In brief HIVE says its 32-megawatt Big Boden facility in Sweden could generate $45 million in annual AI colocation revenue. The proposed …
Revenue
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Revenue nevertheless fell from US$31.9 million in the preceding quarter. Mining equipment sales contributed US$4.8 million, down from US$13.6 million sequentially and …
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HIVE’s results add to signs of pressure on Bitcoin mining economics. American Bitcoin last week reported weaker mining margins despite a treasury-driven …
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Markets
Cipher Digital Starts Booking HPC Lease Revenue as $9.1B Contract Takes Shape
by shayaanby shayaanTL;DR: Cipher Digital says it recognised its first high-performance-computing lease revenue in the third quarter of 2026 and extended its Barber Lake …
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Finance
Circle reports $865M Q3 revenue – Can USDC challenge Tether’s dominance?
by shayaanby shayaanOn the financial front, Circle generated $658 million in reserve income, down 8% from the previous year. This decline was primarily attributed …
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Mining
Terawulf and IREN Bet Big on AI as Bitcoin Mining Revenue Shrinks – Bitcoin News
by shayaanby shayaanKey Takeaways Terawulf’s Q3 2026 HPC lease revenue reached $63 million, driving total revenue to $76.2 million. Bitcoin miners like Terawulf and …
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Mining
TeraWulf posts $76.2 million Q3 revenue as AI leases outgrow Bitcoin mining
by shayaanby shayaanThe quarter’s bottom line looked dramatic. Net income reached approximately $709.9 million, which is far larger than the revenue that generated it. …
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Mining
IREN pushes more than $4 billion in annualized revenue target to January
by shayaanby shayaanThe numbers behind the delay Start with the good news. IREN posted revenue of $228 million for the quarter, up 66% from …
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Mining
Core Scientific posts $1.2B profit as colocation revenue jumps 60% in Q3
by shayaanby shayaanColocation is easiest to picture as a hotel for computers. Customers bring their own servers and chips. Core Scientific supplies the building, …
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Mining
American Bitcoin reports Q3 mining revenue of $63.4M, swings to $126M profit
by shayaanby shayaanNet income was the headline act. The company moved from a loss of approximately $57.2 million in Q2 to a profit of …