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HIVE Digital Tech beat earnings with strong Bitcoin mining growth and expanded clean energy capacity.
HIVE Digital Technologies reported strong second-quarter fiscal 2026 results, with revenue of $87.3 million, surpassing estimates, driven by a 285% year-over-year increase in Bitcoin mining revenue and a record $5.2 million in HPC revenue.
The company exceeded expectations on Bitcoin production and gross margins, which reached 49%, while expanding its Paraguay data center capacity to 300 MW and increasing its global hydro-powered footprint to 540 MW.
Despite a GAAP net loss of $15.8 million, primarily due to accelerated depreciation, adjusted EBITDA reached $31.5 million.
The company raised its outlook, targeting $100 million in annual HPC recurring revenue and $140 million by year-end, with plans to scale to 35 EH/s by Q4 2026.
HIVE Digital Tech superó las ganancias con un fuerte crecimiento de la minería de Bitcoin y amplió la capacidad de energía limpia.