Quarterly ResultJun 2, 2026, 06:31 AM
HIVE FY2026 Revenue Soars 158% to $297.8M; HPC Business Expands
AI Summary
HIVE Digital Technologies Ltd. announced its full-year financial results for FY2026, reporting a significant 158% increase in total revenue to $297.8 million, driven by strong growth in both digital currency mining and high-performance computing (HPC) hosting services. The company also highlighted the expansion of its HPC business, including the announcement of a major AI Gigafactory project in the Greater Toronto Area. Despite a GAAP net loss, the company reported positive Adjusted EBITDA and improved gross operating margins.
Key Highlights
- HIVE reported FY2026 total revenue of $297.8 million, a 158% year-over-year increase.
- Digital currency mining revenue reached $278.3 million, up 164% YoY.
- HPC hosting services revenue grew 94% YoY to $19.5 million.
- Gross operating margins expanded to $107.9 million (36% margin) from $25.1 million (22% margin) in FY2025.
- GAAP Net Loss for FY2026 was $148.4 million, largely due to non-cash items.
- Adjusted EBITDA for FY2026 was $72.9 million.
- Q4 FY2026 revenue was $71.8 million, with Bitcoin mining revenue at $67.2 million.
- HIVE announced a 320 MW AI Gigafactory project in the Greater Toronto Area.
Price Impact
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