HIVE Digital Posts Record Q3 Revenue as Bitcoin Hashrate and AI Strategy Scale Up
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The latest announcement is out from HIVE Digital Technologies ( (TSE:HIVE) ).
HIVE Digital Technologies reported record third-quarter fiscal 2026 revenue of $93.1 million for the period ended December 31, 2025, up 219% year over year, with gross operating margin jumping more than sixfold to $32.1 million as Bitcoin hashrate revenue and BUZZ HPC income both expanded. Despite a GAAP net loss of $91.3 million driven largely by accelerated depreciation on new Paraguay-focused ASIC fleets and non-cash revaluations, the company scaled its renewable-powered Bitcoin hashrate to 25 EH/s, completed a 440 MW global capacity buildout, and positioned its Paraguay operations and BUZZ AI cloud contracts as strategic pillars for future AI and HPC growth.
Operationally, HIVE increased Bitcoin output to 885 coins in the quarter despite higher network difficulty, maintained G&A growth well below the pace of margin expansion, and secured an additional 100 MW PPA and land in Paraguay to underpin up to 10 EH/s of further capacity. Management highlighted a February 2026 two-year, $30 million GPU lease contract for 504 Nvidia B200 chips and outlined ambitious plans to scale GPU AI cloud and Tier-III colocation revenues by late 2026 or early 2027, signaling a deliberate pivot toward diversified, recurring AI and HPC revenue streams alongside its core Bitcoin mining business.
The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.
Spark’s Take on TSE:HIVE Stock
According to Spark, TipRanks’ AI Analyst, TSE:HIVE is a Neutral.
Overall score reflects a solid balance sheet and growth trajectory (including upbeat HPC/GPU guidance), offset by weak/volatile profitability with deeply negative free cash flow and a clearly bearish technical setup (price below all key moving averages with negative momentum indicators).
To see Spark’s full report on TSE:HIVE stock, click here.
More about HIVE Digital Technologies
HIVE Digital Technologies is a global operator of sustainable, hydro-powered data centers focused on Bitcoin mining and high-performance computing. Through its BUZZ AI and HPC platforms, the company is expanding into GPU-based AI cloud and Tier-III colocation services, with key infrastructure in Canada, Sweden and a fast-growing footprint in Paraguay to serve both crypto and AI compute demand.
Average Trading Volume: 1,776,072
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$721M
For a thorough assessment of HIVE stock, go to TipRanks’ Stock Analysis page.
