HIVE's $84.7M Swedish Tax Provision Dwarfs Quarterly Revenue
Underneath the tax hit, the real story is the math: top 10 public miners can pull $4.1B from AI contracts versus $4.7B-$9.3B from BTC, depending on price.
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Underneath the tax hit, the real story is the math: top 10 public miners can pull $4.1B from AI contracts versus $4.7B-$9.3B from BTC, depending on price.
Public miners kept cutting July output even as BTC recovered from June's rout. The real read is in the hashrate line, falling across the board while treasuries get drawn down to fund the next leg.
Lower network difficulty did not soften the hit: CleanSpark and BitFuFu logged month-on-month production declines, while Canaan used the window to push its BTC treasury to a record.