BUZZ

HIVE
2026-08-01 06:33:31

HIVE says fiscal-year revenue rose to $298 million as B200 GPUs earn about 24x more per hour than mining rigs

HIVE Digital Technologies said its 2026 fiscal-year revenue reached $298 million, up 158% from a year earlier, as the company expanded both its Bitcoin mining and AI computing operations. Executive Chairman Frank Holmes said HIVE’s 504 Nvidia B200 GPUs, deployed in Bell Canada’s Manitoba AI fabric, generate about $2.90 per GPU per hour. By comparison, the company’s Bitcoin mining machines bring in about $0.12 per hour, putting GPU revenue at roughly 24 times the level of mining equipment on that measure. The company said revenue from digital currency mining increased 164% during the same fiscal year. Its average mining hashrate climbed to 22.2 EH/s, up 290% year over year, equal to about 3% of the Bitcoin network hashrate, and HIVE mined 2,885 BTC. BUZZ HPC, the unit handling AI and high-performance computing workloads, posted $19.5 million in revenue, up 94% from $10 million in the previous fiscal year. HIVE also disclosed an approximately $220 million GPU cloud agreement with Bell and AI company Cohere, alongside $75 million raised through a note issuance to expand AI infrastructure. The company is building a 320-megawatt AI data center in the Greater Toronto Area that is planned to eventually hold more than 100,000 GPUs. HIVE said the facility could generate about $360 million in annualized recurring revenue if it is fully online in the second half of 2027.

1820
HIVE says fiscal-year revenue rose to $298 million as B200 GPUs earn about 24x more per hour than mining rigs