Bitcoin miner Hive reports record revenue as hashrate expands despite $91 million net loss tied to accelerated depreciation
Hive Digital Technologies achieved record revenue of $93.1 million but posted a $91.3 million net loss due to accelerated depreciation.Summary
Hive Digital Technologies reported record revenue of $93.1 million for its fiscal third quarter ending December 31, 2025, marking a 219% year-over-year increase, driven by growth in its Bitcoin hashrate fleet and BUZZ HPC platforms. Despite this revenue success and an adjusted EBITDA of $5.7 million, the company recorded a net loss of $91.3 million. This significant loss was attributed to the "accelerated depreciation related to [its] Paraguay expansion and non-cash revaluation adjustments," specifically stemming from the decision to depreciate next-generation ASIC hardware over a two-year cycle instead of the typical four years. Hive remains optimistic, focusing on scaling its AI strategy and leveraging its high-performance compute infrastructure for future growth.
(Source：The Block)