Hashvalue Reports Q3 Cloud Mining Revenue Up 42% Quarter Over Quarter in October

Hashvalue released its unaudited financial performance results for Q3, reporting a 42% quarter-over-quarter increase in cloud mining business revenue. The growth surpassed internal forecasts and market expectations, reinforcing the company’s position as a leading provider of decentralized mining infrastructure and passive crypto income tools.

Total platform revenue for Q3 2022 reached $89.7 million, driven primarily by increased user acquisition, higher average contract value, and improved node task fulfillment rates across North America, Europe, and Asia-Pacific clusters.

Hashvalue attributed the growth to multiple converging factors:

• A 36% expansion in hashrate capacity following the Canada data center launch

• Enhanced contract composition and duration flexibility

• A surge in short-cycle BTC and ETH bundle purchases during market volatility

• Introduction of risk-tiered contract pools with APY optimization filters

The company’s active mining user base grew by 27% in Q3, reaching 419,000 unique participants by September 30. Daily active contract activations averaged 14,600, while platform-wide task success rates remained above 99.95%.

From a revenue composition perspective, 61% of Q3 earnings originated from BTC-related mining contracts, 22% from ETH staking-linked pools, and the remainder from altcoin yield bundles and hybrid mining strategies introduced in late August.

Hashvalue’s updated Mining Performance Dashboard also fueled engagement by offering real-time APY projections, carbon intensity overlays, and multi-coin performance visualizations—driving a 19% increase in user time-on-platform.

The company implemented a dynamic node load algorithm upgrade during Q3, reducing average hashrate routing latency by 12% and improving high-frequency yield variance control on short-term contracts.

Q3 also marked the successful onboarding of over 1,100 institutional accounts via customized vault routing plans and backend contract integration APIs. Institutional contribution to total cloud mining revenue rose to 17%, up from 9% in Q2.

Commenting on the performance, Hashvalue’s executive team noted: “Q3 results reflect our belief that infrastructure-backed digital yield tools can thrive in any market cycle. Transparent reward architecture and real-time user controls are critical to adoption.”

Looking forward, the company plans to expand its institutional dashboard suite, integrate region-specific yield predictors, and launch new modular contract formats during Q4. Hashvalue will also begin publishing ESG-linked revenue segments to demonstrate operational sustainability.