HIVE Digital Technologies Reports Q3 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy HIVE?
Source: seekingalpha
- Financial Overview: HIVE Digital Technologies reported a Q3 GAAP net loss of $91.3 million, despite achieving revenue of $93.11 million, which represents a 218.5% year-over-year increase but fell short of expectations by $2.69 million, indicating challenges in profitability.
- Adjusted EBITDA: The adjusted EBITDA stood at $5.7 million, with gross operating margin significantly expanding to $32.1 million (34.5%), more than sixfold compared to $5.3 million in the prior year, demonstrating improvements in cost control and operational efficiency.
- Digital Currency Revenue: Digital currency hashrate revenue reached $88.2 million, an 8% increase from Q2 FY2026, reflecting a 41% quarter-over-quarter rise in average hashrate to 22.9 EH/s, although this was partially offset by approximately 10% lower Bitcoin prices and a 15% increase in network difficulty.
- Bitcoin Production Growth: The company generated 885 Bitcoins in the quarter, achieving a 23% quarter-over-quarter increase despite a 15% rise in network difficulty, showcasing HIVE's resilience in Bitcoin mining.
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Analyst Views on HIVE
Wall Street analysts forecast HIVE stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.140
Low
6.50
Averages
8.17
High
10.00
Current: 2.140
Low
6.50
Averages
8.17
High
10.00
About HIVE
HIVE Digital Technologies Ltd. is a technology company advancing sustainable blockchain and artificial intelligence (AI) infrastructure powered by green energy. The Company is engaged in digital asset mining and AI computing. Its operations are focused on the mining of digital currencies to upgrade, expand and scale up its data center operations. It holds Bitcoin and monetizes other cryptocurrencies that it derives from its mining operations. It is engaged in building a bridge between the Bitcoin blockchain sector and traditional capital markets. Its cryptocurrency assets provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of Bitcoin. It develops and expands its high-performance computing business, which implements the Company’s fleet of graphic processing units (GPUs) in enterprise-grade CPU servers, operating in tier three data centers. It operates green energy-powered data center facilities in Canada, Sweden, and Paraguay.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
HIVE Digital Technologies Reports Q3 Financial Results
- Financial Overview: HIVE Digital Technologies reported a Q3 GAAP net loss of $91.3 million, despite achieving revenue of $93.11 million, which represents a 218.5% year-over-year increase but fell short of expectations by $2.69 million, indicating challenges in profitability.
- Adjusted EBITDA: The adjusted EBITDA stood at $5.7 million, with gross operating margin significantly expanding to $32.1 million (34.5%), more than sixfold compared to $5.3 million in the prior year, demonstrating improvements in cost control and operational efficiency.
- Digital Currency Revenue: Digital currency hashrate revenue reached $88.2 million, an 8% increase from Q2 FY2026, reflecting a 41% quarter-over-quarter rise in average hashrate to 22.9 EH/s, although this was partially offset by approximately 10% lower Bitcoin prices and a 15% increase in network difficulty.
- Bitcoin Production Growth: The company generated 885 Bitcoins in the quarter, achieving a 23% quarter-over-quarter increase despite a 15% rise in network difficulty, showcasing HIVE's resilience in Bitcoin mining.
See More
HIVE Digital Technologies Reports Significant Q3 Revenue Growth
- Significant Revenue Growth: HIVE Digital Technologies reported substantial revenue growth in its Q3 results, showcasing resilience and adaptability in the digital asset sector despite challenges posed by Bitcoin's cyclical nature.
- Surge in Bitcoin Production: The company's Bitcoin production in December nearly tripled year-over-year, reflecting successful mining efficiency and capacity expansion, which further solidifies its market position.
- Market Rating Analysis: While HIVE's quant rating indicates a low current valuation, analysts caution that Bitcoin's cyclical fluctuations still dominate the market, potentially impacting future profitability and investor confidence.
- Future Outlook: HIVE Digital Technologies' ongoing growth and expansion strategies, combined with the dynamic changes in the Bitcoin market, may offer long-term growth opportunities for investors, but caution is advised in navigating the risks associated with market volatility.
See More
HIVE Secures $30 Million in AI Cloud Contracts
- Customer Agreements Signed: HIVE Digital Technologies Ltd. has signed customer agreements totaling approximately $30 million, marking a significant advancement in its AI cloud strategy and expected to enhance the company's market share in high-performance computing.
- Revenue Growth Expectations: Management anticipates that the initial phase of BUZZ's AI-optimized GPU deployment will generate around $15 million in annual recurring revenue, reflecting strong contracted demand and laying the groundwork for future revenue growth.
- Market Expansion Plans: HIVE aims to scale its GPU cloud business throughout 2026, with expectations for annual revenue from its HPC segment to grow from approximately $20 million to $35 million, demonstrating the company's proactive response to market demand.
