HIVE Digital Technologies and MARA Holdings both reported increased Bitcoin production for the September quarter, with HIVE's output rising 49% to 1,070 BTC and MARA's increasing 5% to 2,247 BTC. However, both companies faced declining mining revenues due to weaker Bitcoin prices, with HIVE's revenue falling 7.4% to $76 million and MARA's dropping 34% to $159 million. Additionally, HIVE's electricity costs rose 20% to $45.6 million, while MARA's increased 12% to $48.1 million. HIVE also recorded a $31.2 million noncash write-down on mining equipment, citing 'depressed mining economics.'

Bitcoin & EthereumAVENI Wire
HIVE and MARA Report Increased Bitcoin Production Amid Falling Revenues
CointelegraphOriginal source · cointelegraph.com
