Hive Digital Technologies Ltd · Q4 2025 earnings

Briefing

HIVE posts $45.6M revenue and $35M net income as Paraguay expansion drives hashrate to 15.1 EH/s

HIVE Digital Technologies reported Q1 fiscal 2026 results (three months ended June 30, 2025) with total revenue of $45.6 million, up from $32.2 million a year ago, and net income of $35.0 million versus an $18.3 million loss in the prior-year quarter. Basic EPS was $0.19. The company mined 406 BTC during the quarter while operating roughly 15,130 PH/s of hashrate across Canada, Sweden and Paraguay, with the Yguazú facility in Paraguay contributing the bulk of capacity. Management is targeting over 25 EH/s by late 2025 and continues diversifying into HPC and AI GPU cloud services alongside Bitcoin mining.

• Revenue rose to $45.6M from $32.2M YoY; net income swung to $35.0M from an $18.3M loss
• Operational hashrate reached 15,130 PH/s using ~299 MW of power across green-energy data centers
• Company mined 406 BTC in the quarter and reported basic EPS of $0.19
• Paraguay expansion (Yguazú and Valenzuela sites) is central to the path toward 25+ EH/s capacity
• HIVE is diversifying beyond mining into HPC/AI GPU rentals while maintaining a gross operating margin of $15.8M

Headline financials

Revenue & EPS history

Management targets expanding global hash rate capacity to over 25 EH/s by American Thanksgiving 2025, driven primarily by Paraguay Phase 2 and Valenzuela development, with fleet efficiency expected to improve to 17.5 J/TH.