Bitcoin miners report higher production and lower revenue amid rising power costs
Image: CointelegraphHIVE Digital Technologies and MARA Holdings mined more Bitcoin in the September quarter than a year earlier. Lower Bitcoin prices and rising electricity costs resulted in reduced mining revenue for both companies. HIVE produced 1,070 BTC, while MARA produced 2,247 BTC. Both firms expanded their artificial intelligence and high-performance computing operations during the quarter.
Key points
- HIVE and MARA both mined more Bitcoin in the September quarter than a year earlier.
- Both companies reported lower Bitcoin mining revenue due to weaker prices.
- Both firms recorded increases in their electricity costs during the quarter.
- Both miners are investing in artificial intelligence and high-performance computing infrastructure.
Why it matters
Lower Bitcoin prices and rising power bills squeeze mining margins, prompting firms to expand into artificial intelligence infrastructure and use treasury holdings as funding sources.
What's unclear
MARA reported differing net income figures of $634.4 million and $632.1 million across the separate reports.
Price context · BTC
At publication
$75,002.00
Now
$74,885.00
Change since
−0.16%
7 days · dashed line = publication
Sources · 2 publishers
Crypto Briefing
Tier 2
HIVE, MARA mine more Bitcoin but bring in less revenue as prices slide
Coverage timeline
- First reported by Cointelegraph
- Also reported by Crypto Briefing
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
