HIVE Digital's fiscal 2026 revenue grew 158% to $297.8 million, driven by mining expansion and HPC growth.

HIVE Digital reported fiscal 2026 revenue of $297.8 million, a 158% increase year-over-year, driven by a significant expansion in bitcoin mining operations and growth in its high-performance computing (HPC) segment. The company recorded a GAAP Net Loss of $148.4 million for the year, alongside Adjusted EBITDA of $72.9 million. For the fourth quarter, revenue was $71.8 million with an Adjusted EBITDA loss of $9.0 million.

Key Highlights

• Fiscal year 2026 Bitcoin mining revenue grew 164% to $278.3 million, as installed hashrate quadrupled from 6.5 EH/s to 25.1 EH/s.
• The high-performance computing (HPC) business generated a record $19.5 million in revenue, an increase of 94% from the prior year.
• Gross operating margin for the year expanded to 36% from 22% in fiscal 2025, reaching $107.9 million, reflecting operating leverage from the Paraguay expansion.