HIVE reported record Q3 FY2026 revenue of $93.1 million, with gross operating margin rising to $32.1 million. Despite strong top-line growth and positive adjusted EBITDA, the company posted a net loss of $91.3 million driven primarily by accelerated depreciation related to its Paraguay expansion.
Revenue increased to 93100000, up 219% year-over-year.
Gross operating margin expanded to 32100000, over 6x higher year-over-year.
Adjusted EBITDA was positive at 5700000.
Net loss of 91300000 was driven mainly by accelerated depreciation.
HIVE expects continued expansion in AI cloud and HPC revenue, additional energy capacity in Paraguay, and scaling of its GPU infrastructure through calendar 2026.
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