Overview
- Hive reported Q2 FY2026 revenue of $87.3 million, up 285% year over year and 91% from the prior quarter.
- Bitcoin mining generated $82.1 million as the company mined 717 BTC on an average 16.2 EH/s, with operations recently reaching 25 EH/s.
- Buzz HPC delivered $5.2 million in revenue and announced a Dell partnership to deploy 504 liquid‑cooled GPUs at the Bell AI Fabric data center.
- Management projects roughly $140 million in annualized HPC revenue by Q4 2026 with a targeted fleet exceeding 6,000 new GPUs by 2026.
- Adjusted EBITDA was $31.5 million, while a GAAP net loss of $15.8 million reflected accelerated depreciation tied to Paraguay builds; shares closed Monday up about 7.5% to $3.56 as the company completed a 300 MW Paraguay expansion and lifted its hydro footprint to 540 MW with a path to 400 MW in Paraguay.