Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Tuesday Nov 18 2025 06:00
2 min
HIVE Digital Technologies witnessed a substantial surge in its stock price following the announcement of record revenue for its most recent quarter, further contributing to the sector's gains stemming from Bitcoin's mid-year rally. ### Revenue and Financial Performance HIVE disclosed on Monday that it achieved “record revenue” for the quarter ending September 30, amounting to $87.3 million. This figure represents a remarkable 285% increase compared to the same period last year and nearly doubles the revenue from the previous quarter. However, the company reported a net loss of $15.8 million for the quarter, which they attributed to the “accelerated two-year depreciation” of Bitcoin (BTC) mining machines deployed in their expansion initiatives in Paraguay. ### Management Commentary Frank Holmes, Executive Chairman of HIVE, stated, “Despite Bitcoin hashprice being up only about 25% year-over-year, our revenue soared 285% year-over-year due to our aggressive hashrate expansion.” ### HIVE Stock Performance Shares in HIVE Digital (HIVE) concluded trading on Monday with a gain of 7.55% and continued to rise by 0.56% after hours, reaching $3.58. HIVE's stock has appreciated by 25% year-to-date, but it has declined from a 2025 peak of $6.96 in early October, mirroring Bitcoin's downturn as investors divest from riskier assets. ### Bitcoin Mining Metrics The company reported that its Bitcoin mining revenue for the quarter doubled from the previous year, reaching $82.1 million. HIVE successfully mined 717 BTC despite an “increase in network difficulty.” ### Performance of Other Mining Companies Other Bitcoin mining companies reporting soaring revenues for the quarter ending September 30 include Bitdeer, which announced on November 10 that its revenues had climbed 174% year-over-year to $169.7 million. TeraWulf also reported on the same day that its revenues had jumped 87% year-over-year to $50.6 million. ### Pivot to Artificial Intelligence Many Bitcoin mining firms have also begun shifting their operations towards powering artificial intelligence applications. HIVE's AI-focused computing division achieved a record quarterly revenue of $5.2 million, marking a substantial 175% increase compared to the same period last year. Bitfarms announced on Thursday that it would shut down its cryptocurrency mining business over the next two years and pivot to AI, with its CEO, Ben Gagnon, stating that it was the optimal choice for most US-based miners.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
Latest
View all
Thursday, 13 August 2026
5 min
Wednesday, 12 August 2026
7 min
Wednesday, 12 August 2026
7 min
Thursday, 13 August 2026
Indices
Gold Price Today, August 14: XAU/USD Falls Below $4,350 as Profit-Taking Deepens
Thursday, 13 August 2026
Indices
SanDisk Stock Jumps Nearly 14% on Bullish 2030 Targets, Lam Research Gains Over 3%
Thursday, 13 August 2026
Indices
KOSPI Rises 2.7% Towards 7,000 as SK Hynix Gains 6% and Kioxia Jumps 7%
Wednesday, 12 August 2026
Indices
Gold Price Today, August 13: Gold Climbs Above $4,400 as Cooler US CPI Cuts Fed Hike Bets
EN
