LATEST: ️ Bitcoin miner HIVE Digital says it now exceeds $1M in average daily revenue, combining ~12 BTC/day in Bitcoin production with ~$100K/day in GPU cloud services from its BUZZ HPC subsidiary.

What happened

HIVE Digital, a Bitcoin mining company, announced it now earns over $1 million per day on average. This comes from roughly 12 Bitcoin mined daily and about $100,000 daily from GPU cloud services through its BUZZ HPC subsidiary.

Confirmed

Global impact / market context

This shows HIVE is growing beyond just mining digital coins, now earning steady income from renting out its powerful computer chips, called GPUs, for cloud work. That extra revenue could make the business more stable if Bitcoin's price drops, which may attract more investors.

Analyst inference

Bitcoin miners often rely solely on coin prices, so HIVE's added cloud service income offers a buffer. For investors, this diversification could reduce risk tied to Bitcoin swings, though Bitcoin's value still drives most of the company's daily earnings.

Analyst inference

What to watch

1. HIVE says average daily revenue now exceeds $1 million, so watch for future company reports to confirm this income level continues and is not just a short-term peak. Confirmed
2. Investors might track whether BUZZ HPC's $100,000 daily cloud revenue grows, suggesting strong demand for its GPU services, which are specialized chips used for heavy computing tasks. Proposed
3. Watch Bitcoin's price, since 12 coins mined daily means HIVE's revenue directly shifts with market value, so a price drop could reduce total daily income despite cloud gains. Analyst inference

Affected assets

• HIVE — Hive
• BTC — Bitcoin

Evidence

• x.com