HIVE Digital's Q4 Bitcoin Mining Revenue Misses Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 02 2026
0mins
Source: seekingalpha
- Revenue Decline: HIVE Digital's Q4 bitcoin mining revenue reached $67.2 million, down 23.9% from the previous quarter and significantly below the analyst estimate of $74.31 million, indicating weak market demand.
- Bitcoin Price Impact: The average bitcoin price fell to $76,476, a 27% drop from approximately $98,000 in Q3, directly contributing to the revenue decline and reflecting pricing pressures in the industry.
- Overall Financial Performance: Total revenue stood at $71.8 million, missing the analyst consensus of $80.73 million, with adjusted EBITDA showing a loss of $9 million, highlighting a significant drop in profitability.
- Future Outlook: Despite challenges, Executive Chairman Frank Holmes stated that HIVE remains focused on the powerful technology trends of bitcoin and AI, aiming for disciplined, high-ROIC growth powered by 100% green energy.
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Analyst Views on HIVE
Wall Street analysts forecast HIVE stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.790
Low
6.50
Averages
8.17
High
10.00
Current: 3.790
Low
6.50
Averages
8.17
High
10.00
About HIVE
HIVE Digital Technologies Ltd. (HIVE) builds and operates Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. The Company’s primary business is operating data centers, the computing power of which is used for high performance computing (HPC) and generating hashrate which is sold to mining pools and then used for the mining of cryptocurrencies. The mining pools acquire the hashrate from HIVE based on a Full Pay-Per-Share (FPPS) payout model. Its twin-turbo engine infrastructure-driven by hashrate services and graphic processing units (GPUs)-accelerated artificial intelligence (AI) computing. The mining pools acquire the hashrate from HIVE based on an FPPS payout model. The Company sells computational power to various third-party aggregators, including mining pools, enterprises supported by AI, and other miscellaneous data center applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
HIVE Digital Technologies COO Sells 215,000 Shares
- Executive Share Sale: HIVE Digital Technologies COO Luke Rossy sold 215,000 common shares on June 8, 2026, for approximately $854,000, reducing his direct ownership from 100% to zero, which may indicate a potential lack of confidence in the company's future.
- Transaction Context: This sale marks Rossy's final disposition of shares since April 2026, reflecting a complete liquidation of his direct holdings, which could influence investor perceptions regarding corporate governance and executive confidence.
- Financial Performance: HIVE reported a fiscal 2026 revenue of $297.8 million, up 158% year-over-year, while high-performance computing (HPC) revenue reached a record $19.5 million, showcasing the company's robust growth potential in digital currency and AI infrastructure.
- Future Strategic Outlook: HIVE aims to increase its HPC annual recurring revenue to $660 million by fiscal 2028, indicating a proactive shift towards becoming an AI infrastructure provider, although the executive's share sale may raise questions about the long-term viability of this strategy.
See More
HIVE Executive Sells 215,000 Shares in Market Transaction
- Executive Stock Sale: Luke Rossy, COO of HIVE Digital Technologies Ltd., sold 215,000 common shares on June 8, 2026, for approximately $854,000, indicating a complete divestment of his direct holdings and potentially raising concerns about executive confidence in the company's future.
- Transaction Details: The average sale price was $3.97 per share, with a post-transaction market close at $3.96, suggesting Rossy sold at a high point, which may reflect apprehension regarding short-term market fluctuations.
- Company Financial Performance: HIVE's fiscal 2026 revenue surged 158% to $297.8 million, while BUZZ high-performance computing (HPC) revenue climbed 94% to a record $19.5 million, showcasing the company's robust growth potential amid its transformation into AI infrastructure.
- Future Strategic Goals: Management aims to increase contracted HPC annual recurring revenue to $660 million by fiscal 2028, indicating HIVE's active shift towards becoming an AI infrastructure provider, even as the market still primarily views it as a bitcoin miner.
See More
HIVE Digital Technologies Reports Missed Earnings Expectations
- Earnings Miss: HIVE Digital Technologies reported fourth-quarter revenue of $71.8 million, missing analyst expectations of $79.5 million by approximately 9.1%, while adjusted EBITDA turned negative at $9.0 million, indicating significant pressure on profitability amid a 27% sequential drop in Bitcoin prices.
- Annual Revenue Growth: Despite achieving $297.8 million in full-year revenue, a 158% year-over-year increase, it still fell short of the $320 million analyst consensus, reflecting market caution regarding HIVE's future growth, particularly in the context of heightened Bitcoin market volatility.
