Hive Digital Technologies(NASDAQ) HIVE

HIVE Digital Technologies Ltd. builds and runs data centers. It helps create Bitcoin by providing computing power to networks. The company also rents high-speed computers for artificial intelligence work.

From Mining to Modeling

• Digital Currency Mining: Providing hashrate to mining pools to earn Bitcoin; generated $72.1 million in revenue for the three months ended June 30, 2026. Hashrate is the speed at which a computer completes calculations to secure a blockchain.
• HPC Hosting: Renting out high-performance computer chips for artificial intelligence tasks; generated $7.1 million in revenue during the three months ended June 30, 2026. High-performance computing (HPC) uses specialized Graphics Processing Units (GPUs) for complex data processing.
• Infrastructure Solutions: Supplying computational capacity and data center space to various blockchain networks.

Scaling Global Digital Power

• Acquired a 200 megawatt hydroelectric-powered data center in Paraguay on March 17, 2025.
• Completed a 100 megawatt expansion at the Valenzuela facility in Paraguay on Nov. 10, 2025.
• Purchased 504 liquid-cooled computer chips for Canadian operations on Nov. 17, 2025.
• Launched AI cloud services in Paraguay through a joint venture on Jan. 13, 2026.
• Announced a 320 megawatt infrastructure project in the Toronto area on May 18, 2026.

Green Energy at Scale

HIVE sites in Canada, Sweden, and Paraguay utilize renewable power to lower the environmental impact of data centers. The company uses existing infrastructure to bridge traditional blockchain mining with the demand for artificial intelligence compute.

The Financial Ledger

• Total revenue was $79.1 million for the three-month period ended June 30, 2026, compared to $45.6 million in the prior year period.
• Net loss reached $142.9 million in the three months ended June 30, 2026, compared to a net income of $35 million in the prior year.
• A provision of $84.7 million was recorded during the quarter ended June 30, 2026, for potential value-added tax (VAT) liabilities in Sweden.
• Cash and cash equivalents reached $208 million as of June 30, 2026, up from $23.1 million as of March 31, 2026.
• Total installed hashrate, which measures the speed of the company computer fleet, reached approximately 25 exahash per second as of July 31, 2026.

Adapting to a Digital World

HIVE has evolved from a dedicated Bitcoin miner into a diversified infrastructure provider for both blockchain and artificial intelligence. This shift allows the company to use its green energy assets to support a wider range of high-performance computing markets.