HIVE and Marathon Digital CEOs report that AI business revenue now exceeds cryptocurrency mining revenue.
AI & Agents ·
HIVE's Executive Chairman and the CEO of Marathon Digital, described as the largest American public cryptocurrency miner, have disclosed that their artificial intelligence operations now generate substantially more revenue than their cryptocurrency mining businesses. According to reporting on the development, HIVE's AI compute operations on GPUs produce approximately 10 times more revenue per hour than Bitcoin mining, with the company aiming for AI to represent half of total revenue by year-end.
The shift reflects a broader strategic pivot among major cryptocurrency miners toward GPU-based AI infrastructure as demand for compute capacity has grown. Both executives indicated that this revenue transition has already taken effect, marking a material change in the business composition of these formerly mining-focused operations.
The extent to which this revenue mix holds through the remainder of the year, or whether the 50 percent AI revenue target will be achieved, remains to be seen. Additionally, the specific financial figures underlying these claims and their verification through public filings have not yet been disclosed.