HIVE Digital Q3 net loss $78.7 million, mining output 1,070 BTC.

BlockBeats news, November 10 - Bitcoin mining company HIVE Digital Technologies reported its fiscal Q3 2026 results for the period ending September 30, with a net loss of $78.7 million, compared to a net loss of $15.8 million in the same period last year.

According to the company's latest financial report released on Monday, Q3 revenue was $84.9 million, down 2.7% year-over-year.

During the quarter, HIVE earned 1,070 BTC in mining rewards, up 49% from 718 BTC in the same period last year; mining revenue was $76 million, lower than $82.1 million in the same period last year. The company said the average Bitcoin price during the quarter was $71,003, far below $114,382 in the same period last year, which was the main reason for the decline in mining revenue. In addition, HIVE recorded a $31.2 million impairment loss after assessing the recoverable value of mining equipment, with depreciation expenses reaching $54.9 million, and adjusted EBITDA of $24.8 million.