HIVE Digital Technologies Ltd. (HIVE) reported a remarkable Q3 FY2026, achieving a record revenue of $93.1 million, which represents a 219% increase year-over-year. This growth was largely driven by its Bitcoin mining operations, which generated $88.2 million in revenue and benefited from the company’s efficient hydro-powered data centers in Paraguay. As a result, HIVE demonstrated significant operating leverage with gross margins expanding sixfold while general and administrative expenses grew less than twice. Furthermore, HIVE’s dual-engine strategy, which combines its profitable Bitcoin mining activities with an accelerated push into artificial intelligence (AI) expansion, positions the company for sustained growth as it aims to enhance its technological infrastructure and meet the rising demand for AI computing capabilities.
HIVE Digital Technologies reports 219% revenue growth in Q3