- AI Factory Strategy: CEO Aydin Kilic outlined plans for a 320-megawatt AI Gigafactory in the Greater Toronto Area, aiming to boost current HPC annual recurring revenue from $35 million to $660 million by 2028, highlighting the company's long-term growth potential in the AI sector.
- Improved Market Sentiment: Although HIVE's stock fell 3% in early trading, retail sentiment on Stocktwits improved from 'bullish' to 'extremely bullish', indicating increased investor confidence in the company's future, especially as it expands strategic partnerships.
See More
HIVE Digital's Q4 Bitcoin Mining Revenue Misses Estimates
- Revenue Decline: HIVE Digital's Q4 bitcoin mining revenue reached $67.2 million, down 23.9% from the previous quarter and significantly below the analyst estimate of $74.31 million, indicating weak market demand.
- Bitcoin Price Impact: The average bitcoin price fell to $76,476, a 27% drop from approximately $98,000 in Q3, directly contributing to the revenue decline and reflecting pricing pressures in the industry.
- Overall Financial Performance: Total revenue stood at $71.8 million, missing the analyst consensus of $80.73 million, with adjusted EBITDA showing a loss of $9 million, highlighting a significant drop in profitability.
- Future Outlook: Despite challenges, Executive Chairman Frank Holmes stated that HIVE remains focused on the powerful technology trends of bitcoin and AI, aiming for disciplined, high-ROIC growth powered by 100% green energy.
See More
HIVE Digital Technologies Transitions to AI Infrastructure
- Earnings Report: HIVE Digital Technologies released its Q4 results, and while specific financial figures were not disclosed, the company demonstrated positive growth potential during its transition, indicating that its strategic focus on high-performance computing and robotics is taking shape.
- Stock Surge: The stock price of HIVE Digital Technologies surged due to its subsidiary's plans to establish a high-capacity data center in Ontario, reflecting market optimism regarding the company's future growth prospects, particularly in the context of increasing demand for AI infrastructure.
- Strategic Shift: The company is pivoting from Bitcoin mining to high-performance computing and robotics, aiming to capture long-term growth opportunities in AI and automation, which not only diversifies its revenue streams but also enhances its competitive position in the market.
- Market Outlook: With the rapid development of AI and robotics technologies, HIVE Digital Technologies' strategic adjustments will position it favorably in the future tech market, likely attracting more investor interest in its long-term growth potential.
See More
HIVE Digital Technologies Reports Q4 Revenue Growth of 130.5% Year-over-Year
- Revenue Performance: HIVE Digital Technologies reported Q4 revenue of $71.82 million, reflecting a 130.5% year-over-year increase, although it fell short of expectations by $7.63 million, indicating market demand volatility.
- Bitcoin Mining Revenue: The company generated $67.2 million in Bitcoin mining revenue, down 23.9% sequentially, primarily due to a 27% decline in average Bitcoin price, which directly impacted profitability.
- Bitcoin Production: HIVE mined 876 Bitcoins in Q4 2026, maintaining production levels consistent with the previous quarter, demonstrating the company's ability to sustain output in the current market environment.
- Strategic Transition: HIVE is pivoting from Bitcoin mining to high-performance computing and robotics for long-term growth, showcasing the company's keen insight and adaptability to future market trends.
See More
HIVE Digital Technologies COO Sells 215,000 Shares
- Executive Share Sale: HIVE Digital Technologies COO Luke Rossy sold 215,000 common shares on June 8, 2026, for approximately $854,000, reducing his direct ownership from 100% to zero, which may indicate a potential lack of confidence in the company's future.
- Transaction Context: This sale marks Rossy's final disposition of shares since April 2026, reflecting a complete liquidation of his direct holdings, which could influence investor perceptions regarding corporate governance and executive confidence.
- Financial Performance: HIVE reported a fiscal 2026 revenue of $297.8 million, up 158% year-over-year, while high-performance computing (HPC) revenue reached a record $19.5 million, showcasing the company's robust growth potential in digital currency and AI infrastructure.
- Future Strategic Outlook: HIVE aims to increase its HPC annual recurring revenue to $660 million by fiscal 2028, indicating a proactive shift towards becoming an AI infrastructure provider, although the executive's share sale may raise questions about the long-term viability of this strategy.
See More
HIVE Executive Sells 215,000 Shares in Market Transaction
- Executive Stock Sale: Luke Rossy, COO of HIVE Digital Technologies Ltd., sold 215,000 common shares on June 8, 2026, for approximately $854,000, indicating a complete divestment of his direct holdings and potentially raising concerns about executive confidence in the company's future.
