In short
Hive Digital Applied sciences practically tripled income to $297.8 million in fiscal 2026, pushed by surging Bitcoin costs and a fourfold enhance in mining capability.
The corporate mined 2,885 Bitcoin for the yr whereas increasing into AI computing, with its BUZZ HPC division rising 94% to $19.5 million in income.
HIVE is now betting huge on AI infrastructure, asserting plans for an enormous 320-megawatt knowledge middle close to Toronto supposed to develop into Canada’s largest non-public AI facility.
Hive Digital Applied sciences reported a pointy income surge for its fiscal yr ending March 31, fueled by final yr’s hovering Bitcoin costs and a quickly increasing computing enterprise, because the Canadian miner makes an attempt to recast itself as a significant participant in synthetic intelligence infrastructure.
The corporate posted complete income of $297.8 million for fiscal 2026, a 158 % enhance from the prior yr, pushed primarily by a dramatic enlargement of its Bitcoin mining operations.
Hive mined 2,885 Bitcoin throughout the yr—greater than double the 1,414 it mined in fiscal 2025—whereas benefiting from a median Bitcoin worth of roughly $98,000, in comparison with about $75,900 the yr earlier than.
Regardless of rising mining rewards final yr, the corporate’s Bitcoin holdings truly fell throughout the span. Hive reported holding 150 BTC—about $10 million value—as of the tip of the fiscal yr, down from 481 BTC as of December 31.
However the firm’s ambitions prolong effectively past cryptocurrency. Hive’s high-performance computing division, branded BUZZ HPC, generated $19.5 million in income, up 94% year-over-year, and executives are positioning it as the corporate’s engine for future progress.
In Might, Hive introduced plans for a 320-megawatt AI knowledge middle within the Better Toronto Space, designed to accommodate greater than 100,000 Nvidia GPUs at full buildout—a undertaking the corporate is looking Canada’s largest deliberate AI infrastructure facility beneath non-public possession. The corporate has set a goal of $660 million in annualized recurring income from its computing enterprise by the tip of 2028.
The outcomes weren’t with out problems. HIVE reported a GAAP web lack of $148.4 million for the yr, although the corporate stated roughly $221 million of losses had been non-cash objects, together with depreciation prices.
The corporate holds operations in Canada, Sweden, and Paraguay—all powered by inexperienced vitality—with a complete put in hash price of 25.1 exahashes per second.
Hive (HIVE) shares are down about 2.6% on the day, not too long ago buying and selling at $4.63 per knowledge from Yahoo Finance, however touched their highest worth this yr earlier within the session at $4.97.
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