Hive Reports Record Q3 Revenue of $93.1 Million Despite $91 Million Net Loss

Bitcoin miner Hive Digital Technologies posted record revenue of $93.1 million for its fiscal third quarter ending December 31, 2025, marking a 219% increase year-over-year and a 7% rise from the previous quarter. The growth was driven by expansion across Hive’s Bitcoin hashrate fleet and its BUZZ HPC platforms. Executive Chairman Frank Holmes highlighted that the company scaled its renewable-powered Tier-I hashrate platform to 25 EH/s and accelerated its AI strategy.

Net Loss Driven by Accelerated Depreciation

Despite strong revenue growth, Hive reported a net loss of $91.3 million, attributed to accelerated depreciation on its Paraguay expansion and non cash revaluation adjustments. The company chose to depreciate its next generation ASIC fleet over a two-year cycle instead of the standard four years, impacting reported earnings. Adjusted EBITDA for the quarter came in at $5.7 million.

AI and Equity Plans Support Future Growth

Hive emphasized its strategy to leverage high-performance compute infrastructure and AI cloud services to generate additional revenue streams. The company also launched a new at the market equity program, allowing up to $300 million in share sales over time, raising $15.8 million in the quarter.

Despite the net loss, Hive’s record revenue and expanded hashrate signal continued growth in Bitcoin mining operations, positioning the company to capitalize on AI driven opportunities and renewable powered computing infrastructure in the coming quarters.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.