Overview
- Fiscal Q2 revenue rose 285% year over year to $87.3 million with gross operating margin near 49% and 717 BTC mined despite higher network difficulty.
- Bitcoin mining capacity averaged 16.2 EH/s in the quarter, reached an operational 25 EH/s in November, and management targets 35 EH/s by Q4 2026.
- BUZZ HPC posted a record $5.2 million in revenue, and a new Dell partnership will deploy 504 liquid-cooled GPUs as Hive builds toward more than 6,000 new GPUs by 2026 and an estimated $140 million annualized HPC run rate.
- The company completed 300 MW of new capacity in Paraguay, reports a 540 MW global hydro-powered footprint, and secured a Yguazú PPA toward 400 MW in the country.
- Shares were reported up about 7.5% to $3.56 by Benzinga and Decrypt, though CoinCentral earlier noted a 9.6% decline, as Rosenblatt reiterated a Buy with a $10 price target.