Business UpdateJun 2, 2026, 09:12 AM
HIVE Digital Technologies Shifts to AI/HPC; 25.2 EH/s Hashrate
AI Summary
HIVE Digital Technologies Ltd. is strategically transitioning its business model from primarily hashrate services to an AI and High-Performance Computing (HPC) infrastructure platform, primarily through its subsidiary BUZZ High Performance Computing Inc. The company leverages its existing Tier-I data centers, optimized for energy-efficient mining, to support high-density GPU workloads and aims to become a sovereign AI provider. As of April 30, 2026, HIVE reported a total installed hashrate of approximately 25.2 EH/s and a total power capacity of 464.4 MW across its global facilities.
Key Highlights
- HIVE is transitioning from hashrate services to AI and HPC business via BUZZ HPC.
- Total installed hashrate was approximately 25.2 EH/s as of April 30, 2026.
- Implied fleet efficiency of 16.5 J/TH for installed miners.
- Total power capacity across facilities is approximately 464.4 MW.
- Approximately 360 H200 GPUs are contracted for 6-12 month terms.
- Realized approximately $20M in GPU sales revenue in the most recent fiscal year.
- HPC revenue increased to $35M ARR with a new 2-year B200 GPU contract.
Price Impact
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