HIVE Digital Technologies reports Q1 results

Published 2 months ago Positive
HIVE Digital Technologies reports Q1 results
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* HIVE Digital Technologies press release [https://seekingalpha.com/pr/20202270-hive-announces-fiscal-q1-2026-record-revenue-of-45_6-million-and-adjusted-ebitda-of-44_6] (NASDAQ:HIVE [https://seekingalpha.com/symbol/HIVE]): Q1 Revenue of $45.61M (+41.5% Y/Y) beats by $2.56M.
* Digital currency mining revenue: $40.8 million, up 44.9% sequentially from fiscal Q4 2025 mainly due to higher average digital currency mining hashrate (from 5.9 EH/s in fiscal Q4 2025 to 8.7 EH/s in fiscal Q1 2026), a 47% increase in quarter over quarter hashrate, and slightly higher Bitcoin prices.
* Bitcoin Production: Mined 406 Bitcoin, up 34% sequentially from fiscal Q4 2025 due to increased self-mining hashrate, while average Difficulty increased 10.2% quarter over quarter.
* HPC Revenue: Buzz HPC revenue was a record $4.8 million during the quarter, up 59.8% sequentially.
* GAAP net income of $35.0 million.
* Adjusted EBITDA: $44.6 million in Adjusted EBITDA.

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