In short
Hive Digital Applied sciences almost tripled income to $297.8 million in fiscal 2026, pushed by surging Bitcoin costs and a fourfold improve in mining capability.
The corporate mined 2,885 Bitcoin for the 12 months whereas increasing into AI computing, with its BUZZ HPC division rising 94% to $19.5 million in income.
HIVE is now betting huge on AI infrastructure, saying plans for an enormous 320-megawatt information heart close to Toronto meant to change into Canada’s largest non-public AI facility.
Hive Digital Applied sciences reported a pointy income surge for its fiscal 12 months ending March 31, fueled by final 12 months’s hovering Bitcoin costs and a quickly increasing computing enterprise, because the Canadian miner makes an attempt to recast itself as a serious participant in synthetic intelligence infrastructure.
The corporate posted complete income of $297.8 million for fiscal 2026, a 158 % improve from the prior 12 months, pushed primarily by a dramatic enlargement of its Bitcoin mining operations.
Hive mined 2,885 Bitcoin through the 12 months—greater than double the 1,414 it mined in fiscal 2025—whereas benefiting from a median Bitcoin worth of roughly $98,000, in comparison with about $75,900 the 12 months earlier than.
Regardless of rising mining rewards final 12 months, the corporate’s Bitcoin holdings truly fell through the span. Hive reported holding 150 BTC—about $10 million value—as of the tip of the fiscal 12 months, down from 481 BTC as of December 31.

However the firm’s ambitions prolong nicely past cryptocurrency. Hive’s high-performance computing division, branded BUZZ HPC, generated $19.5 million in income, up 94% year-over-year, and executives are positioning it as the corporate’s engine for future development.
In Could, Hive introduced plans for a 320-megawatt AI information heart within the Larger Toronto Space, designed to deal with greater than 100,000 Nvidia GPUs at full buildout—a venture the corporate is looking Canada’s largest deliberate AI infrastructure facility underneath non-public possession. The corporate has set a goal of $660 million in annualized recurring income from its computing enterprise by the tip of 2028.
The outcomes weren’t with out problems. HIVE reported a GAAP web lack of $148.4 million for the 12 months, although the corporate mentioned roughly $221 million of losses had been non-cash objects, together with depreciation fees.
The corporate holds operations in Canada, Sweden, and Paraguay—all powered by inexperienced power—with a complete put in hash fee of 25.1 exahashes per second.
Hive (HIVE) shares are down about 2.6% on the day, just lately buying and selling at $4.63 per information from Yahoo Finance, however touched their highest worth this 12 months earlier within the session at $4.97.
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