- Analyst Ratings and Outlook: Despite a 25.17% decline in HIVE's stock price over the past 12 months, analysts generally maintain a
See More
U.S. Stock Futures Fluctuate as Investors Await Inflation Data
- Inflation Data Anticipation: Investors are keenly awaiting the January consumer price index (CPI) data, with experts like Tom Lee estimating a year-over-year core CPI drop to 2.52%, aligning with the 2017-2019 average, which could signal a return to pre-COVID inflation levels and influence market expectations and investment decisions.
- Treasury Yield Trends: The 10-year Treasury bond yield stands at 4.12%, while the two-year bond yield is at 3.47%, indicating a cautious market outlook on future interest rate policies, with the CME Group's FedWatch tool showing a 92.1% likelihood of the Federal Reserve keeping rates unchanged in March, which will affect capital flows and investment strategies.
- Stock Performance Highlights: Tri Pointe Homes (NYSE:TPH) surged 25.79% after announcing an all-cash strategic merger with Sumitomo Forestry, reflecting strong market confidence in its growth potential, while Expedia Group (NASDAQ:EXPE) dropped 4.97% due to a muted margin forecast, indicating market concerns over its profitability.
- Economic Outlook Analysis: Scott Wren from Wells Fargo maintains an optimistic view of the U.S. economy, raising the growth estimate to 2.9% for 2026, and believes current market volatility presents “buying opportunities,” suggesting investors should focus on cyclical and value-oriented sectors to capitalize on future investment opportunities.
See More
HIVE Digital Technologies Reports Strong January Results Driven by Hashrate Growth
- Significant Hashrate Growth: HIVE's average hashrate reached 22.2 EH/s in January 2026, a 290% increase from 5.7 EH/s a year earlier, allowing the company to maintain over 2% of the global Bitcoin network hashrate, thereby enhancing its competitive position in the market.
- Substantial Bitcoin Production Increase: The company produced 297 Bitcoin in January, up 191% from 102 Bitcoin in January 2025, with an average daily production of 9.6 BTC, demonstrating operational efficiency despite a 30% year-over-year increase in global Bitcoin mining difficulty.
- Renewable Energy Expansion: HIVE currently operates 440 MW of renewable energy capacity, with an additional 100 MW scheduled for deployment in Q3 2026, bringing total capacity to 540 MW, which supports both Bitcoin mining expansion and potential future artificial intelligence and high-performance computing workloads.
- Equipment Upgrade and Efficiency Improvement: The company has purchased 2,667 Bitmain S21 XP ASIC miners to replace older equipment, expecting to increase its hashrate to 25.5 EH/s and improve average efficiency to 17 J/TH, further solidifying its leadership in the industry.
See More
HIVE Digital Technologies Reports Exceptional Bitcoin Production Results for January 2026
- Bitcoin Production Surge: HIVE produced 297 BTC in January 2026, marking a 191% increase from January 2025, indicating strong growth potential in Bitcoin production that is expected to enhance market share.
- Significant Hashrate Growth: The company's hashrate averaged 22.2 EH/s, reflecting a 290% increase from 2025, peaking at 23.7 EH/s, which will enhance competitiveness and lower operational costs.
- Mining Fleet Upgrade: HIVE acquired 2,667 Bitmain S21 XP ASIC miners, expected to boost global hashrate to 25.5 EH/s, further improving fleet efficiency and helping the company maintain its leading position in a competitive market.
- Renewable Energy Focus: HIVE emphasized the role of renewable energy and high-efficiency hardware in achieving January's results, laying a foundation for future expansion into AI and high-performance computing sectors.
See More
HIVE Digital Technologies Reports Q3 Financial Results
- Financial Overview: HIVE Digital Technologies reported a Q3 GAAP net loss of $91.3 million, despite achieving revenue of $93.11 million, which represents a 218.5% year-over-year increase but fell short of expectations by $2.69 million, indicating challenges in profitability.
- Adjusted EBITDA: The adjusted EBITDA stood at $5.7 million, with gross operating margin significantly expanding to $32.1 million (34.5%), more than sixfold compared to $5.3 million in the prior year, demonstrating improvements in cost control and operational efficiency.
- Digital Currency Revenue: Digital currency hashrate revenue reached $88.2 million, an 8% increase from Q2 FY2026, reflecting a 41% quarter-over-quarter rise in average hashrate to 22.9 EH/s, although this was partially offset by approximately 10% lower Bitcoin prices and a 15% increase in network difficulty.
- Bitcoin Production Growth: The company generated 885 Bitcoins in the quarter, achieving a 23% quarter-over-quarter increase despite a 15% rise in network difficulty, showcasing HIVE's resilience in Bitcoin mining.
See More
HIVE Digital Technologies Reports Significant Q3 Revenue Growth
- Significant Revenue Growth: HIVE Digital Technologies reported substantial revenue growth in its Q3 results, showcasing resilience and adaptability in the digital asset sector despite challenges posed by Bitcoin's cyclical nature.
