Hive Digital has grow to be a knowledge middle infrastructure supplier that has grow to be a bitcoin miner, reporting file income and income for the primary quarter.
Within the first quarter of 2026, Hive generated $45.6 million in whole 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 underneath the Buzz HPC model, rose 59.8% to a file $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 broaden its HPC enterprise. Executives Frank Holmes and Aydin Killick advised Cointelegraph that the HPC phase is aiming to achieve an annual occupancy price of $100 million by subsequent 12 months.
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 12 months. sauce: Yahoo Finance
Hive isn't the one Bitcoin miners that profit from the Crypto Bull Market. Final week, CleanSpark reported file income and income boosted by a surge in BTC costs.
Equally, final month, Mara Holdings recorded a pointy enhance in revenues resulting from larger Bitcoin valuations and growth of its mining enterprise.
Associated: Bitcoin miners and AI corporations compete for reasonable sustainable vitality
AI pivots within the Bitcoin mining business proceed
The Hive was one of many first Bitcoin miners to reuse a number of the HPC and AI infrastructure. This can be a development that’s solely accelerating throughout the business.
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 growth into cloud-based AI computing. In its newest quarterly income report, the corporate mentioned it’s working to “commerce AI knowledge middle 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
