HIVE's Bitcoin Mining Drives More Than 90% of Daily Revenue, GPU Cloud Adds About $100,000

HIVE said Bitcoin mining accounted for more than nine-tenths of its combined average daily revenue, which topped $1 million, from Aug. 21 through Sept. 10. According to NS3.AI, GPU cloud contributed about $100,000 a day during the same period. The company said the figures are preliminary and unaudited management estimates. HIVE also said it had closed more than $600 million in GPU-cloud total contract value year to date, but noted that the figure does not represent recognized revenue or guarantee future revenue.