According to company filings, HIVE Digital Technologies ended fiscal 2026 with 150 Bitcoin in digital asset holdings as of March 31, 2026. This represents a significant decline from 481 Bitcoin at the end of the previous quarter, resulting in a 69% reduction that translates to approximately $23 million in value at Bitcoin's current price of $68,102 according to CoinGecko data. The company reduced its balance sheet by 331 BTC during the final quarter alone, cutting total holdings from the 481 BTC previously declared as of December 31, 2025. This reduction moved HIVE from around 69th among public bitcoin treasury companies to 96th position according to Bitcoin Treasuries data. The company did not explicitly state Bitcoin sales, but the lower balance occurred during heavy capital spending and weaker Bitcoin prices.
As reported by company filings, HIVE achieved total revenue of $297.8 million for fiscal 2026, representing a 158% increase from the prior year. Digital currency mining generated $278.3 million, making it the company's primary revenue source, up from $105 million a year earlier. The miner reported $107.9 million in gross operating margin, equivalent to a 36% margin, while adjusted EBITDA reached $72.9 million, or 24% of total revenue. However, Q4 2026 revenue fell to $71.8 million as bitcoin prices and hashprice came under pressure, with bitcoin mining revenue accounting for $67.2 million, down 23.9% compared to the prior quarter. The company reported a GAAP net loss of $148.4 million for the full year, primarily reflecting depreciation and unrealized losses on investments.
According to company reports, HIVE's high-performance computing business generated $19.5 million in fiscal 2026 revenue, nearly doubling from $10 million a year earlier and representing a record for the company. The company's contracted annual recurring revenue from the BUZZ HPC unit reached $35 million at year-end, with the division having signed $30 million in AI cloud contracts as of February 2026. HIVE launched its first 504 Nvidia B200 GPU cluster with Bell Canada AI Fabric in May 2026. The company raised $75 million through exchangeable senior notes to fund GPU expansion, later closing a $115 million note deal after initial buyers exercised their full option. HPC revenue came in at $4.6 million in Q4 2026, slightly below the prior quarter amid a deployment delay at one facility.
As reported by company management, HIVE mined 2,885 Bitcoin during fiscal 2026, up 104% from 1,414 Bitcoin in fiscal 2025, despite an approximate 42% increase in average network difficulty. The company grew its installed Bitcoin mining hashrate from 6.5 EH/s to 25.1 EH/s over the fiscal year, with the 876 BTC produced broadly in line with the prior quarter. HIVE currently operates 440 megawatts of global power capacity across Canada, Sweden and Paraguay. The company's 100 MW hydroelectric expansion in Paraguay and target of 35 EH/s global mining capacity by end-2026 could further boost operational output. Despite strong mining performance, Q4 mining revenue declined due to approximately 27% decline in average bitcoin price and 27% year-over-year increase in average network difficulty, though this was partially offset by higher average operational hashrate.
As reported by company management, HIVE is planning a 320-megawatt AI gigafactory in the Greater Toronto Area. The facility could host more than 100,000 GPUs at full buildout, with operations targeted for the second half of 2027. The company currently operates 440 megawatts of global power capacity across Canada, Sweden and Paraguay. HIVE grew its installed Bitcoin mining hashrate from 6.5 EH/s to 25.1 EH/s over the fiscal year, despite Bitcoin mining becoming more difficult due to rising network difficulty and falling average prices in the fourth quarter. The company's 100 MW hydroelectric expansion in Paraguay and target of 35 EH/s global mining capacity by end-2026 could further boost operational output.
According to The Block, HIVE stock is up 1.9% in pre-market trading on Tuesday following the earnings announcement. Co-founder and Executive Chairman Frank Holmes noted that fiscal 2026 marked a defining year for HIVE as one of the first publicly traded Bitcoin miners to invest in GPU cloud computing and AI infrastructure. "In fiscal 2026, we significantly expanded both sides of our platform, increasing our Bitcoin mining hashrate from 6.5 EH/s to 25.1 EH/s and growing contracted HPC ARR to $35 million," Holmes stated. The company's diversified dual-engine growth strategy positions it well for the evolving cryptocurrency and AI computing markets, though the significant reduction in Bitcoin holdings reflects the challenging operating environment for mining companies.
