Hive Digital Technologies Ltd. ( (HIVE) ) has released its Q1 earnings. Here is a breakdown of the information Hive Digital Technologies Ltd. presented to its investors.
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Hive Digital Technologies Ltd., a global leader in sustainable data center infrastructure, specializes in blockchain and AI infrastructure powered by renewable hydroelectric energy, with operations spanning Canada, Sweden, and Paraguay. In its fiscal Q1 2026 earnings report, Hive Digital Technologies announced record revenues of $45.6 million and an adjusted EBITDA of $44.6 million, driven by a significant 45% increase in hashrate and strong performance in both Bitcoin mining and high-performance computing (HPC) operations. The company reported a 44.9% increase in digital currency mining revenue to $40.8 million and a 59.8% rise in HPC revenue to $4.8 million, reflecting robust demand and operational efficiency. Hive mined 406 Bitcoin, marking a 34% sequential increase, and achieved a gross operating margin of 34.7%. The company ended the quarter with a net income of $35.0 million, bolstered by gains on digital currencies and derivative assets. Looking forward, Hive’s management remains optimistic about its growth trajectory, aiming to reach a 25 EH/s hashrate by Thanksgiving and expanding its HPC business with strategic acquisitions, positioning the company for continued expansion and value creation.