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The Bitcoin miner says its Boden facility could generate $45 million annually, but a June letter of intent remains nonbinding as executives negotiate financing and customer protections for the project.
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HIVE Digital Technologies has added 79 Bitcoin to its treasury during the September quarter, lifting its holdings to 269 BTC while Riot Platforms and CleanSpark have reduced their reserves. HIVE’s SEC filing, released alongside its Nov. 9 results, recorded 269…
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Both miners reported higher Bitcoin production but lower mining revenue and rising electricity costs as they expanded their AI infrastructure businesses.
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HIVE’s mining revenue fell 7.4% despite higher production, while its AI hosting business grew 71%.
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