Overview
- For the quarter ended Sept. 30, 2026, HIVE mined 1,070 BTC and sold 991 BTC, leaving a treasury of 269 BTC and demonstrating heavy reserve monetization to fund operations.
- The company reported $84.9 million in revenue with $76.0 million from mining and $8.8 million from BUZZ high-performance computing, which grew about 71% year over year.
- HIVE closed the quarter with $139 million in cash and raised roughly $70 million from digital-asset sales, while reporting a realized gain of about $1.8 million on those sales.
- GAAP results showed a roughly $78.7 million net loss driven mainly by $54.9 million of depreciation and a $31.2 million impairment on mining equipment, while adjusted EBITDA improved to $24.8 million.
- Management says BUZZ HPC carries roughly $185 million of contracted revenue, a roughly $40 million annualized run-rate, and plans up to $493 million of investment plus GPU financing to scale deployments.