HIVE Digital Technologies produced 1,070 Bitcoin in the quarter ended September 30, 2026, up 49% from 718 a year earlier, but mining revenue fell 7.4% to $76 million. The company’s filing showed the average Bitcoin price fell to $71,003 from $114,382 over the same periods. Electricity costs rose to $45.6 million from $37.9 million, and HIVE recorded a $31.2 million noncash write-down of mining equipment, citing “depressed mining economics.”
HIVE’s HPC hosting revenue rose 71% to $8.8 million. The company said it anticipates spending up to $493 million over 36 months to expand that business; it had spent $145.3 million toward the expansion as of the filing. Total quarterly revenue fell 2.7% to $84.9 million, and HIVE reported a $78.7 million GAAP net loss.
