HIVE Surpasses $1M Average Daily Revenue, Appoints AI Veteran to Scale GPU Cloud Sales
HIVE sits 68% above its 52-week low of $1.73.
Summary
HIVE Digital announced average daily revenue above $1 million from Bitcoin mining and GPU cloud services, appointed Mark Volk as BUZZ HPC's SVP of Revenue, and disclosed over $600 million in closed GPU cloud contract value.
Key Events · Earnings and Guidance · HIVE
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Average Daily Revenue Tops $1 Million
Combined hashrate and GPU cloud services exceeded $1 million in average daily revenue since August 21, 2026, implying a roughly $365 million annualized run-rate.
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GPU Cloud Contract Value Exceeds $600 Million
Year to date, HIVE has closed more than $600 million in total contract value for GPU cloud contracts, with a demand pipeline exceeding $1 billion in potential value.
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Mark Volk Appointed SVP, Revenue at BUZZ HPC
Former HPE and IBM executive Mark Volk joins BUZZ HPC to lead global go-to-market strategy across enterprise, government, sovereign AI, and hyperscale markets.
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Swedish Bitcoin Mining Wind-Down Planned
Swedish mining operations represented less than 5% of daily revenue in August; HIVE intends to wind down mining there and repurpose infrastructure toward HPC and AI.
Analysis · HIVE · Crypto Assets
HIVE disclosed that combined hashrate and GPU cloud revenue has crossed $1 million per day, a run-rate of roughly $365 million annually against a market cap near $793 million. The company also named Mark Volk, a former HPE and IBM executive, to lead BUZZ HPC's revenue organization, and revealed it has closed more than $600 million in total contract value with a pipeline exceeding $1 billion. These figures put hard numbers on the AI infrastructure pivot that has driven the stock's recent news flow, though the revenue figure is preliminary and unaudited.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1605 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, HIVE was trading at $2.90 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $792.7M. The 52-week trading range was $1.73 to $7.84. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.