Bitcoin Miners Announced Mixed Results After Postelection Crypto Rally

Blockhead11-13

Bitcoin miners rolled out quarterly results this week as bitcoin continues to push to new record highs in the wake of the U.S. elections. Hut 8 cleared estimates and continues to expand into the ...

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Hut 8 cleared estimates and continues to expand into the ...</p>\n\n<a href=\"https://www.investors.com/news/bitcoin-miner-earnings-mara-hut-8-hive-digital-bitcoin-price/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Miners Announced Mixed Results After Postelection Crypto Rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Miners Announced Mixed Results After Postelection Crypto Rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-13 22:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/bitcoin-miner-earnings-mara-hut-8-hive-digital-bitcoin-price/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin miners rolled out quarterly results this week as bitcoin continues to push to new record highs in the wake of the U.S. elections. Hut 8 cleared estimates and continues to expand into the ...</p>\n\n<a href=\"https://www.investors.com/news/bitcoin-miner-earnings-mara-hut-8-hive-digital-bitcoin-price/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4596","symbol_name":"哈里斯概念","start_time":0,"source_url":"https://www.investors.com/news/bitcoin-miner-earnings-mara-hut-8-hive-digital-bitcoin-price/","article_id":"2483831198","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2018/02/Stock-bitcoin-35-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483831198","pubTimestamp":1731507877,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"Bitcoin miners MARA Holdings, HIVE Digital, Hut 8 announced quarterly results. Hut 8 expands AI business. 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HIVE Digital (HIVE) climbed on its mixed report. MARA Holdings tumbled premarket following an earnings miss.\nMeanwhile, bitcoin traded around $89,000 early Wednesday, easing slightly from its new record high on Monday of $89,995. The world's largest cryptocurrency has soared 112% so far this year.\n\n\n\n↑\nX\n\n\n\n\nDonald Trump Wins 2024 Election: What It Means For Market Trends, Tesla Stock And Cryptocurrency Prices\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nDonald Trump Wins 2024 Election: What It Means For Market Trends, Tesla Stock And Cryptocurrency Prices\n\n\n\n\nHut 8\nHut 8 (HUT) reported earnings of 1 cent per share, improved from a loss of 10 cents per share last year. Revenue leapt 101% to $43.74 million.\nFactSet expected a loss of 28 cents per share on $34.6 million in revenue.\nHut 8 mined 234 bitcoin during the quarter with an average revenue per coin of $61,025, compared to the mining cost of $31,482. The company held 9,106 bitcoin in reserve with a market value of $576.5 million at quarter-end. Hut 8 during the quarter also launched its GPU-as-a-Service business through its subsidiary, Highrise AI. The company has a five-year agreement with an AI cloud services provider, which includes fixed infrastructure payments and revenue-sharing.\nHut 8 also noted that its development pipeline exceeds 5 gigawatts. CEO Asher Genoot said that three of the projects in the pipeline are \"particularly promising large-scale AI data center projects.\" Collectively, the projects represent over 430 megawatts of capacity, which is expected to be available before the end of 2025. Meanwhile, the company is exploring commercial structures for the projects across a range of customer profiles.\nMeanwhile, Hut 8 is upgrading its ASIC bitcoin mining fleet, which it estimates should improve efficiency by 37%. The upgrades should begin in Q1 2025 and could be completed as early as the second quarter.\n\nHUT stock surged 6.2% early Wednesday. Shares rallied almost 79% this year through Tuesday's close.\nHIVE Digital\nHive Digital's loss improved to 6 cents per share from 29 cents per share last year, beating analyst estimates for a 9 cent loss. Revenue ticked down 0.5% to $22.65 million, missing FactSet expectations for $25 million.\nRevenue from digital currency mining fell 7.8% to $20.77 million. High performance computing revenue leapt to $1.88 million from $253,000 last year.\nHive Digital mined 340 bitcoin during the quarter, with a total bitcoin holding of 2,604 coins with $165.2 million at quarter-end.\n\nHIVE stock moved up slightly early Wednesday. Shares are up nearly 16% so far this year, including a more than 12% advance so far this week.\nMARA Holdings\nMARA Holdings (MARA) reported a loss of 42 cents per share, widening from a loss of 34 cents last year and missing FactSet estimates for a loss of 26 cents. Revenue increased 35% to $131.6 million, but fell short of expectations for $140.3 million.\nMARA held 26,747 bitcoin on its balance sheet at the end of the quarter. The company produced 2,070 bitcoin during Q3 and purchased another 6,210. MARA purchased 4,144 of the acquired bitcoin using proceeds from a $300 million convertible note offering, with an average price of $59,500 per bitcoin.\nThe company's mining fleet also increased by 7% to 268,000 miners. MARA did not sell any bitcoin during the quarter.\n\nMARA stock narrowed its early losses to 4% premarket Wednesday. Shares vaulted nearly 32% to start the week as bitcoin hit new record highs.\nMARA stock climbed 7.4% this year.\nYou can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison\nYOU MAY ALSO LIKE:\nKeep Up With Cryptocurrency Prices and News\nLooking For The Next Big Stock Market Winners? Start With These 3 Steps\nJoin IBD Live And Learn Top Chart Reading And Trading Techniques From Pros\nLearn How To Time The Market With IBD's ETF Market Strategy","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483831198"}