Hive Digital (HIVE) posted revenue of $45.6 million for the quarter ended June 30 (Q1 Fiscal 2026). Average hashrate rose 45% from the previous quarter to 8.9 EH/s.
Mining revenue accounted for $40.8 million of total revenue, up 44.9% from the prior quarter as average mining hashrate climbed from 5.9 EH/s to 8.7 EH/s and Bitcoin prices ticked higher. High-performance computing hosting under BUZZ HPC generated $4.8 million, a 59.8% sequential gain.
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HIVE mined 406 Bitcoin during the quarter, 34% more than in fiscal Q4 2025, despite a 10.2% increase in network difficulty. Direct costs totaled $29.8 million, yielding a gross operating margin of 34.7%.
The company ended the period with $71.9 million in cash and crypto and maintained operations across Canada, Sweden and Paraguay.
Read More: BitFuFu Q2 revenue rises 47.9% from Q1
At time of publication, HIVE is up 1.4% from yesterday’s close.
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Hive Digital quarterly mining revenue is up 44.9% from previous quarter, HPC is up 59.8%
Published 2 months ago
Aug 15, 2025 at 2:25 PM
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