HIVE Digital Applied sciences lowered its Bitcoin holdings to 150 BTC through the first fiscal quarter of 2026, a drop of 331 BTC from the 481 BTC recorded on the shut of the earlier quarter. The corporate didn’t explicitly affirm the sale of the belongings, though the discount represents roughly $23 million on the present worth. Bitcoin has amassed a decline of round 21% thus far this yr.
Regardless of the lower in its reserves, HIVE reported annual revenues of $297.8 million, a rise of 158% in comparison with $115.3 million the prior yr. Cryptocurrency mining contributed $278.3 million, whereas its high-performance computing division added roughly $19.5 million, practically double the determine from the earlier report. In the course of the fiscal yr, the corporate mined a complete of 2,885 BTC.
Income progress was achieved below intense strain. Depreciation bills practically tripled year-over-year, reaching $170.4 million. On the identical time, the corporate superior its synthetic intelligence undertaking, the place contracted recurring revenues in its HPC division reached $35 million yearly, and a 320-megawatt knowledge middle undertaking within the larger Toronto space was developed, with capability to host greater than 100,000 GPUs.
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