Bitcoin Miner HIVE Digital Scores 285% Revenue Pump Thanks To BTC Expansion
HIVE Digital Technologies delivered distinctive second-quarter outcomes, posting file income of $87.3 million, a 285% surge from the prior 12 months, pushed by aggressive Bitcoin mining growth and rising demand for high-performance computing providers.
The Canadian-based miner achieved this milestone regardless of reporting a $15.8 million web loss attributed to accelerated tools depreciation from its fast Paraguay buildout.
The firm’s explosive development resulted from the profitable execution of its dual-engine technique, combining scaled Bitcoin operations with its BUZZ HPC division.
With operational hashrate reaching 25 exahashes per second by November 2025, HIVE now targets annualized Bitcoin mining income of roughly $400 million.
Driven by the fast scale-out of our Bitcoin mining fleet (with 25 EH/s operational as we speak) and accelerating demand for @BUZZHPC providers, this quarter marks the strongest dual-engine development in HIVE’s historical past.
pic.twitter.com/M9M9c77fxf
— HIVE Digital Technologies (@HIVEDigitalTech) November 17, 2025
HIVE’s Bitcoin Production Soars
HIVE’s Bitcoin mining income greater than doubled to $82.1 million through the quarter ending September 30, representing a 101% sequential enhance fueled by an 86% leap in common hashrate to 16.2 EH/s.
The firm efficiently mined 717 Bitcoin regardless of going through a 21% quarter-over-quarter enhance in community problem and intensified competitors throughout the trade.
The income surge got here as Bitcoin traded close to elevated ranges through the quarter. However, the crypto has since retreated from its October peak of above $126,000, dipping briefly below $90,000 earlier today.
Bitcoin falls beneath $90,000, marking the primary time spot ETF traders face collective losses since they launched.#Bitcoin #ETFshttps://t.co/pGVAZ41La2
— Cryptonews.com (@cryptonews) November 18, 2025
Despite this volatility, HIVE maintained gross working margins of 49% after direct prices of $42.1 million, with roughly 88% of these bills representing vitality prices at competitively priced charges beneath two cents per kilowatt-hour in Sweden.
Executive Chairman Frank Holmes emphasised the importance of the outcomes, stating that regardless of Bitcoin hashprice growing solely about 25% year-over-year, income soared 285% “because of our aggressive hashrate growth and relentless deal with effectivity.”
The firm generated $132.9 million in income through the six months ending September 30 whereas sustaining a debt-free stability sheet.
Rapid Infrastructure Expansion Positions HIVE for AI Growth
HIVE accomplished a 300-megawatt capability buildout in Paraguay inside six months, bringing its world hydro-powered information middle footprint to 540 MW with a pathway towards 400 MW in Paraguay.
The firm is changing its 70 MW Grand Falls campus in New Brunswick right into a Tier III+ liquid-cooled facility able to supporting roughly 25,000 next-generation GPUs, whereas comparable retrofits advance at Toronto and Boden services.
The BUZZ HPC section posted file income of $5.2 million, up 175% year-over-year, with administration concentrating on roughly $140 million in annualized income by This fall 2026 at roughly 80% gross margins.
President and CEO Aydin Kilic famous the corporate now runs “a Bitcoin mining income run-rate approaching $400 million at a 50% working margin after electrical prices.“
Notably, shares in HIVE Digital climbed 7.55% on Monday following the announcement of its earnings.
Mining Sector Faces Profitability Crisis as Rivals Pivot to AI
HIVE’s strategic positioning comes because the broader mining sector faces extreme stress. According to TheMinerMag, Bitcoin hashprice plunges to 14-month lows close to $39 per petahash per second amid sustained community competitors above 1 zettahash.
Bitcoin Mining shares have additionally shed greater than $20 billion in market worth since mid-October, erasing features from their year-end rally as Bitcoin’s seven-day shifting common hashrate hovers close to 1.1 ZH/s regardless of profitability approaching ranges that problem even the latest fleets.
The deteriorating economics has triggered a wave of strategic pivots throughout the trade. Bitfarms announced recently that it will completely wind down its Bitcoin mining operations in 2026 and 2027, following a $46 million Q3 loss, making it the primary main public miner to desert crypto mining completely for AI infrastructure.
Other miners have equally embraced AI diversification whereas sustaining Bitcoin operations. TeraWulf posted an 87% revenue surge to $50.6 million in Q3, offsetting decrease Bitcoin manufacturing of 377 BTC with increased common costs and rising HPC lease earnings.
The firm secured multibillion-dollar offers with Fluidstack and Google for AI infrastructure internet hosting at its Lake Mariner website, whereas IREN signed a $9.7 billion settlement with Microsoft for GPU-based AI providers.
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