Bitcoin miner-turned-AI diversifier, HIVE Digital Technologies, posted total revenue of $297.8 million for the financial year ended March 31, 2026, up 158% compared to a year earlier.
HIVE's digital currency revenue is up 164% year over year to $278.3 million, driven by an approximately four-fold increase in installed operational hashrate and higher average bitcoin prices (BTC), the firm said in a statement on Tuesday. It mined 2,885 BTC during the fiscal year, up 104% from 1,414 BTC in 2025, despite an approximate 42% increase in average network difficulty. As of March 31, HIVE's total installed hashrate was 25.1 EH/s, according to the firm.
HIVE's high-performance computing hosting services business generated the remaining $19.5 million in revenue, a record for the company, up 94% from $10 million in 2025, driven by the deployment of an NVIDIA H200 GPU cluster and strong demand on its GPU marketplace, the firm said.
The firm reported a GAAP net loss of $148.4 million, primarily reflecting depreciation and unrealized losses on investments. Adjusted EBITDA came in at $72.9 million for the year.
"Fiscal 2026 marked a defining year for HIVE. As one of the first publicly traded Bitcoin miners to invest in GPU cloud computing and AI infrastructure, we began building a diversified dual-engine growth strategy years ago," HIVE (HIVE) co-founder and Executive Chairman Frank Holmes said. "In fiscal 2026, we significantly expanded both sides of our platform, increasing our Bitcoin mining hashrate from 6.5 EH/s to 25.1 EH/s and growing contracted HPC ARR to $35 million."
