Key facts
- HIVE Digital reported total fiscal 2026 revenue of $297.8 million, a 158% increase from the prior year.
- Bitcoin production reached 2,885 BTC in fiscal 2026, up from 1,414 BTC in fiscal 2025.
- The company's installed hashrate expanded from 6.5 EH/s to 25.1 EH/s.
- Gross operating margin improved to 36% of revenue ($107.9 million) in fiscal 2026.
- HIVE reported a GAAP net loss of $148.4 million for fiscal 2026.
- Adjusted EBITDA was $72.9 million, representing 24% of total revenue.
HIVE Digital Technologies reported a significant increase in fiscal 2026 revenue, up 158% to $297.8 million, primarily driven by a doubling of its Bitcoin mining output to 2,885 BTC and an expansion of its operational hashrate. The company also saw growth in its High-Performance Computing (HPC) hosting services. Despite these operational gains and an improved gross operating margin of 36%, HIVE posted a substantial GAAP net loss of $148.4 million for the fiscal year, partly due to non-cash items. In the fourth quarter, revenue was $71.8 million, but Bitcoin mining revenue fell 23.9% sequentially due to lower Bitcoin prices, leading to a negative Adjusted EBITDA of $9 million for the quarter.