Bitcoin mining company Hive's revenue increased by 219% year-over-year, but net loss was $91 million due to accelerated depreciation.

MarsBitNews · 2026-02-17T15:09:24+00:00

Bitcoin mining company Hive announced that the revenue for the third quarter of fiscal year 2025 was $93.1 million, a year-over-year increase of 219% and a quarter-over-quarter increase of 7%. Despite the significant revenue growth, Hive reported a net loss of $91.3 million due to depreciation and revaluation adjustments caused by expansion in Paraguay.

MarsBitNews

2026-02-17 15:09:24

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Mars Finance reports that on February 17, Bitcoin mining company Hive announced that for the fiscal third quarter ending December 31, 2025, the company’s revenue reached $93.1 million, a year-over-year increase of 219% and a quarter-over-quarter increase of 7%. In November last year, Hive also set a new quarterly revenue record. Hive attributed the revenue growth to the comprehensive expansion of its Bitcoin mining hash rate cluster and BUZZ high-performance computing platform. However, due to “accelerated depreciation related to Paraguay expansion and non-cash revaluation adjustments,” Hive Mining Company reported a net loss of $91.3 million, which offset its revenue growth success.

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