Business
RETRANSMISSION: HIVE Announces Fiscal Q1 2026 Record Revenue of $45.6 Million and Adjusted EBITDA of $44.6 Million with an Average of 8.9 EH/s Representing 45% Quarter over Quarter Growth in Hashrate
  This news release constitutes a "designated news release" for the purposes of the Company'...
About this update from Hive Digital Technologies Ltd
[{"type":"text","content":"RETRANSMISSION: HIVE Announces Fiscal Q1 2026 Record Revenue of $45.6 Million and Adjusted EBITDA of $44.6 Million with an Average of 8.9 EH/s Representing 45% Quarter over Quarter Growth in Hashrate This news release constitutes a \"designated news release\" for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - August 15, 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, announces its results for the first quarter ended June 30, 2025 (all amounts in US dollars, unless otherwise indicated). Driven by a 45% sequential increase in average Hashrate and strong performance in both Bitcoin mining and HPC operations, HIVE achieved all-time highs in revenue, net income, and Adjusted EBITDA, further cementing its role as a key player in the global Bitcoin and data center ecosystems.Q1 FY2026 Financial Highlights:Total Revenue: $45.6 million, a sharp increase compared to its previous quarter, reflecting strong contributions from both of its digital currency mining and high-performance computing (HPC) hosting services. This revenue was achieved against direct costs of $29.8 million which, overall represents a gross operating margin of 35%3. See the calculation of direct costs and mining margin included below in this press release.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. This mining revenue was achieved against direct costs of $26.8 million of which 90% represents electric power cost. See the Calculation of direct costs included below in this press release.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, driven by strong demand for high-performance computing markets. This revenue ...