Hive Digital has turn into an information heart infrastructure supplier that has turn into a bitcoin miner, reporting document income and income for the primary quarter.
Within the first quarter of 2026, Hive generated $45.6 million in complete income. Digital Forex Mining donated $44.8 million, up 44.9% from the final quarter. The rising worth of Bitcoin has additional supported the corporate’s efficiency.
Income from the HPC division, which operates beneath the Buzz HPC model, rose 59.8% to a document $4.8 million.
On an adjusted foundation, income totaled $44.6 million.
Mining stays Hive’s main income driver, however the firm is more and more using superior AI chips to develop its HPC enterprise. Executives Frank Holmes and Aydin Killick instructed Cointelegraph that the HPC phase is aiming to achieve an annual occupancy fee of $100 million by subsequent yr.
The corporate’s inventory fell barely in its earnings report, with Hive lastly seeing a deal of round $2.20.
Hivestock has been down 23% for the reason that begin of the yr. sauce: Yahoo Finance
Hive is not the one Bitcoin miners that profit from the Crypto Bull Market. Final week, CleanSpark reported document income and earnings boosted by a surge in BTC costs.
Equally, final month, Mara Holdings recorded a pointy enhance in revenues as a result of larger Bitcoin valuations and enlargement of its mining enterprise.
Associated: Bitcoin miners and AI firms compete for affordable sustainable power
AI pivots within the Bitcoin mining trade proceed
The Hive was one of many first Bitcoin miners to reuse among the HPC and AI infrastructure. It is a pattern that’s solely accelerating throughout the trade.
Earlier this week, Terawulf introduced a $3.7 billion AI internet hosting settlement with Fluidstack, an AI infrastructure supplier with Google Bucking Fluidstack lease obligations. In return, Google obtained 41 million shares as a part of the transaction.
Core Scientific is a notable instance of a Bitcoin miner that has revived its struggling enterprise after the AI pivot filed for Chapter 11 chapter within the final Crypto Bear market. The corporate was later acquired by CoreWeave in a $9 billion deal.
HUT 8 deploys over 1,000 NVIDIA H100 GPUs as a part of its enlargement into cloud-based AI computing. In its newest quarterly income report, the corporate mentioned it’s working to “commerce AI knowledge heart alternatives.”
https://www.youtube.com/watch?v=3_b-7ctsvhy
Associated: Jack Dorsey’s Block targets the 10-year life cycle of Bitcoin mining rigs
