HIVE Digital Technologies produced 1,070 Bitcoin in the three months ended September 30, 2026, up 49% from a year earlier, but its mining revenue fell 7.4% to $76 million. Its filing reported that the average Bitcoin price fell to $71,003 from $114,382, offsetting the increase in production. Electricity costs rose to $45.6 million from $37.9 million, and HIVE recorded a $31.2 million noncash write-down on mining equipment.
Total quarterly revenue fell 2.7% to $84.9 million, while its GAAP net loss was $78.7 million. HPC hosting revenue rose 71% to $8.8 million. HIVE said it anticipates spending up to $493 million over 36 months to expand that business; it had spent $145.3 million as of the filing.
