Hive Digital Posts Record Revenue in Q1 2026

Mining Segment Surges Amid Bitcoin Rally

During the first quarter ending June 30, Hive generated $45.6million in total revenue, with digital currency mining contributing $40.8million—a remarkable 44.9% increase from the prior period. The company mined 406Bitcoin, representing a 34% uptick quarter-over-quarter, as Bitcoin’s rising value provided an additional boost to performance. Hive’s mining arm remains its primary revenue engine, maintaining momentum amidst a bullish crypto market.

Buzz HPC Division Drives New Growth

Hive’s transition to high-performance computing (HPC), operating under the Buzz HPC brand, continued at pace this quarter. HPC revenue soared 59.8% sequentially to a record $4.8million, underscoring strong demand for AI hosting and cloud infrastructure solutions. The company has aggressively deployed advanced AI chips and expanded its capabilities to meet surging client needs. Executives Frank Holmes and Aydin Kilic stated their aim to reach a $100million annual run rate for HPC by next year, reinforcing Hive’s commitment to innovation in digital services.

Company shares traded around $2.20 post-report, with minor declines not overshadowing the strong results. Leadership highlighted ongoing expansion plans, including targeted acquisitions and investments in GPU clusters to capitalize on AI trends.

Outlook: Innovation and Expansion

Hive Digital’s outstanding Q1 2026 performance reflects the company’s successful pivot beyond Bitcoin mining to next-gen, hybrid infrastructure. With sustained digital mining growth and rapid HPC advancements propelling record results, Hive stands out as a resilient player in a volatile industry. As competitors also shift toward AI and cloud solutions, Hive’s integrated strategy positions it for continued momentum and market leadership through 2026 and beyond.

Investors and technology watchers alike will be looking to Hive Digital’s next steps as it helps shape the intersection of blockchain and artificial intelligence.

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