IREN Is Flipping the Switch from Bitcoin to AI HIVE Digital Technologies (NASDAQ:HIVE) reported sharp year-over-year revenue growth for its fiscal 2026 and used its earnings call to outline an expanded strategy centered on high-performance computing, artificial intelligence…
frastructure and continued Bitcoin mining cash flow. President and Chief Executive Officer Aydin Kilic said the company generated approximately CAD 300 million in revenue for the year, with more than CAD 100 million of gross operating margin and about CAD 76 million of net operating income
He said adjusted EBITDA was CAD 73 million for the year, while the company recorded a net loss of roughly CAD 148 million, which he attributed largely to depreciation and other non-cash adjustments. – MarketBeat Week in Review – 05/18 – 05/22 For the fiscal fourth quarter ended March 31, Chief Financial Officer Darcy Daubaras said revenue totaled CAD 71.8 million, up from CAD 31.2 million in the prior-year quarter. Gross operating margin rose to CAD 17.5 million from CAD 8.8 million a year earlier. The company produced 876 Bitcoin during the quarter, while its high-performance computing and AI business generated CAD 4.6 million of revenue.
Daubaras said HIVE ended the quarter with CAD 23 million in cash, CAD 10.8 million in digital currencies and CAD 9.7 million in investments. Total current assets were approximately CAD 59.8 million. He said the company continues to focus on maintaining financial flexibility while investing in infrastructure and growth opportunities.