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Home/News Feed/HIVE Digital shifts from Bitcoin mining to AI data centers, aiming $225M AI revenue by 2026.
HIVE
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HIVE Digital shifts from Bitcoin mining to AI data centers, aiming $225M AI revenue by 2026.

Market News
05 May 2026
Proactive Investors
View Source
Bullish
pluang ai news

HIVE Digital Technologies, traditionally a Bitcoin miner, is repurposing its hydro-powered data centers in Canada, Sweden, and Paraguay to support AI computing workloads. While Bitcoin mining remains its main revenue source, generating $88.2 million last quarter, the company is rapidly expanding its AI-focused HPC business, which earned $4.9 million last quarter and has secured $30 million in AI cloud contracts. HIVE aims to reach $225 million in AI revenue by late 2026 by leveraging existing infrastructure to meet growing AI power demands, balancing mining cash flow with AI growth investments. This strategic pivot positions HIVE to capitalize on the increasing need for AI data centers amid power and geopolitical constraints.

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HIVE Digital projects Bitcoin mining margins up to 52% as Bitcoin nears $80K, powered by cheap hydroelectric energy.

HIVE Digital projects Bitcoin mining margins up to 52% as Bitcoin nears $80K, powered by cheap hydroelectric energy.

HIVE Digital Technologies forecasts Bitcoin mining margins rising from 36% at a $60K Bitcoin price to 52% at $80K, thanks to its low-cost hydroelectric power from Paraguay. In Q1 FY2027, HIVE reported a 73% revenue increase year-over-year, driven mai...

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Bullish
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