Hive Digital, from a Bitcoin mining company, has become a data center infrastructure provider and recorded record revenue and profits in Q1/2026. Total revenue reached 45.6 million USD, of which 40.8 million USD came from crypto mining (, an increase of 44.9% compared to the previous quarter ) due to the mining of 406 BTC and the rise in Bitcoin prices. The HPC segment under the Buzz HPC brand grew by 59.8% to 4.8 million USD. Adjusted profits reached 44.6 million USD.
Hive is ramping up the use of AI chips to expand HPC, targeting an annual revenue of 100 million USD by 2026. HIVE stock is currently around 2.20 USD, down 23% since the beginning of the year. The Bitcoin mining industry is witnessing a shift towards AI, with major deals from TeraWulf, Core Scientific, and Hut 8, driven by high-performance computing demand and a strong rise in BTC prices.
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Hive Digital reported record revenue in Q1, thanks to Bitcoin and HPC.
Hive Digital, from a Bitcoin mining company, has become a data center infrastructure provider and recorded record revenue and profits in Q1/2026. Total revenue reached 45.6 million USD, of which 40.8 million USD came from crypto mining (, an increase of 44.9% compared to the previous quarter ) due to the mining of 406 BTC and the rise in Bitcoin prices. The HPC segment under the Buzz HPC brand grew by 59.8% to 4.8 million USD. Adjusted profits reached 44.6 million USD.
Hive is ramping up the use of AI chips to expand HPC, targeting an annual revenue of 100 million USD by 2026. HIVE stock is currently around 2.20 USD, down 23% since the beginning of the year. The Bitcoin mining industry is witnessing a shift towards AI, with major deals from TeraWulf, Core Scientific, and Hut 8, driven by high-performance computing demand and a strong rise in BTC prices.