HIVE reports $78.7M quarterly net loss as mining revenue falls, AI business grows

The headline loss matters less than the mix shift it exposes: a miner's revenue base is being reshaped by AI compute while its core mining line weakens. For HIVE, that puts pressure on the argument that has justified miners diversifying into AI — that the new business can offset hashprice volatility rather than simply add capital intensity. The open question is whether the AI segment's contribution keeps scaling fast enough to matter against mining's decline, and how the loss is composed between impairment, depreciation and operating costs.