Hive Digital reports record Q1 revenue, driven by Bitcoin and HPC
Hive Digital’s fiscal Q1 2026 revenue jumped 44.9% in its mining segment and nearly 60% in its HPC unit.
Hive Digital, a Bitcoin miner turned data center infrastructure provider, reported record revenue and earnings in its fiscal first quarter, driven by strong growth in high-performance computing (HPC) hosting services alongside its core mining business.
In its fiscal Q1 2026, Hive generated $45.6 million in total revenue. Digital currency mining contributed $40.8 million, up 44.9% from the previous quarter, as the company mined 406 Bitcoin (BTC) — a 34% increase quarter-over-quarter. Bitcoin’s rising value further supported the company’s performance.
Revenue from its HPC division, operating under the Buzz HPC brand, rose 59.8% sequentially to a record $4.8 million.