HIVE Digital Technologies has reported a remarkable 219% increase in revenue for its fiscal third quarter ended December 31, 2025, driven by its strategic pivot towards artificial intelligence (AI) and high-performance computing (HPC). Despite a 10% decline in Bitcoin prices during the same period, HIVE achieved $93.1 million in revenue and expanded its gross operating margin over sixfold to $32.1 million. The firm secured a $30 million contract to deploy Nvidia GPUs for enterprise AI cloud services, which is expected to significantly enhance its annual recurring revenue. This shift reflects a broader trend among publicly traded Bitcoin miners, as many, including HIVE, diversify into AI to mitigate the impacts of declining mining margins and volatility in the crypto market.
HIVE Digital Technologies reports 219% revenue jump in Q3