- Surge in Bitcoin Production: The company's Bitcoin production in December nearly tripled year-over-year, reflecting successful mining efficiency and capacity expansion, which further solidifies its market position.
- Market Rating Analysis: While HIVE's quant rating indicates a low current valuation, analysts caution that Bitcoin's cyclical fluctuations still dominate the market, potentially impacting future profitability and investor confidence.
- Future Outlook: HIVE Digital Technologies' ongoing growth and expansion strategies, combined with the dynamic changes in the Bitcoin market, may offer long-term growth opportunities for investors, but caution is advised in navigating the risks associated with market volatility.
See More
HIVE Secures $30 Million in AI Cloud Contracts
- Customer Agreements Signed: HIVE Digital Technologies Ltd. has signed customer agreements totaling approximately $30 million, marking a significant advancement in its AI cloud strategy and expected to enhance the company's market share in high-performance computing.
- Revenue Growth Expectations: Management anticipates that the initial phase of BUZZ's AI-optimized GPU deployment will generate around $15 million in annual recurring revenue, reflecting strong contracted demand and laying the groundwork for future revenue growth.
- Market Expansion Plans: HIVE aims to scale its GPU cloud business throughout 2026, with expectations for annual revenue from its HPC segment to grow from approximately $20 million to $35 million, demonstrating the company's proactive response to market demand.
- Analyst Ratings and Outlook: Despite a 25.17% decline in HIVE's stock price over the past 12 months, analysts generally maintain a
See More
U.S. Stock Futures Fluctuate as Investors Await Inflation Data
- Inflation Data Anticipation: Investors are keenly awaiting the January consumer price index (CPI) data, with experts like Tom Lee estimating a year-over-year core CPI drop to 2.52%, aligning with the 2017-2019 average, which could signal a return to pre-COVID inflation levels and influence market expectations and investment decisions.
- Treasury Yield Trends: The 10-year Treasury bond yield stands at 4.12%, while the two-year bond yield is at 3.47%, indicating a cautious market outlook on future interest rate policies, with the CME Group's FedWatch tool showing a 92.1% likelihood of the Federal Reserve keeping rates unchanged in March, which will affect capital flows and investment strategies.
- Stock Performance Highlights: Tri Pointe Homes (NYSE:TPH) surged 25.79% after announcing an all-cash strategic merger with Sumitomo Forestry, reflecting strong market confidence in its growth potential, while Expedia Group (NASDAQ:EXPE) dropped 4.97% due to a muted margin forecast, indicating market concerns over its profitability.
- Economic Outlook Analysis: Scott Wren from Wells Fargo maintains an optimistic view of the U.S. economy, raising the growth estimate to 2.9% for 2026, and believes current market volatility presents “buying opportunities,” suggesting investors should focus on cyclical and value-oriented sectors to capitalize on future investment opportunities.
See More
HIVE Digital Technologies Reports Strong January Results Driven by Hashrate Growth
- Significant Hashrate Growth: HIVE's average hashrate reached 22.2 EH/s in January 2026, a 290% increase from 5.7 EH/s a year earlier, allowing the company to maintain over 2% of the global Bitcoin network hashrate, thereby enhancing its competitive position in the market.
- Substantial Bitcoin Production Increase: The company produced 297 Bitcoin in January, up 191% from 102 Bitcoin in January 2025, with an average daily production of 9.6 BTC, demonstrating operational efficiency despite a 30% year-over-year increase in global Bitcoin mining difficulty.
- Renewable Energy Expansion: HIVE currently operates 440 MW of renewable energy capacity, with an additional 100 MW scheduled for deployment in Q3 2026, bringing total capacity to 540 MW, which supports both Bitcoin mining expansion and potential future artificial intelligence and high-performance computing workloads.
- Equipment Upgrade and Efficiency Improvement: The company has purchased 2,667 Bitmain S21 XP ASIC miners to replace older equipment, expecting to increase its hashrate to 25.5 EH/s and improve average efficiency to 17 J/TH, further solidifying its leadership in the industry.
See More
HIVE Digital Technologies Reports Exceptional Bitcoin Production Results for January 2026
- Bitcoin Production Surge: HIVE produced 297 BTC in January 2026, marking a 191% increase from January 2025, indicating strong growth potential in Bitcoin production that is expected to enhance market share.
- Significant Hashrate Growth: The company's hashrate averaged 22.2 EH/s, reflecting a 290% increase from 2025, peaking at 23.7 EH/s, which will enhance competitiveness and lower operational costs.
- Mining Fleet Upgrade: HIVE acquired 2,667 Bitmain S21 XP ASIC miners, expected to boost global hashrate to 25.5 EH/s, further improving fleet efficiency and helping the company maintain its leading position in a competitive market.
- Renewable Energy Focus: HIVE emphasized the role of renewable energy and high-efficiency hardware in achieving January's results, laying a foundation for future expansion into AI and high-performance computing sectors.
See More
