HIVE Reports Quarterly Net Loss Amid Falling Mining Revenue
HIVE recorded a net loss of $78.7 million for the quarter alongside $84.9 million in revenue as its bitcoin mining operations faced lower earnings.
Digital asset miner HIVE announced a quarterly net loss of $78.7 million as revenue declined. Total revenue for the period reached $84.9 million.
During the same timeframe, the company generated $8.8 million in revenue from its expanding artificial intelligence operations, even as traditional bitcoin mining revenues decreased.
Original report: The Block ↗
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