Hive's revenue increased by 219% year-over-year in the third quarter of its fiscal year, but it suffered a net loss of $91 million due to accelerated depreciation.

PANews reported on February 17th that Bitcoin mining company Hive announced that in the third quarter of its fiscal year ending December 31, 2025, the company's revenue reached $93.1 million, a year-on-year increase of 219% and a quarter-on-quarter increase of 7%. Hive also achieved a record high quarterly revenue last November.

Hive attributed its revenue growth to the overall expansion of its Bitcoin hashrate clusters and the BUZZ high-performance computing platform. However, a net loss of $91.3 million from Hive Mining Company, due to "accelerated depreciation and non-cash revaluation adjustments related to its expansion in Paraguay," undermined its success in revenue growth.