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RETRANSMISSION: HIVE Delivers Record Q2 with 285% Revenue Growth as Bitcoin Production and BUZZ HPC Hit New Highs Powered by a 223% Year-Over-Year Increase in Operational Bitcoin Hashrate, Resulting in ~300% Growth in Bitcoin Mining Revenue, and BUZZ HPC Revenue up 175% Year-Over-Year
San Antonio, Texas--(Newsfile Corp. - November 17, 2025) - HIVE Digital Technologies Ltd. (TSXV: ...
About this update from Hive Digital Technologies Ltd
[{"type":"text","content":"RETRANSMISSION: HIVE Delivers Record Q2 with 285% Revenue Growth as Bitcoin Production and BUZZ HPC Hit New Highs Powered by a 223% Year-Over-Year Increase in Operational Bitcoin Hashrate, Resulting in ~300% Growth in Bitcoin Mining Revenue, and BUZZ HPC Revenue up 175% Year-Over-YearSan Antonio, Texas--(Newsfile Corp. - November 17, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the \"Company\" or \"HIVE\"), a global leader in sustainable data center infrastructure, today announced its financial results for the second quarter ended September 30, 2025, delivering record revenue of $87.3 million, up 285% year-over-year and 91% quarter-over-quarter. The Company also reported Adjusted EBITDA of $31.5 million, reflecting strong operational execution across both its Bitcoin mining and high-performance computing (HPC) businesses (all amounts in US dollars, unless otherwise indicated).This quarter marks the strongest dual-engine growth in HIVE's history, driven by the rapid scale-out of its Bitcoin mining fleet to 16.2 EH/s by period end September 30, 2025 (with 25 EH/s operational today) and accelerating demand for BUZZ HPC services.Q2 FY2026 Financial Highlights:Total Revenue: $87.3 million, a 285% increase from $28.7 million in Q2 FY2025, and a 91% sequential increase. Gross operating margin was 48.6%, up from 34.7% in Q1 FY2026. See the calculation of direct costs and mining margin included below in this press release.Digital currency mining revenue: $82.1 million, up 101.2% sequentially, reflecting an 86.2% quarter-over-quarter increase in average hashrate to 16.2 EH/s and slightly higher Bitcoin prices. This mining revenue was achieved against direct costs of $42.1 million, of which approximately 88% represents energy costs. See the calculation of direct costs included below in this press release.Bitcoin Production: 717 Bitcoin mined in Q2, up 76.6% sequentially despite a 21.4% quarter-over-quarter increase in network difficulty.HPC Revenue: Record BUZZ HPC revenue of $5.2 million, up 175% year-over-year and 7.6% quarter-over-quarter, achieved with direct costs of $2.0 million.G&A: $7.8 million, up from $5.8 million in Q1 FY2026, primarily due to increased staffing supporting global expansion, including Paraguay and the BUZZ HPC division.Gross Operating Margins3: $42.4 million (4...