HIVE Digital Technologies mined more bitcoin in its fiscal second quarter ended September 30, but earned less from mining. In a report published November 10, 2026, Odaily, citing The Block, said HIVE received 1,070 BTC in mining rewards, up 49% year over year. Mining revenue fell from $82.1 million to $76.0 million as the average Bitcoin price declined from $114,382 to $71,003 over the same comparison period.
Company-wide revenue was $84.9 million, down 2.7% year over year. HIVE reported a $78.7 million net loss, compared with a $15.8 million loss a year earlier, and recorded a $31.2 million impairment on mining equipment. Adjusted EBITDA was $24.8 million.
HIVE’s BUZZ high-performance computing business generated $8.8 million in quarterly revenue, up 70.7% year over year. The company put its GPU cloud business’s operating annual recurring revenue (ARR) at about $40 million. Its contracted ARR was about $185 million, including capacity not yet in operation. HIVE projected GPU cloud ARR of $200 million in the fourth quarter of 2026 and set a goal of $700 million in total HPC ARR by the end of 2028; those figures are targets, not current revenue.
At the end of September, HIVE held $139 million in cash and cash equivalents and $22.6 million in digital assets.
Original report: Odaily, November 10, 2026, 20:06:51 UTC+08:00.