{"id":13084,"date":"2026-09-11T03:52:24","date_gmt":"2026-09-11T03:52:24","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=13084"},"modified":"2026-09-11T03:52:24","modified_gmt":"2026-09-11T03:52:24","slug":"bitcoin-mining-supplies-90-of-hives-1-million-daily-revenue-despite-ongoing-ai-expansion","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=13084","title":{"rendered":"Bitcoin mining supplies 90% of HIVE\u2019s $1 million daily revenue despite ongoing AI expansion"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>HIVE Digital Technologies said its Bitcoin-mining and GPU-cloud businesses generated more than $1 million in combined average daily revenue from Aug. 21 through Sept. 10, quantifying how much its AI pivot contributes to current operations.<\/p>\n<p>GPU cloud produced about $100,000 a day over the period, according to HIVE\u2019s Sept. 10 update. That means the AI business is generating operating revenue, but it accounted for less than roughly 10% of the reported total. Bitcoin mining supplied more than nine-tenths.<\/p>\n<figure id=\"attachment_561615\" aria-describedby=\"caption-attachment-561615\" style=\"width: 720px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-561615\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-908a0f04-97ba-439d-b7e6-a73415261393.png\" alt=\"Infographic showing HIVE\u2019s preliminary Aug. 21 to Sept. 10 revenue mix: more than $1 million a day combined, with GPU cloud below roughly 10% and Bitcoin mining above roughly 90%.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-908a0f04-97ba-439d-b7e6-a73415261393.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-908a0f04-97ba-439d-b7e6-a73415261393-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-908a0f04-97ba-439d-b7e6-a73415261393-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-908a0f04-97ba-439d-b7e6-a73415261393-768x960.png 768w\" sizes=\"(max-width: 720px) 100vw, 720px\"\/><img decoding=\"async\" class=\"lazyload wp-image-561615\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-908a0f04-97ba-439d-b7e6-a73415261393.png\" alt=\"Infographic showing HIVE\u2019s preliminary Aug. 21 to Sept. 10 revenue mix: more than $1 million a day combined, with GPU cloud below roughly 10% and Bitcoin mining above roughly 90%.\" width=\"720\" height=\"900\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-908a0f04-97ba-439d-b7e6-a73415261393.png 1122w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-908a0f04-97ba-439d-b7e6-a73415261393-240x300.png 240w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-908a0f04-97ba-439d-b7e6-a73415261393-819x1024.png 819w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/09\/exec-908a0f04-97ba-439d-b7e6-a73415261393-768x960.png 768w\" data-sizes=\"(max-width: 720px) 100vw, 720px\"\/><figcaption id=\"caption-attachment-561615\" class=\"wp-caption-text\">Infographic shows HIVE averaging more than $1 million in daily revenue, with 90% from Bitcoin mining and 10% from GPU cloud services.<\/figcaption><\/figure>\n<h2>Mining still carries the transition<\/h2>\n<p>HIVE said it mined an average of about 12 Bitcoin per day during the period, equal to roughly 2% of global network production. The revenue figures are preliminary, unaudited management estimates, and the company tied the result to prevailing Bitcoin prices, network difficulty, and operating conditions.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining the Daily Brief\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Daily Brief <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">The signal, before the noise.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Start your day with the crypto stories moving markets, decoded by CryptoSlate\u2019s editors.<\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__form-heading\">One email. Everything that matters.<\/p>\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Free to join. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span><strong>You\u2019re on the list.<\/strong> Your next Daily Brief is on its way.<\/span><\/p>\n<\/div>\n<\/div>\n<\/aside>\n<p>The dollar value of mining output can change with Bitcoin\u2019s price and network economics. GPU cloud gives HIVE an operating foothold in AI infrastructure, while mining still supplied most of its reported revenue during the period.<\/p>\n<p>HIVE said it had closed more than $600 million in GPU-cloud total contract value year to date, combining signed customer agreements and letters of intent. The company warned that total contract value is not recognized revenue and does not guarantee future revenue.<\/p>\n<p>That distinction follows August reports of a $350 million AI cloud agreement and the financing and execution demands of the related $185 million GPU buildout. The new disclosure shows the AI business generating revenue, but the much larger commercial pipeline still depends on delivery over time.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Bitcoin miners are no longer pure crypto proxies and are morphing into high-performance computing hubs<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>HIVE said those operations contributed less than 5% of the company&#8217;s global daily revenue in August and that it intends to wind down mining at the facilities.<\/p>\n<p>HIVE is evaluating whether to repurpose the sites for high-performance computing, the data-intensive infrastructure used for services such as AI. It has not said the conversion is complete, and its release cautioned that the wind-down and repurposing may not proceed as planned.<\/p>\n<p>For now, the operating numbers show a two-speed transition. AI cloud has become a revenue-producing business, while Bitcoin mining remains the financial engine.<\/p>\n<p>The next test is whether HIVE can turn more of its signed agreements and letters of intent, along with its existing infrastructure, into recognized GPU-cloud revenue without losing the mining cash flow carrying the shift.<\/p>\n<\/div>\n<p>AI,Earnings,Featured,Mining,Bitcoin,BTC,miningAI,Bitcoin,BTC,mining#Bitcoin #mining #supplies #HIVEs #million #daily #revenue #ongoing #expansion1789098744<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HIVE Digital Technologies said its Bitcoin-mining and GPU-cloud businesses generated more than $1 million in combined average daily revenue from Aug. 21 through Sept. 10, quantifying how much its AI pivot contributes to current operations. GPU cloud produced about $100,000 a day over the period, according to HIVE\u2019s Sept. 10 update. That means the AI<\/p>\n","protected":false},"author":1,"featured_media":13085,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1065,91,285,5374,3101,6212,406,447,252,604,6601],"class_list":["post-13084","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-ai","tag-bitcoin","tag-btc","tag-daily","tag-expansion","tag-hives","tag-million","tag-mining","tag-ongoing","tag-revenue","tag-supplies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin mining supplies 90% of HIVE\u2019s $1 million daily revenue despite ongoing AI expansion - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"HIVE&#039;s preliminary figures for Aug. 21 through Sept. 10 show GPU-cloud revenue at about $100,000 a day, while Swedish reuse remains under evaluation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=13084\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin mining supplies 90% of HIVE\u2019s $1 million daily revenue despite ongoing AI expansion\" \/>\n<meta property=\"og:description\" content=\"HIVE&#039;s preliminary figures for Aug. 21 through Sept. 10 show GPU-cloud revenue at about $100,000 a day, while Swedish reuse remains under evaluation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=13084\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-11T03:52:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/hive-bitcoin-ai-engine.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13084\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=13084\",\"name\":\"Bitcoin mining supplies 90% of HIVE\u2019s $1 million daily revenue despite ongoing AI expansion - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13084#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13084#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/hive-bitcoin-ai-engine.jpg\",\"datePublished\":\"2026-09-11T03:52:24+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"HIVE&#039;s preliminary figures for Aug. 21 through Sept. 10 show GPU-cloud revenue at about $100,000 a day, while Swedish reuse remains under evaluation.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13084#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=13084\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13084#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/hive-bitcoin-ai-engine.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/09\/hive-bitcoin-ai-engine.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=13084#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin mining supplies 90% of HIVE\u2019s $1 million daily revenue despite ongoing AI expansion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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