bitcoin Custody, Trading, Yield and Lending: Exec
In brief
Morgan Stanley plans to build proprietary Bitcoin custody and trading services for clients.
Yield and lending services are also under exploration as part of the crypto roadmap.
The bank recently filed to launch Bitcoin, Ethereum, and Solana funds.
Wall Street giant Morgan Stanle
Decrypt5m ago
Bitcoin Slides to $66K Support as Relief Rally Loses Steam
Bitcoin’s rally stalled as the cryptocurrency retreated from over $69,000 to roughly $67,000, triggering over $470 million in liquidations and wiping $40 billion off its market cap.
Market Cap Shrinks Amid Liquidations
On Feb. 26, bitcoin’s relief rally hit a wall. After effortlessly sweeping p
Coinpedia2h ago
