HIVE Blockchain stock jumps as Q3 crypto mining revenue helped by higher prices

HIVE Blockchain (NASDAQ:HIVE) shares drift higher by 11.5% in premarket trading, as third-quarter cryptocurrency mining revenue continued to expand. Perhaps the current rebounds in bitcoin (BTC-USD +4.0%) and ethereum (ETH-USD +5.9%) are boosting HIVE's stock price as well. Q3 revenue from digital currency mining of $66.18M rose from $52.61M in the previous quarter, primarily due to an increase in crypto prices and more production of bitcoin (BTC-USD) as a result of the Quebec and Atlantic facility acquisition. Q3 gross mining margin of $61.65M also got boosted from $45.02M in Q2. Q3 gross margin ticked higher to 68% from 67% in the second quarter. Revaluation gain of digital currencies were $4.05M in Q3, down from $18.01M in Q2. Note revaluation is calculated as the change in value (gain or loss) on the coin inventory. Q3 adjusted EBITDA of $77.60M gained from $52.30M in Q2. Moreover, the company's "modest equity funding's were done at