Hive Digital, a Bitcoin Miner infrastructure provider reports record income and income in the first quarter of fiscal, driven by strong growth in high-performance computing (HPC) hosting services with the main mining business.
In fiscal Q1 2026, Hive formed $ 45.6 million in total income. Digital currency mining contributed $ 40.8 million, up to 44.9% from the previous quarter, since the company was mined 406 Bitcoin (Btc) -A 34% quarter-over-quarter increase. Increasing Bitcoin value further support the company’s performance.
Revenue from its HPC division, which operates under the Buzz HPC brand, rose 59.8% in a record of a record of $ 4.8 million.
On an adjusted basis, revenues cost $ 44.6 million.
Although mining remains the main Hive income driver, the company especially uses advanced AI chips to expand the HPC business. Executives Frank Holmes and Aydin Kilic said to the cointelegraph That they aim at the HPC segment of reaching a $ 100 million annual running rate next year.
The company’s shares partially comply with the revenue report, with the last seen trade around $ 2.20.
Hive is not the only Bitcoin miner who benefits from the Crypto Bull market. Last week, Cleanspark reports record and income incomestrengthened by turging BTC prices.
Similarly, last month Mara Holdings have been posted A sharp income increase, driven by higher values in Bitcoin and expanded mining operation.
Related: Bitcoin miners and AI companies compete for cheaply sustainable energy
The AI Pivot of the Bitcoin mining industry continues
Hive was among the first Bitcoin miners to restore part of its infrastructure for HPC and AI – a trend that only accelerated throughout the industry.
Earlier this week, Terawulf announced a $ 3.7 Billion Agreement to Ai -Host of AI In fluidstack, an AI infrastructure provider, along with Google FluidsTack hire obligations. In return, Google received 41 million Terawulf shares as part of the deal.
The Core Scientific is a well -known example of a Bitcoin miner whose pivot in AI has revived its difficult business after filing for chapter 11 losses in the last crypto bear market. The company is Eventually captured by Coreweave in a $ 9 billion deal.
HUT 8 has appointed more than 1,000 NVIDIA H100 GPUs as part of its expansion of cloud -based computing. In the latest quarterly income ReportThe company said it was working to “commercialize opportunities at the AI Data Center.”
https://www.youtube.com/watch?v=3_B-7ctsvhy
Related: Jack Dorsey’s block targets a 10-year lifecycle for bitcoin mining rigs
