Hive Digital Technologies reports $297.8 million in fiscal 2026 revenue, driven by higher Bitcoin prices and AI computing growth.
Hive Digital Technologies posted a 158 percent revenue increase to $297.8 million for fiscal 2026, ending March 31. The surge was fueled by soaring Bitcoin prices and a fourfold expansion in mining capacity, which helped the company mine 2,885 BTC during the year.
The company mined more than double the Bitcoin it did in fiscal 2025, benefiting from an average BTC price of $98,000, up from $75,900 the prior year. Despite higher mining rewards, Hive’s Bitcoin holdings declined to 150 BTC, valued at roughly $10 million, down from 481 BTC at the end of December.
Hive is also expanding into AI infrastructure, with its high-performance computing division growing 94 percent to $19.5 million. The company announced plans for a 320-megawatt data center near Toronto, aiming to become Canada’s largest private AI facility.