HIVE Digital Technologies has announced its Q2 2026 financial results, reporting a record revenue of $87.3 million, marking a 285% increase compared to the previous year. The company's adjusted EBITDA reached $31.5 million, while Bitcoin production surged by 77% quarter-over-quarter to 717 BTC, valued at approximately $67.5 million. This growth comes despite increased network difficulty, with Executive Chairman Frank Holmes crediting the expansion to enhanced hash rate and efficiency improvements.
In addition to its mining success, HIVE is progressing with AI data center projects in Canada and Europe through its subsidiary BUZZ HPC. The company's stock has responded positively, rising 6% to $3.52, and achieving a year-to-date gain of over 20%.
HIVE Digital Technologies Achieves Record Revenue with Bitcoin Production Surge
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