# HIVE Digital delivers record revenue growth as Bitcoin and AI businesses scale

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Text version: https://stenobird.com/podcast/proactive-interviews-for-investors-1457173/hive-digital-delivers-record-revenue-growth-as-bitcoin-and-ai-businesses-scale.md
Podcast: [Proactive - Interviews for investors](https://stenobird.com/podcast/proactive-interviews-for-investors-1457173)
Published: 2026-06-03T18:09:18+00:00
Episode link: https://proactive-interviews-for-investors.simplecast.com/episodes/20260603-hive-digital-technologies-ltd-oIC2TcHg
Audio file: https://cdn.simplecast.com/media/audio/transcoded/1068c7db-2e26-4675-9674-33cc0c49ccdc/b96906c8-b386-47e4-a142-589b24379f8e/episodes/audio/group/4aacecb9-d9d2-4ceb-862b-83fd08e91c5f/group-item/fe7efc99-9215-4901-aa53-4c5e15f73bba/128_default_tc.mp3?aid=rss_feed&feed=xjpdm5C9
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Duration seconds: 333

## Resource

Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive to discuss the company’s financial results for the fiscal year ended March 31, 2026, highlighting record revenue growth, expanding profitability metrics, and continued progress across both its Bitcoin mining and high-performance computing (HPC) infrastructure businesses. HIVE reported total revenue of $297.8 million during fiscal 2026, generated from a combination of digital currency mining operations and high-performance computing hosting services. The strong performance reflects the company’s strategy of leveraging its expertise in large-scale computing infrastructure to capitalize on opportunities in both blockchain technology and artificial intelligence. A major contributor to growth was the company’s Bitcoin mining business, where digital currency revenue increased 164% year-over-year. The improvement was driven by a substantial expansion of HIVE’s mining capacity, with installed operational hashrate increasing approximately four-fold compared to the prior year, alongside a significantly higher average Bitcoin price environment. During fiscal 2026, HIVE mined 2,885 Bitcoin, representing a 104% increase from the 1,414 Bitcoin mined in fiscal 2025. Notably, the company achieved this growth despite a significant increase in network difficulty, which rose approximately 42% year-over-year from an average of 95.7 trillion to 135.8 trillion. Management highlighted that the company’s production growth substantially outpaced the increase in mining difficulty, demonstrating the effectiveness of its infrastructure expansion strategy. Beyond cryptocurrency mining, HIVE’s BUZZ HPC division delivered record performance as demand for AI-focused computing infrastructure continued…

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