HIVE Grows Bitcoin (BTC) Treasury 41.6% in September Quarter

HIVE Treasury Grows 41.6%

HIVE Digital Technologies added 79 Bitcoin (BTC) to its corporate treasury during the September quarter, a 41.6% increase that lifted holdings to 269 coins. The figures arrived with the Nov. 9 results, and the September 10-Q filing records 269 BTC as of Sept. 30, up from 190 BTC in the June filing, with the reserve valued at $22.4 million. That build stands out in a quarter when most listed miners drew down what they held, and it turns HIVE's balance sheet into a scaled-down strategic Bitcoin reserve at a company better known for hosting artificial-intelligence hardware. The period is calendar Q3, which for HIVE is also its fiscal second quarter of 2027. The Bitcoin (BTC) price sits at $73,552 at the time of writing, down 1.8% over the past 24 hours. Reconciling the two filings shows the company mined 1,070 Bitcoin (BTC) and sold 991 BTC between July and September, so quarterly crypto mining output left the treasury at a sales-to-production ratio near 92.6%, while net additions came to 7.4% of coins produced. Digital currency sales generated $70 million of proceeds over the three months. Across the six-month window the balance rose from 150 BTC to 269 BTC, on 2,074 BTC mined, 1,909 BTC sold and 46 BTC transferred as equipment deposits; HIVE separately holds options to repurchase 212 BTC previously moved for equipment deposits. The same release reported total revenue of $84.9 million, with mining revenue of $76 million down 7.4% year over year and HPC revenue up 70.7% to $8.8 million; the company closed the quarter with $139 million in cash against a $78.7 million net loss. CEO Aydin Kilic said $129 million of financing covers GPU purchases under its Bell and Cohere agreement, with a 2,304-GPU cluster expected to ship before year-end.

Riot and CleanSpark Draw Down

Riot Platforms moved in the opposite direction. Its quarterly filing discloses 20,264 Bitcoin (BTC) sold across the first nine months of 2026 for nearly $1.5 billion, and subtracting the 9,665 BTC in its first-half filing puts Q3 sales at 10,599 BTC. With 2,418 BTC left at September-end, management said the sales primarily funded data center development and the full repayment of a $200 million credit facility, and Riot expects to keep selling substantially all the Bitcoin it mines for development, operating expenses and working capital. The company also completed its custody transfer from NYDIG to BitGo on Oct. 29 without early termination penalties. CleanSpark, another ASIC mining operator, sold or delivered 2,102 BTC against production of 1,708 BTC from July through September, cutting holdings by 394 to 13,530 BTC, of which 3,475 BTC sat as collateral or derivatives-related receivables. Monthly updates put production at 586 BTC in July, 593 in August and 529 in September, against sales and deliveries of 579, 821 and 702 respectively. September's own activity was almost entirely 700 BTC delivered through call option exercises, against just 2 BTC sold on spot markets. For its Sandersville data center the company raised $2.276 billion through senior secured notes carrying a 7.875% coupon and maturing in 2031, and CEO Matt Schultz said the project was “fully funded through completion.” MARA separately disclosed a post-quarter sale of 13,597 BTC for roughly $1.1 billion, of which $750 million repaid Bitcoin-backed loans and released 17,477 BTC pledged as collateral. Cipher Digital's disclosure recorded 310 BTC at September-end, down from 646 BTC in June, with $168.9 million of sale proceeds across the first nine months and its first HPC lease revenue after rent began at Black Pearl. The pattern cuts across the whole Bitcoin treasury conversation: companies that once accumulated are now selling output to fund AI and HPC buildouts rather than holding.

The strongest support under the market sits at $71,809, scored 83 out of 100 on COINOTAG's composite model, with the heaviest resistance at $78,034 scored 94 out of 100; spot trades between the two at $73,552, down 1.8% over 24 hours after the 4.94% weekly drop. The Fear & Greed Index reads 32, and derivatives positioning stays long-skewed even as treasuries abandon the HODL playbook: funding runs at 0.0063% and the long/short account ratio stands at 3.50. The selling arrives weeks after the hot October CPI print triggered $200 million in crypto long liquidations, and readers tracking the levels above can follow our Bitcoin technical analysis. Measured in its own units, the reserve split now reads 2,418 BTC at Riot, 13,530 at CleanSpark and 269 at HIVE, which sold roughly 93% of its quarterly output.