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.

