Overview
- HIVE mined 1,070 BTC and sold about 991 BTC in the quarter ended Sept. 30, 2026, leaving a Bitcoin treasury of 269 BTC on its balance sheet.
- The company reported $84.9 million in revenue and $24.8 million in adjusted EBITDA, an 85% sequential rise, while posting a $78.7 million GAAP loss driven mainly by $54.9 million of depreciation and a $31.2 million impairment on mining equipment.
- HIVE’s high‑performance computing and AI hosting revenue grew roughly 71% to $8.8 million and the company reports about a $40 million annualized GPU run rate plus $185 million of contracted revenue.
- About $70 million of cash proceeds from digital‑asset sales helped HIVE finish the quarter with $139 million in cash and roughly $22.4–$22.6 million in digital assets, illustrating how miners convert newly mined coins to fund expansion and debt needs.
- Other major U.S. miners are following the same model: Riot sold about 10,599 BTC in Q3 and CleanSpark moved or sold 2,102 BTC, moves that fund data‑center buildouts, repay loans, and shift the industry toward GPU‑led hosting businesses.