Hut 8 Mining Corp. reported strong third-quarter earnings, with revenue reaching $43.7 million, surpassing estimates of $38.5 million. The company achieved a net income of $0.9 million and an adjusted EBITDA of $5.6 million. During the quarter, Hut 8 mined 234 Bitcoin, generating a weighted average revenue of $61,025 per Bitcoin, while the cost to mine each Bitcoin was $31,482. The company holds 9,106 Bitcoin in reserve, reflecting a robust market value. Additionally, Hut 8 noted a 9% reduction in power prices quarter-over-quarter and anticipates power delivery for a potential 430 megawatts of AI capacity by the end of 2025. In contrast, Hive Blockchain Technologies reported total revenue of $22.6 million and a net loss of $7.3 million, although this marked an improvement from a $22.9 million loss in the same period last year.