HIVE’s Bitcoin output jumps 49%, but mining revenue still falls

HIVE’s mining revenue fell 7.4% despite higher production, while its AI hosting business grew 71%.
This story was originally published by Cointelegraph.

HIVE’s mining revenue fell 7.4% despite higher production, while its AI hosting business grew 71%.
This story was originally published by Cointelegraph.
Both miners reported higher Bitcoin production but lower mining revenue and rising electricity costs as they expanded their AI infrastructure businesses.
Michael Saylor’s Bitcoin treasury firm, Strategy (MSTR), stacked $82 million worth of BTC in the past week. The company bought 1,036 Bitcoin at an average purchase price of $79,012 per coin…
MARA posted a $634.4 million Q3 net profit, then sold 13,597 BTC to repay $750 million in loans as it pivots to AI.
Bitcoin Core developer Luke Dashjr raised nine concerns about Coldcard’s random-number code on Monday, saying he had first raised them with Coinkite privately. He posted the list to counter what he…
Amundi, Europe’s largest asset manager, raised its stake in Strategy (MSTR) by about 44% in the third quarter, a Form 13F filed Nov. 6 shows, lifting the position to 1,903,725 shares worth $291.4…
U.S. stocks rallied as oil fell, but Bitcoin hovered near $75,000 after a wave of liquidations, with Tuesday’s inflation report set to test bets on a December Fed rate hike.