[Bitcoin Mining Dominates HIVE Revenue, Accounting for Over 90% of Daily Income Amid AI Expansion]
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, illustrating how the AI pivot shapes current operations.
GPU cloud produced about $100,000 a day over the same window, per HIVE’s Sep 10 update; this denotes an AI‑focused operation that contributes less than roughly 10 % of the overall total, while Bitcoin mining supplied more than nine‑tenths.
Mining still carries the transition
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.
The dollar value of mining output can change with Bitcoin’s 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.
Bitcoin miners are no longer pure crypto proxies and are morphing into high‑performance computing hubs
HIVE said those operations contributed less than 5% of the company’s global daily revenue in August and that it intends to wind down mining at the facilities.
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 announced the conversion is complete, and its caution that the wind‑down and repurposing may not proceed as planned.
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.
The next test is whether HIVE can turn more of its signed agreements and letters of intent, together with its existing infrastructure, into recognized GPU‑cloud revenue without losing the mining cash flow carrying the shift.