- Transaction Details: The average sale price was $3.97 per share, with a post-transaction market close at $3.96, suggesting Rossy sold at a high point, which may reflect apprehension regarding short-term market fluctuations.
- Company Financial Performance: HIVE's fiscal 2026 revenue surged 158% to $297.8 million, while BUZZ high-performance computing (HPC) revenue climbed 94% to a record $19.5 million, showcasing the company's robust growth potential amid its transformation into AI infrastructure.
- Future Strategic Goals: Management aims to increase contracted HPC annual recurring revenue to $660 million by fiscal 2028, indicating HIVE's active shift towards becoming an AI infrastructure provider, even as the market still primarily views it as a bitcoin miner.
See More
HIVE Digital Technologies Reports Missed Earnings Expectations
- Earnings Miss: HIVE Digital Technologies reported fourth-quarter revenue of $71.8 million, missing analyst expectations of $79.5 million by approximately 9.1%, while adjusted EBITDA turned negative at $9.0 million, indicating significant pressure on profitability amid a 27% sequential drop in Bitcoin prices.
- Annual Revenue Growth: Despite achieving $297.8 million in full-year revenue, a 158% year-over-year increase, it still fell short of the $320 million analyst consensus, reflecting market caution regarding HIVE's future growth, particularly in the context of heightened Bitcoin market volatility.
- AI Factory Strategy: CEO Aydin Kilic outlined plans for a 320-megawatt AI Gigafactory in the Greater Toronto Area, aiming to boost current HPC annual recurring revenue from $35 million to $660 million by 2028, highlighting the company's long-term growth potential in the AI sector.
- Improved Market Sentiment: Although HIVE's stock fell 3% in early trading, retail sentiment on Stocktwits improved from 'bullish' to 'extremely bullish', indicating increased investor confidence in the company's future, especially as it expands strategic partnerships.
See More
HIVE Digital's Q4 Bitcoin Mining Revenue Misses Estimates
- Revenue Decline: HIVE Digital's Q4 bitcoin mining revenue reached $67.2 million, down 23.9% from the previous quarter and significantly below the analyst estimate of $74.31 million, indicating weak market demand.
- Bitcoin Price Impact: The average bitcoin price fell to $76,476, a 27% drop from approximately $98,000 in Q3, directly contributing to the revenue decline and reflecting pricing pressures in the industry.
- Overall Financial Performance: Total revenue stood at $71.8 million, missing the analyst consensus of $80.73 million, with adjusted EBITDA showing a loss of $9 million, highlighting a significant drop in profitability.
- Future Outlook: Despite challenges, Executive Chairman Frank Holmes stated that HIVE remains focused on the powerful technology trends of bitcoin and AI, aiming for disciplined, high-ROIC growth powered by 100% green energy.
See More
HIVE Digital Technologies Transitions to AI Infrastructure
- Earnings Report: HIVE Digital Technologies released its Q4 results, and while specific financial figures were not disclosed, the company demonstrated positive growth potential during its transition, indicating that its strategic focus on high-performance computing and robotics is taking shape.
- Stock Surge: The stock price of HIVE Digital Technologies surged due to its subsidiary's plans to establish a high-capacity data center in Ontario, reflecting market optimism regarding the company's future growth prospects, particularly in the context of increasing demand for AI infrastructure.
- Strategic Shift: The company is pivoting from Bitcoin mining to high-performance computing and robotics, aiming to capture long-term growth opportunities in AI and automation, which not only diversifies its revenue streams but also enhances its competitive position in the market.
- Market Outlook: With the rapid development of AI and robotics technologies, HIVE Digital Technologies' strategic adjustments will position it favorably in the future tech market, likely attracting more investor interest in its long-term growth potential.
See More
HIVE Digital Technologies Reports Q4 Revenue Growth of 130.5% Year-over-Year
- Revenue Performance: HIVE Digital Technologies reported Q4 revenue of $71.82 million, reflecting a 130.5% year-over-year increase, although it fell short of expectations by $7.63 million, indicating market demand volatility.
- Bitcoin Mining Revenue: The company generated $67.2 million in Bitcoin mining revenue, down 23.9% sequentially, primarily due to a 27% decline in average Bitcoin price, which directly impacted profitability.
- Bitcoin Production: HIVE mined 876 Bitcoins in Q4 2026, maintaining production levels consistent with the previous quarter, demonstrating the company's ability to sustain output in the current market environment.
- Strategic Transition: HIVE is pivoting from Bitcoin mining to high-performance computing and robotics for long-term growth, showcasing the company's keen insight and adaptability to future market trends.
See More
