Hive Digital Technologies Ltd · Q3 2026 earnings

Briefing

HIVE Q3 FY2026: $93M revenue but $91M net loss as Bitcoin impairment and hashprice pressure weigh

HIVE Digital Technologies reported Q3 fiscal 2026 (three months ended December 31, 2025) revenue of $93.1 million, up from $29.2 million in the prior-year quarter, reflecting expanded hashrate capacity in Paraguay and Canada. However, the company posted a net loss of $91.3 million ($0.38 per share) versus net income of $68.2 million in Q3 FY2025, driven by digital asset impairment charges amid lower Bitcoin prices and hashprice declines. Gross operating margin was $32.1 million. Nine-month revenue reached $226.0 million with a net loss of $72.1 million. Operational hashrate stood at 21.1 PH/s as of January 31, 2026 across green-energy data centers, with continued expansion into HPC/AI GPU hosting.

• Q3 FY2026 revenue was $93.1 million, up sharply from $29.2 million YoY, on expanded mining capacity in Paraguay.
• Net loss of $91.3 million ($0.38 per share) in Q3 versus $68.2 million net income prior year, reflecting digital asset impairments.
• Gross operating margin was $32.1 million; the company mined 884 BTC in the quarter.
• Operational hashrate reached 21.1 PH/s with ~362 MW utilized across Canada, Sweden, and Paraguay facilities.
• Nine-month FY2026 revenue was $226.0 million; management continues diversifying into HPC/AI with Nvidia GPU clusters.

Headline financials

Revenue & EPS history