Bitcoin Miner Hive Reports $297.8M Revenue Surge in Fiscal 2026, Expands into AI Infrastructure

Hive Digital Technologies reported total revenue of $297.8 million for its fiscal year ending March 31, 2026, a 158% increase from the prior year, driven by rising Bitcoin prices and expanded mining operations.

The Canadian company mined 2,885 Bitcoin during the year, more than double the 1,414 mined in fiscal 2025, while its high-performance computing division BUZZ HPC generated $19.5 million in revenue, up 94% year-over-year. In May, Hive announced plans for a 320-megawatt AI data center in the Greater Toronto Area, designed to house over 100,000 Nvidia GPUs at full buildout, positioning the facility as Canada's largest planned private AI infrastructure project.