Bitcoin mining supplies 90% of HIVE’s $1 million daily revenue despite ongoing 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, quantifying how much its AI pivot contributes to current operations.GPU cloud produced about $100,000 a day over the period, according to HIVE’s Sept. 10 update. That means the AI business is generating operating revenue, but it accounted for less than roughly 10% of the reported total. Bitcoin mining supplied more than nine-tenths.Infographic shows HIVE averaging more than $1 million in daily revenue, with 90% from Bitcoin mining and 10% from GPU cloud services.Mining still carries the transitionHIVE 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 pe...