HIVE posts $78.7M quarterly loss as AI revenue starts to show
The miner reported $84.9 million in revenue, with $8.8 million coming from its AI business, but still ended the quarter deep in the red.
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Key takeaways
- HIVE reported a quarterly net loss of $78.7 million.
- Total revenue came in at $84.9 million.
- The AI business contributed $8.8 million of that revenue.
- Bitcoin mining revenue fell, according to the report.
HIVE lost $78.7 million for the quarter. Revenue hit $84.9 million, and about $8.8 million of it came from the AI business. Big revenue, bigger hole.
The numbers
That AI line is small. $8.8 million is roughly a tenth of total revenue. But it's growing while bitcoin mining revenue slips, and that's exactly the shift the company wants investors to see.
What we don't have is a breakdown of what drove the loss, or how far mining revenue actually fell. I'm not going to guess at either.
Why it matters
HIVE is another miner leaning on AI work to offset a weaker mining business. If you hold or trade mining stocks, here's the thing to watch: does AI revenue grow fast enough to matter, or does it only soften the blow? One quarter can't answer that. A $78.7 million loss on $84.9 million in revenue shows how much ground is left to cover.
Source: The Block
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Priya Nair
Priya covers the AI side of crypto — agent tokens, decentralised compute and where the two industries actually meet.
