Odaily Planet Daily News Bitcoin mining companies Bitfarms, Hut 8 and HIVE Digital announced their third quarter earnings for 2024. The three companies hold a total of 12,898 BTC reserves. Specifically: Hut 8 (HUT) had revenue of $43.7 million, about $5.5 million higher than expected, almost double the same period last year, and adjusted EBITDA of $5.6 million. According to MarketWatch, its GAAP earnings were $0.01 per share, far higher than the expected loss of $0.29 per share. Hut 8 said its energy cost per megawatt-hour was $28.83, down 33% from $42.73 in the same period last year. As of September 30, the company held 9,106 bitcoin reserves, with a market value of $576.5 million and total cash of $72.9 million. HIVE Digital Technologies (HIVE) reported quarterly adjusted EBITDA of $5.6 million and a net loss from continuing operations of $7.7 million after taxes, or $0.06 per share. The company reported total revenue of $22.6 million, below the consensus estimate of $25.6 million. Pre-tax net loss was $7.3 million, an improvement from a loss of $22.9 million in the same period last year. Hut 8's stock price was up 8% at press time. Its shares have risen more than 105% year to date. The company has a market cap of $2.5 billion. HIVE produced 340 bitcoins in the quarter and holds 2,604 bitcoins. Its total digital currency assets were valued at $165.2 million at the end of the quarter, based on a bitcoin price of $63,300. HIVE shares fell about 2% in early trading on Wednesday, but are up 16% year to date. The company has a market cap of $650 million. Bitfarms (BITF) reported third-quarter revenue of $45 million, up 8% from the previous quarter but slightly below analyst expectations. Its net loss was $37 million, or $(0.08) per basic and diluted share, including a $6 million non-cash benefit from the revaluation of warrant liabilities related to 2023 financing activities. Adjusted EBITDA was $6 million, or 14% of revenue, down from $12 million in the second quarter. Bitfarms has total liquidity of $146 million, including $73 million in cash and 1,147 bitcoins, valued at $73 million (based on a BTC price of $63,300 on September 30).As of October 31, the company held 1,188 bitcoins. Bitfarms shares fell 5.5% on Wednesday and have fallen more than 10% so far this year. As of November 13, its market value was $1.1 billion. (The Block)