HIVE and MARA Boost Bitcoin Mining as Revenue Drops With Prices

HIVE Digital Technologies and MARA Holdings both mined more Bitcoin in the September quarter than they did a year earlier, but their revenue from mining fell—highlighting how quickly miners’ balance sheets can be dominated by the direction of Bitcoin prices and operating costs. Based on their latest regulatory filings, HIVE increased production by 49% to 1,070 BTC while mining revenue dropped 7.4% to $76 million. MARA reported a 5% rise in output to 2,247 BTC , yet Bitcoin mining revenue fell 34% to $159 million, as weaker pricing overwhelmed the gains from higher production volumes.