The company posted total revenue of $297.8 million for fiscal 2026, a 158 percent increase from the prior year, driven primarily by a dramatic expansion of its Bitcoin mining operations.
Hive mined 2,885 Bitcoin during the year—more than double the 1,414 it mined in fiscal 2025—while benefiting from an average Bitcoin price of roughly $98,000, compared to about $75,900 the year before.
Despite rising mining rewards last year, the company’s Bitcoin holdings actually fell during the span. Hive reported holding 150 BTC—about $10 million worth—as of the end of the fiscal year, down from 481 BTC as of December 31.
But the company's ambitions extend well beyond cryptocurrency. Hive's high-performance computing division, branded BUZZ HPC, generated $19.5 million in revenue, up 94% year-over-year, and executives are positioning it as the company's engine for future growth.
The results were not without complications. HIVE reported a GAAP net loss of $148.4 million for the year, though the company said roughly $221 million of losses were non-cash items, including depreciation charges.
The company holds operations in Canada, Sweden, and Paraguay—all powered by green energy—with a total installed hash rate of 25.1 exahashes per second.
