Bitcoin miner HIVE reports ‘record’ revenue as BTC production jumps
HIVE Digital Technologies reported record Q2 fiscal 2026 revenue of $87.3 million, driven by a 77% quarter-over-quarter increase in BTC production.Summary
HIVE Digital Technologies announced record revenue of $87.3 million for the second quarter of its 2026 fiscal year, marking a 285% year-over-year increase, alongside an adjusted EBITDA of $31.5 million. This performance was achieved despite rising network difficulty, with BTC production jumping 77% quarter-over-quarter to 717 BTC (worth about $67.5 million) and over 100% year-over-year. Executive Chairman Frank Holmes attributed the revenue surge to aggressive hashrate expansion and efficiency focus, noting revenue soared 285% even as Bitcoin hashprice only rose about 25% year-over-year. Furthermore, the company is accelerating its AI data center initiatives through its subsidiary BUZZ HPC, positioning itself for growth beyond traditional Bitcoin mining, as analysts note miners are increasingly driven by the AI theme.
(Source：The Block)