HIVE Digital Technologies (NASDAQ: HIVE) gave investors a report that, at first glance, supports its bitcoin mining to high-performance computing (HPC) pivot. For its full fiscal year 2026, the company generated revenue of $297.80 million, up 158% year over year. The gain was mostly due to an increase in Bitcoin mining hashrate and the first full year of contributions from its massive Paraguay expansion.
HIVE is not profitable yet, so revenue is the main story. But it wasn’t the only highlight in the report. The company’s gross operating margin expanded from 22% to 36%, and adjusted EBITDA reached $72.90 million.
