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Bitcoin Miners Hut 8, Bitfarms, and HIVE Digital Report Q3 Earnings

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#Bitcoin
$BTC
The Block
912Words
Nov 13, 2024

Several publicly traded bitcoin miners reported third-quarter earnings, with Hut 8, Bitfarms, and HIVE Digital Technologies providing updates. Hut 8 reported revenue of $43.7 million, beating estimates, and doubled its year-ago figure. HIVE Digital Technologies showed adjusted EBITDA of $5.6 million and a net loss from continuing operations of $7.7 million. Bitfarms reported third-quarter revenue of $45 million, up 8% from the prior quarter.

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