HIVE Posts Record $297.8M Revenue as It Shifts From Bitcoin Mining to AI Compute

The company’s push into large-scale GPU hosting hinges on securing financing, chip supply and grid and permit approvals.

Overview

HIVE reported fiscal 2026 revenue of $297.8 million and said its digital currency mining brought in $278.3 million, figures the company disclosed on Tuesday.
The firm mined 2,885 BTC for the year but reduced on‑balance holdings to 150 BTC from 481 BTC as it deployed cash for GPUs and data center buildout.
HIVE’s BUZZ high‑performance computing unit generated $19.5 million in revenue and reached $35 million in contracted annual recurring revenue.
Management has activated the first 504‑GPU Nvidia B200 cluster with Bell Canada and plans a 320 MW Toronto site intended to host more than 100,000 GPUs if it secures permits and grid interconnection.
The company reported a GAAP net loss of $148.4 million driven largely by $170.4 million of depreciation and heavy capital spending, leaving execution risk tied to financing, GPU supply and regulatory timelines.