HIVE Digital Reports 158% FY2026 Revenue Growth to $297.8M, Driven by Mining & HPC
HIVE has more than doubled off its 52-week low of $1.6 on elevated volume (2.7× avg).
Summary
HIVE Digital Technologies reported robust FY2026 results, with total revenue surging 158% year-over-year to $297.8 million, driven by strong growth in both digital currency mining and high-performance computing. Gross operating margins expanded significantly to 36%, and Adjusted EBITDA reached $72.9 million. This strong full-year performance follows recent strategic expansions, including a 4x increase in AI data center capacity and a $115 million senior notes offering. However, Q4 FY2026 showed a sequential decline in Bitcoin mining revenue and negative Adjusted EBITDA of ($9.0) million, reflecting recent hashprice compression and increased network difficulty.
At the time of this announcement, HIVE was trading at $4.92 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 news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: TMX Newsfile.