TLDR HIVE hits record $87M revenue as Bitcoin mining power surges 101%. BUZZ HPC revenue jumps 175%, driving strong AI-ready growth momentum. Q2 mining output rises 77% despite tougher Bitcoin network conditions Debt-free HIVE grows global hydro power to 540 MW, boosting capacity. Market dips 9.6% despite HIVE’s record gains and expanding HPC footprint. HIVE [...] The post HIVE Digital Technologies Ltd. (HIVE) Stock Plunges 9.56% as Dual-Engine Growth Powers 285% YoY Revenue Jump appeared first on CoinCentral.TLDR HIVE hits record $87M revenue as Bitcoin mining power surges 101%. BUZZ HPC revenue jumps 175%, driving strong AI-ready growth momentum. Q2 mining output rises 77% despite tougher Bitcoin network conditions Debt-free HIVE grows global hydro power to 540 MW, boosting capacity. Market dips 9.6% despite HIVE’s record gains and expanding HPC footprint. HIVE [...] The post HIVE Digital Technologies Ltd. (HIVE) Stock Plunges 9.56% as Dual-Engine Growth Powers 285% YoY Revenue Jump appeared first on CoinCentral.

HIVE Digital Technologies Ltd. (HIVE) Stock Plunges 9.56% as Dual-Engine Growth Powers 285% YoY Revenue Jump

TLDR

  • HIVE hits record $87M revenue as Bitcoin mining power surges 101%.
  • BUZZ HPC revenue jumps 175%, driving strong AI-ready growth momentum.
  • Q2 mining output rises 77% despite tougher Bitcoin network conditions
  • Debt-free HIVE grows global hydro power to 540 MW, boosting capacity.
  • Market dips 9.6% despite HIVE’s record gains and expanding HPC footprint.

HIVE Digital Technologies Ltd.(HIVE) Shares dropped 9.56% to close at $3.31 despite reporting record financial results for Q2 FY2026.

HIVE Digital Technologies Ltd., HIVE

The company achieved its highest-ever quarterly revenue of $87.3 million, marking a 285% year-over-year rise.  Accelerated depreciation and non-cash charges weighed on net income, resulting in a GAAP net loss of $15.8 million.

Bitcoin Mining Drives Record Revenue Growth

HIVE expanded its Bitcoin mining capacity to 16.2 EH/s by September 30, 2025, and reached 25 EH/s in November. This expansion fueled a 101% sequential increase in mining revenue to $82.1 million. The company mined 717 Bitcoin during the quarter, a 76.6% rise despite a 21% increase in network difficulty.

Direct costs totaled $42.1 million, with 88% attributed to energy expenses. The gross operating margin improved to 48.6%, reflecting stronger efficiency and lower average costs. Consequently, HIVE generated $42.4 million in gross operating profits, reinforcing its focus on operational scale and disciplined execution.

The company’s six-month revenue reached $132.9 million, supported by rapid infrastructure buildout in Paraguay. HIVE completed 300 MW of capacity in six months, showcasing its ability to scale efficiently. The company also ended the quarter with $47 million in cash and digital assets.

BUZZ HPC Expands High-Performance Computing Footprint

HIVE’s BUZZ HPC division delivered record revenue of $5.2 million, up 175% year-over-year and 7.6% quarter-over-quarter. Direct costs reached $2.0 million, producing strong operating leverage and margins near 60%. This growth stemmed from increased demand for GPU-based computing and AI-ready infrastructure.

The company continued upgrading its Toronto and Boden data centers for high-performance GPU operations. It is converting its Grand Falls campus into a Tier III+ liquid-cooled data center to support 25,000 next-gen GPUs. These initiatives position BUZZ HPC as a significant growth engine for future revenue streams.

HIVE plans to reach a $140 million annualized HPC run rate by Q4 2026. The company targets approximately 80% gross margins as it expands capacity across Canada and Europe. This progress supports its broader strategy of sustainable data infrastructure and AI readiness.

Future Outlook and Financial Position

HIVE aims to scale its Bitcoin hashrate to 35 EH/s by Q4 2026 using next-generation ASICs. It also secured a power purchase agreement in Yguazú, expanding Paraguay’s capacity to 400 MW. The company’s total global hydro-powered footprint now stands at 540 MW.

Adjusted EBITDA for the quarter reached $31.5 million, reflecting strong operational profitability. Although net income was impacted by accelerated depreciation of $38.3 million, management emphasized that this reflects a conservative accounting approach. The balance sheet remains debt-free, underscoring prudent capital management and expansion discipline.

HIVE delivered robust dual-engine growth from its Bitcoin mining and HPC operations. Yet, the stock’s decline highlights market focus on near-term profitability despite substantial operational gains. The company remains positioned for long-term expansion in both digital currency mining and high-performance computing markets.

The post HIVE Digital Technologies Ltd. (HIVE) Stock Plunges 9.56% as Dual-Engine Growth Powers 285% YoY Revenue Jump appeared first on CoinCentral.

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