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HIVE Digital posts FY2026 revenue surge to $297.8M, driven by Bitcoin mining and AI infrastructure growth.

Company Fundamentals
02 Jun 2026
Newsfile Corp
View Source
Bullish
pluang ai news

HIVE Digital Technologies reported a strong FY2026 with total revenue of $297.8 million, up 158% year-over-year, fueled by a 164% increase in digital currency mining revenue and growth in high-performance computing (HPC) services. Bitcoin production doubled to 2,885 coins, supported by a four-fold increase in operational hashrate and higher Bitcoin prices. The company expanded its green-energy Bitcoin mining capacity in Paraguay and advanced its AI infrastructure with a new 320 MW AI Gigafactory project in Toronto, targeting $660 million in annual recurring revenue by 2028. Despite a GAAP net loss of $148.4 million largely due to non-cash charges, adjusted EBITDA reached $72.9 million, reflecting strong operational leverage and growth potential in both Bitcoin mining and AI cloud services.

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