Ah, but look here! HIVE Digital, with a certain flair for the dramatic, has announced its Q1 2026 results, and lo and behold! They’ve shattered records with a staggering $45.6 million in revenue. Adjusted EBITDA, because why not, soared to $44.6 million. All this magic was, of course, the result of a marvelous 45% increase in average hashrate to a whopping 8.9 EH/s. Who said numbers don’t matter? 😏
BREAKING: Thanks to a marvelous 45% jump in average hashrate, plus some flair in both Bitcoin mining and HPC (High Performance Computing – don’t be too impressed), HIVE has hit an all-time high in revenue, net income, and Adjusted EBITDA. 🧵
– HIVE Digital Technologies (@HIVEDigitalTech) August 15, 2025
Now, let’s talk Bitcoin! It wasn’t just a good week at the office. HIVE raked in $40.8 million from Bitcoin mining, a nifty 44.9% increase compared to the previous quarter. This was thanks to a little thing called “self-mining hashrate” (don’t worry, we’ll talk about it at dinner), and some friendly Bitcoin price bumps. They mined a whole 406 BTC – that’s a 34% rise, despite the network difficulty taking a 10.2% leap. Gosh, even the mining itself gets harder, but HIVE makes it look like a walk in the park. 💪
As for costs, the electricity bill was, how do we say, monstrous? $26.8 million, with 90% of that amount spent on feeding the beast. But don’t fret – it’s all worth it, right? 😅
The BUZZ HPC segment (sounds like the future, doesn’t it?) delivered a sizzling $4.8 million in revenue, which is almost 60% more than last quarter. This delightful boost came courtesy of surging demand in AI and compute. The costs? Just $2.1 million – a small price to pay for the future, if you ask me. ⚡
Gross margins were as delicious as a hot croissant, rising to $15.8 million (a 34.7% margin), up from $8.8 million last quarter. As for net income? A cool $35 million, thanks to a little help from net gains on digital currencies, equity gains, and a stunning $16.4 million in derivative asset revaluation gains. They’re really cooking here! 🍽️
And what’s this? HIVE’s management seems to think big – they’ve already hit 15 EH/s as of July, generating around 7.5 BTC per day. And the future? Oh, they’ll reach 25 EH/s by Thanksgiving. I’m already thinking about the dessert course. Meanwhile, their AI cloud business is getting a little more robust with plans to acquire a 7.2 MW Tier 3 Toronto data center. Talk about a sweet setup! 🎉
With $71.9 million in cash and crypto, they’re in a prime position for more growth. It’s like they’re playing Monopoly, but with real money. Can you feel the excitement? 💰
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2025-08-16 01:30