How did HIVE Digital Technologies’ mining business perform in its fiscal second quarter ended September 30? The company earned 1,070 BTC in mining rewards, up from 718 BTC a year earlier, but mining revenue fell from $82.1 million to $76 million. HIVE said a lower average Bitcoin price during the quarter was the main reason for the revenue decline.
HIVE reported $84.9 million in total revenue, down 2.7% year over year, and a $78.7 million net loss, compared with a $15.8 million loss a year earlier. The company also recorded a $31.2 million impairment charge on mining equipment. Its BUZZ high-performance computing business generated $8.8 million in revenue, up 70.7% year over year.
The figures show that higher BTC output did not translate into higher mining revenue that quarter. The equipment impairment is a separate charge; the report does not provide enough information to calculate HIVE’s electricity costs or mining profitability per BTC.
Originally reported by TechFlow on November 10, 2026, at 19:55:09 UTC+08:00, citing The Block.