Canadian mining company HIVE Digital Technologies has released its 2026 fiscal year financial statements, recording a massive growth of 158% in annual revenues to $297.8 million. The mining sector has shown an even more impressive trend, with revenues up 164% to $278.3 million. Such results were achieved through a fourfold increase in hashish and a high average price of Bitcoin ($98,040). In just one year, the company generated 2,885 BTC, doubling last year’s figure despite a 42% increase in network complexity.

An interesting trend has emerged in corporate treasury management: in the fourth quarter, HIVE markedly reduced its holdings of first cryptocurrencies. If 481 BTC were held on the balance at the end of 2025, by 31 March 2026 reserves had decreased to 150 coins (equivalent to $10.8 million). However, operating growth did not save the company from a net loss of $148.4 million according to GAAP standards. HIVE explains that the negative financial result relates exclusively to non-cash items of expenditure, in particular the depreciation of mining equipment worth $170.4 million.

The high-performance computing (HPC) segment deserves special attention. With the deployment of an NVIDIA H200 chip-based cluster, revenue in this area increased by 94%, to a historic record of $19.5 million. The company’s ambitious plans suggest that by the end of 2028, HPC revenues will reach $660 million. One way to achieve this is by building a 320-megawatt data center in Toronto that will serve artificial intelligence.