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HIVE Digital Technologies posted its strongest quarter to date with revenue tripling year-over-year, driven by aggressive hashrate growth and increased demand for its HPC segment. Despite a GAAP net loss due to non-cash depreciation, operational metrics were strong.
HIVE delivered strong results in Q1 FY2026 with record revenue of $45.6 million, net income of $35.0 million, and adjusted EBITDA of $44.6 million, fueled by a 45% quarter-over-quarter increase in hashrate and growth in both Bitcoin mining and high-performance computing segments.
Hive Digital Technologies reported a Q4 net loss of $52.9 million, impacted by non-cash revaluations of digital assets, while achieving record high AI cloud revenue.