HIVE Digital Technologies Reports Record Q3 Revenue Driven by Bitcoin Hashrate Growth

HIVE Digital (NASDAQ: HIVE) Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) reported record quarterly revenue of $93.1 million for the third quarter ended December 31, 2025, representing a 219% increase year-over-year and a 7% increase quarter-over-quarter. The company also achieved an Adjusted EBITDA of $5.7 million and a gross operating margin of $32.1 million, which is a significant increase from $5.3 million in the same period last year.

This growth is attributed to HIVE's strategic expansion of its Bitcoin hashrate fleet, which reached an installed capacity of 25 Exahash per Second (EH/s) by the end of the quarter. The company's dual-engine strategy, which combines Bitcoin hashrate services with high-performance computing (HPC) platforms, has positioned it to capitalize on the increasing demand for both sectors.

Frank Holmes, HIVE's Executive Chairman, emphasized that this quarter marks an inflection point for the company, highlighting the disciplined execution across its business segments. The rapid scale-up of its renewable-powered hashrate platform and the acceleration of its AI strategy are key drivers of this growth. HIVE's focus on sustainable energy sources aligns with the growing market demand for environmentally responsible data center operations.

HIVE's expansion into Paraguay is particularly noteworthy. The company is positioning itself to become a leader in HPC for Latin America, leveraging the region's abundant and stable green energy resources. HIVE plans to develop Tier-III data centers in Paraguay, which are expected to significantly contribute to the local economy and energy market. The partnership with Paraguay's largest Tier-III telecom data center operator further solidifies HIVE's strategic foothold in the region.