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cryptoJun 3, 2026, 7:31 AM

HIVE Digital Revenue Jumps 158% in FY2026, Net Loss Widens

Canadian Bitcoin miner HIVE Digital Technologies reported fiscal 2026 revenue of $297.8M, up 158% YoY, and mined 2,885 BTC (+104%). However, net loss reached $148.4M and BTC reserves were cut to 150 BTC by end of Q4.

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HIVE Digital Technologies (HIVE) posted a 158% year-over-year revenue increase to $297.8 million for its fiscal year 2026, driven by a 104% rise in Bitcoin mining output to 2,885 BTC (vs. 1,414 BTC a year earlier).

Despite the operational growth, the Canadian miner recorded a net loss of $148.4 million. The company also significantly reduced its Bitcoin holdings in the fourth quarter: as of March 31, 2026, it held only 150 BTC (worth ~$10.8M), down from 481 BTC three months prior.

The financial results highlight a stark contrast between rising mining capacity and the cost pressures or strategic sales that weighed on profitability and treasury reserves.

Source: ForkLog