Canada’s HIVE Digital Technologies (NASDAQ: $HIVE) has reported a 158% surge in its revenue as it pivots from Bitcoin (CRYPTO: $BTC) miner to artificial intelligence (A.I.) data centre operator.
The company has reported total revenue of $297.8 million U.S. for its fiscal year ended March 31, up 158% from the year earlier period.
Revenue from HIVE’s digital currency soared 164% year-over-year to $278.3 million U.S., driven by a four-fold increase in its installed operational hashrate.
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HIVE said that it mined 2,885 Bitcoin during the fiscal year, up 104% from 2025, despite an approximate 42% increase in network difficulty.
The company’s high-performance computing hosting service business generated the remaining $19.5 million U.S. in revenue for the fiscal year, a record for the company and up 94% from $10 million U.S. in 2025.
HIVE remains unprofitable and the firm reported a net loss of $148.4 million U.S. for the just completed fiscal year, mostly due to unrealized losses on its investments.
Management at HIVE said that their Bitcoin holdings continue to decline as the company focuses more on A.I. data centres and high-performance computing.
HIVE reduced its Bitcoin holdings by 331 BTC during the most recent quarter. The company’s total holdings now stand at 150 Bitcoin, down from 481 BTC at the end of 2025.
HIVE reported $10.8 million U.S. in total digital asset holdings as of March 31, including the 150 BTC currently on its balance sheet.
HIVE stock has risen 167% this year to trade at $4.72 U.S. per share.