HIVE Digital Reports 158% FY2026 Revenue Growth to $297.8M, Expands Bitcoin Mining & HPC Business
HIVE has more than doubled off its 52-week low of $1.6 on elevated volume (2.7× avg).
Summary
HIVE Digital Technologies announced robust FY2026 results with total revenue up 158% to $297.8 million, fueled by substantial growth in Bitcoin mining and high-performance computing, despite a challenging Q4.
Key Events · Earnings and Guidance · HIVE
-
Strong FY2026 Financial Performance
Total revenue surged 158% year-over-year to $297.8 million, with digital currency mining revenue up 164% and HPC revenue up 94%. Adjusted EBITDA reached $72.9 million.
-
Significant Bitcoin Mining Expansion
Bitcoin production increased 104% to 2,885 BTC, driven by a four-fold increase in installed hashrate to 25.1 EH/s.
-
High-Performance Computing (HPC) Growth
HPC revenue reached $19.5 million, with contracted Annual Recurring Revenue (ARR) growing to $35 million, supported by new NVIDIA GPU cluster deployments.
-
Major AI Infrastructure Projects Underway
The company is developing a 320 MW AI gigafactory in the Greater Toronto Area, designed to host over 100,000 GPUs, with a targeted $660 million ARR by year-end 2028.
Analysis · HIVE · Crypto Assets
HIVE Digital Technologies reported strong full-year financial results for FY2026, driven by significant expansion in both its Bitcoin mining and high-performance computing (HPC) segments. While Q4 FY2026 saw a sequential decline in revenue and negative adjusted EBITDA due to lower Bitcoin prices and increased network difficulty, the overall annual performance and strategic growth initiatives, particularly in AI infrastructure, are substantial. The company's hashrate quadrupled, and its HPC business saw nearly 100% revenue growth, with significant future ARR targets.
At the time of this filing, HIVE was trading at $4.70 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $1.60 to $7.84. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.