HIVE Digital Technologies reports fiscal 2026 revenue of $297.8 million, driven by Bitcoin mining and high-performance computing growth.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) reported fiscal 2026 revenue of $297.8 million, up 158% year over year, as Bitcoin mining and AI infrastructure investments expanded. Gross operating margin surged 329% to $107.9 million, while adjusted EBITDA reached $72.9 million.
The company increased its Bitcoin mining hashrate to 25.1 EH/s from 6.5 EH/s and grew contracted high-performance computing annual recurring revenue to $35 million. Digital currency revenue rose 164% to $278.3 million, with 2,885 Bitcoin mined, up 104%. HPC revenue climbed 94% to $19.5 million.
HIVE attributed growth to diversification into GPU cloud computing and AI, positioning itself at the intersection of Bitcoin and AI trends while using 100% green energy.