HIVE Achieves FY2026 Total Revenue of $297.8 Million (+158% YoY), HIVE's BUZZ HPC Positioned for Growth
HIVE Digital Technologies reported FY2026 revenue of $297.8 million, up 158% year-over-year, driven by a four-fold increase in Bitcoin mining hashrate and 94% growth in its BUZZ HPC segment. The company achieved a 36% gross operating margin and $72.9 million in adjusted EBITDA, while closing a $115 million 0% coupon exchangeable senior notes offering with capped calls to mitigate dilution. HIVE announced a collaboration with AMC Robotics (AMCI) to deploy GPU-accelerated compute infrastructure for AI-driven robotics, expanding its HPC platform into new use cases.
Key figures
- Eps
- 0
- Eps Beat
- 0
- Revenue
- 297800000
- Guidance
- Targeting $660 million HPC ARR by year-end 2028; doubling GPU cloud to ~11,000 GPUs by end of calendar 2026 generating >$200M AI Cloud ARR
- Revenue Yoy
- 158%
- Deal Value Usd
- 0
- Offering Price
- 0
- Shares Offered
- 0
- Hpc arr
- 35000000
- Q4 revenue
- 71800000
- Debt coupon
- 0%
- Hpc revenue
- 19500000
- Bitcoin mined
- 2885
- Debt maturity
- 2031
- Exchange rate
- 389.5029 shares per $1,000
- Exchange price
- 2.57
- Q4 hpc revenue
- 4600000
- Adjusted ebitda
- 72900000
- Hpc revenue yoy
- 94%
- Bitcoin holdings
- 150
- Capped call cost
- 19800000
- Q4 bitcoin mined
- 876
- Debt net proceeds
- 109500000
- Installed hashrate
- 25.1 EH/s
- Q4 bitcoin revenue
- 67200000
- Capped call premium
- 125%
- Gta gigafactory arr
- 360000000
- Debt offering amount
- 115000000
- Capped call cap price
- 4.92
- Gta gigafactory capex
- CAD 3.5 billion
- Adjusted ebitda margin
- 24%
- Digital asset holdings
- 10800000
- Gross operating margin
- 107900000
- Gta gigafactory capacity
- 320 MW
- Gta gigafactory gpu count
- 100000
- Gta gigafactory land cost
- CAD 58 million
- Q4 gross operating margin
- 17500000
- Gross operating margin pct
- 36%
- Paraguay expansion capacity
- 300 MW
- Q4 gross operating margin pct
- 24%
AI analysis
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