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HIVE Digital Technologies
HIVE Digital Technologies (HIVE) investor relations material
HIVE Digital Technologies Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2026 earnings summary2 Jun, 2026
Executive summary
FY2026 total revenue reached $297.8 million (CAD 300 million), up 158% year-over-year, with $278.3 million from Bitcoin mining and $19.5 million from HPC/AI operations, reflecting significant growth in both segments.
Net operating income was $76.5 million, and adjusted EBITDA was $72.9 million, despite a GAAP net loss of $148.4 million due to $170.4 million in depreciation and other non-cash items.
Strategic focus on scaling sovereign AI infrastructure in Canada and Paraguay, with major investments in GPU cloud, data center expansion, and a 320 MW GTA Gigafactory.
Closed a $115 million (CAD 115 million) 0% convertible/exchangeable note, oversubscribed with institutional buyers, to fund GPU cluster growth and expansion.
Up-listed to the Toronto Stock Exchange in May 2026, enhancing institutional access and visibility.
Financial highlights
Q4 FY2026 revenue was $71.8 million, with gross operating margin of $17.5 million (24%) and adjusted EBITDA loss of $9.0 million.
FY2026 gross operating margin was $107.9 million (36%), up from $25.1 million (22%) in FY2025, reflecting margin expansion.
Produced 876 Bitcoin in Q4, maintaining positive mining margin for six consecutive years.
Cash on hand at year-end was $23 million, with $10.8 million in digital currencies and $9.7 million in investments.
Cash from operations increased 3.5-fold to $62.3 million year-over-year.
Outlook and guidance
Targeting $200 million ARR for GPU cloud by Q4 2026 and $660 million total HPC ARR by year-end 2028, anchored by the 320 MW GTA Gigafactory.
GTA Gigafactory expected online in H2 2027, with $3.5 billion capital investment and $360 million ARR from colo alone.
Doubling GPU cloud capacity to 11,000 NVIDIA GPUs by end of 2026, supporting AI Cloud ARR growth.
No new CapEx planned for Bitcoin mining; all growth CapEx focused on HPC and AI infrastructure.
Management projects a path to a $5 billion+ enterprise value as new contracts and capacity come online.
Explain the GTA Gigafactory's $360M ARR target
Detail the 16.5 J/TH fleet efficiency achievement
Describe the capped call dilution mitigation
Explain the ROI model for Blackwell GPU clusters
Describe the $115M convertible note structure
Outline the 320 MW Toronto Gigafactory timeline
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Latest events from HIVE Digital Technologies
- AI cloud ARR set to surge past $200 million via capital-light growth and major partnerships.HIVE
38th Annual Roth Conference14 Jun 2026 - Q3 revenue was $29.2M, net income $1.3M, with Paraguay expansion to quadruple hashrate by 2025.HIVEQ3 20254 May 2026
- Record $93.1M revenue, strong HPC/AI growth, but $91.3M net loss from non-cash charges.HIVEQ3 202618 Feb 2026
- Q4 FY2024 revenue hit $36.9M, strong margins, and HODL rose to 2,451 BTC with minimal dilution.HIVEQ4 20243 Feb 2026
- Revenue up 37% to $32.2M, with strong margins and major Paraguay expansion planned.HIVEQ1 20252 Feb 2026
- Revenue steady at $22.6M, efficiency gains and expansion to drive future growth.HIVEQ2 202514 Jan 2026
- Record revenue and profitability driven by surging hashrate and strong Bitcoin and HPC growth.HIVEQ1 20266 Jan 2026
- Expanding green-powered mining and HPC, raising $300M for growth amid crypto and energy risks.HIVERegistration Filing29 Nov 2025
- Q2 revenue hit $87.3M, up 285%, with strong margins and major Bitcoin mining and AI cloud growth.HIVEQ2 202617 Nov 2025
Next HIVE Digital Technologies earnings date
Q1 202718 Aug, 2026
HIVE Digital Technologies
Next HIVE Digital Technologies earnings date
Q1 202718 Aug, 2026
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