Hive's Bitcoin Mining Dominates Daily Revenue Amid Ongoing AI Expansion

HIVE Digital Technologies reported that its Bitcoin-mining and GPU-cloud businesses generated over $1 million in combined average daily revenue from August 21 to September 10. The company's AI pivot contributed less than 10% to this total, with the majority coming from Bitcoin mining.

The data shows that the GPU cloud business produced around $100,000 per day during the period, while Bitcoin mining supplied more than nine-tenths of the reported revenue. HIVE mined an average of about 12 Bitcoin per day, which is roughly 2% of global network production.

The company's preliminary, unaudited management estimates tie the result to prevailing Bitcoin prices, network difficulty, and operating conditions.