<div data-v-0ccfa88e=””><?xml encoding=”utf-8″??><p>Bitcoin miner HIVE Digital Technologies rose after reporting record revenue for its most recent quarter, adding to the sector’s wins from Bitcoin’s mid-year gains.</p><p>HIVE <a href=”https://www.hivedigitaltechnologies.com/news/hive-delivers-record-q2-with-285-revenue-growth-as-bitcoin-production-and-buzz-hpc-hit-new-highs-powered-by-a-223-year-over-year-increase-in-operational-bitcoin-hashrate-resulting-in-300-growth-in-bitcoin-mining-revenue-and-buzz-hpc-revenue-up-175-year-over-year/” rel=”noopener nofollow” target=”_blank”>said</a> on Monday that it had “record revenue” for the quarter ending Sept. 30 of $87.3 million, up 285% from the same time a year ago and nearly doubling quarter-over-quarter.</p><p>The company reported a net loss of $15.8 million for the quarter, which it attributed to “driven by accelerated two-year depreciation” of Bitcoin (<a href=”/bitcoin-price”>BTC</a>) mining machines used in its expansion efforts in Paraguay.</p><p>“Despite Bitcoin hashprice being up only about 25% year-over-year, our revenue soared 285% year-over-year due to our aggressive hashrate expansion,” said HIVE executive chairman Frank Holmes.</p><p>HIVE is the latest crypto miner to report a revenue increase last quarter, which saw Bitcoin climb from around $107,000 at the start of July to a peak of over $123,500 by mid-August.</p><p>Bitcoin then went on to reach a peak high of over $126,000 by early October, but has since fallen 28% to briefly <a href=”https://cointelegraph.com/news/crypto-market-bitcoin-bottom-buying-opportunity”>dip under $90,000</a> early on Tuesday.</p><h2>HIVE shares climb on revenue</h2><p>Shares in HIVE Digital (HIVE) ended trading on Monday at a gain of 7.55% and continued rising by 0.56% after hours to $3.58.</p><figure> <img src=”https://s3.cointelegraph.com/uploads/2025-11/019a9576-cf9b-70b6-bdaf-2c97a5b09819″ title=””/><figcaption style=”text-align: center;”><em>Shares in HIVE rose on Monday on the company’s quarterly results. Source: </em><a href=”https://www.google.com/finance/quote/HIVE:NASDAQ” rel=”nofollow” target=”https://www.google.com/finance/quote/HIVE:NASDAQ” title=”https://www.google.com/finance/quote/HIVE:NASDAQ”><em>Google Finance</em></a></figcaption></figure><p>HIVE has gained 25% so far this year, but the stock has dropped from a 2025 peak of $6.96 in early October, <a href=”https://cointelegraph.com/news/public-bitcoin-miner-retreat-sharply-as-btc-pulls-back-from-recent-highs”>falling in tandem with Bitcoin</a> as investors sell out of riskier assets.</p><p>The company reported that its Bitcoin <a href=”https://cointelegraph.com/learn/articles/bitcoin-mining-difficulty-explained”>mining revenue</a> for the quarter doubled from a year ago to $82.1 million, and it mined 717 BTC despite an “increase in network difficulty.”</p><p><em><strong>Related: </strong></em><a href=”https://cointelegraph.com/news/bitcoin-95-percent-supply-milestone-scarcity-maturity”><em><strong>95% of Bitcoin has now been mined: Here’s why it’s important</strong></em></a></p><p>Other Bitcoin miners reporting soaring revenues for the Sept. 30 quarter include Bitdeer, which reported on Nov. 10 that its revenues <a href=”https://cointelegraph.com/news/bitdeer-shares-drop-posting-266m-quarterly-loss”>climbed 174%</a> over the year to $169.7 million, while <a href=”https://cointelegraph.com/news/terawulf-q3-revenue-bitcoin-price-growth”>TeraWulf reported</a> the same day that its revenues jumped 87% year-over-year to $50.6 million.</p><template data-ct-widget=”buzzsprout” data-buzzsprout-podcast-id=”2040516″ data-buzzsprout-episode-id=”18149921″/><p>Many Bitcoin miners have also begun to shift their operations toward powering artificial intelligence, and HIVE’s AI-focused computing arm achieved a record quarterly revenue of $5.2 million, representing a 175% increase from the same period last year.</p><p>Bitfarms announced on Thursday that it would <a href=”https://cointelegraph.com/news/bitfarms-plunges-18-after-plan-wind-down-bitcoin-mining-ops”>shut down its cryptocurrency mining</a> business over the next two years and pivot to AI, with its CEO, Ben Gagnon, stating that it was the best option for most US-based miners.</p><p><em><strong>Magazine: </strong></em><a href=”https://cointelegraph.com/magazine/big-questions-did-a-time-traveling-ai-invent-bitcoin/” rel=”” target=”_self” title=”https://cointelegraph.com/magazine/big-questions-did-a-time-traveling-ai-invent-bitcoin/”><em><strong>Big Questions: </strong></em></a><a href=”https://cointelegraph.com/magazine/big-questions-did-a-time-traveling-ai-invent-bitcoin/”><em><strong>Did a time-traveling AI invent Bitcoin?</strong></em></a></p><template data-name=”subscription_form” data-type=”crypto_biz” label=”Subscription Form: Crypto Biz Newsletter”/><p style=”display: inline;” class=”WPAuto_Base_Readability-styled”>
</p></div>
About The Author
