Bitcoin price: HIVE’s Bitcoin output leaps 49%, but mining revenue still drops
The firm produced 1,070 Bitcoin in the three months ended Sept. 30, 2026, up from 718 a year earlier, according to its latest regulatory filing. Mining revenue dropped 7.4% to $76 million as the average price of Bitcoin dropped to $71,003 from $114,382 in the…
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In today's Bitcoin price news, the firm produced 1,070 Bitcoin in the three months ended Sept. 30, 2026, up from 718 a year earlier, according to its latest regulatory filing. Mining revenue dropped 7.4% to $76 million as the average price of Bitcoin dropped to $71,003 from $114,382 in the prior-year period.
Key points
- HIVE's HPC hosting revenue advanced 71% to $8.8 million, accounting for 10.4% of its quarterly revenue in the latest quarter.
- HIVE also is set to spend roughly $35 million converting its Toronto facility into a Tier-III data center.
- The feebler revenue came alongside an increasing power bill.
- American Bitcoin last week reported softer mining margins in spite of a treasury-driven quarterly profit.
Bitcoin price: the details
The feebler revenue came alongside an increasing power bill. American Bitcoin last week reported softer mining margins in spite of a treasury-driven quarterly profit, while Core Scientific noted it aims to leave mining entirely by year-end. HIVE's HPC hosting revenue advanced 71% to $8.8 million, accounting for 10.4% of its quarterly revenue in the latest quarter.
HIVE also is set to spend roughly $35 million converting its Toronto facility into a Tier-III data center.
Why traders are watching Bitcoin price
Crypto markets trade around the clock and react quickly to regulation, ETF flows, liquidity conditions and broader risk sentiment. Moves in Bitcoin often set the tone for the rest of the digital-asset market.
Changes in interest-rate expectations and institutional flows have become major drivers of crypto prices, linking them more closely to traditional markets.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-10 00:49 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 75,056.01 | -0.12% | 75,599.22 | 73,750.00 |
| Ethereum (ETH) | 2,127.22 | -0.77% | 2,160.50 | 2,083.10 |
What to watch next for Bitcoin price
Watch for ETF flow data, regulatory news, large on-chain movements and shifts in overall risk appetite in stock markets.
Follow every update in our Top 10 Crypto News Today, read Bitcoin price: Mercado Bitcoin begins post-hack reopening without a timeline for withdrawals or see all of today's top market news.
FAQ
What is the latest Bitcoin price news?
The firm produced 1,070 Bitcoin in the three months ended Sept. 30, 2026, up from 718 a year earlier, according to its latest regulatory filing.
What moves the price of Bitcoin?
Bitcoin reacts to institutional and ETF demand, regulation, liquidity and interest-rate expectations, as well as general risk sentiment in financial markets.
Where does this information come from?
This report is based on coverage from Cointelegraph, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
