HIVE’s Bitcoin output up 49%, but revenue drops 7.4%
HIVE increased Bitcoin production by 49% but saw a 7.4% drop in mining revenue, while its AI hosting grew 71%.
Pro Full levels on educational trade ideas & Pro Hub - 7-day free trial, then $5.90/mo. Cancel anytime.
Original OpenBook briefings on bitcoin, ethereum and the wider crypto market, based on public market reporting. Follow an instrument on its market page.
HIVE increased Bitcoin production by 49% but saw a 7.4% drop in mining revenue, while its AI hosting grew 71%.
Formation Securities will create a Solana-based venue for 24/7 tokenized trading of shares from Galaxy Digital, Exodus and Forward Industries, 2027.
Bitcoin climbs above $73,500 as Nasdaq rallies; Nvidia shares fall amid analyst’s $68k price target.
AVAX jumps 10% after NYSE chooses Avalanche blockchain for tokenized stock platform settlement.
The $2.85B Binance hack demonstrates stablecoin freeze mechanisms work, prompting calls for UK to mandate freeze rules for listed coins.
Last week saw a $1.21B net outflow from BlackRock’s IBIT amid Bitcoin’s dip below $76,000 and a selloff in U.S.
Ethereum developers pause Glamsterdam fork on Hoodi platform pending resolution of eight smart contract invariant concerns.
Zcash’s NU7 upgrade renders $15M of legacy Sprout funds unspendable, though a future upgrade may restore access.
Hyperliquid Strategies’ treasury company has spent $785 million on tokens this quarter and is seeking US registration to launch perpetual futures.
Core Scientific plans to stop Bitcoin mining by year-end and shift to data center services, with mining now only 7.5% of quarterly revenue.
Asian crypto platforms are bolstering security measures after a surge in hack fears, while governments push tokenization and stablecoins.
US regulators are reviewing banks’ crypto exposure after Binance’s $6.3B hack, with experts warning of transaction security risks.