HIVE Digital Q3 revenue jumps 219%

Reuters02-17

HIVE Digital Q3 revenue jumps 219%

Overview

Sustainable data center firm reported Q3 revenue up 219% yr/yr to $93.1 mln
Adjusted EBITDA for Q3 was $5.7 mln, reflecting operational growth
Company completed Paraguay buildout, achieving 25 EH/s hashrate

Outlook

HIVE targets $140 mln ARR for GPU AI Cloud by Q4 2026
Company aims for $225 mln ARR for total HPC revenue by end of calendar 2026 or early 2027
HIVE expects to operate 540 MW energy footprint by year-end

Result Drivers

BITCOIN HASHRATE EXPANSION - HIVE's revenue growth was driven by the rapid scale-out of its Bitcoin hashrate fleet to 25 EH/s by the end of Q3 FY2026

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue		$93.1 mln
Q3 Adjusted EBITDA		$5.7 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for HIVE Digital Technologies Ltd is $7.50, about 239.4% above its February 13 closing price of $2.21
The stock recently traded at 193 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nNFC1RZ7lH

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2612405432?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-02-17 14:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2612405432","market":"nz","top_or_hot":-1,"title":"HIVE Digital Q3 revenue jumps 219%","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>HIVE Digital Q3 revenue jumps 219%</title></head><body><p><span>Overview</span></p><ul><li><p>Sustainable data center firm reported Q3 revenue up 219% yr/yr to $93.1 mln</p></li><li><p>Adjusted EBITDA for Q3 was $5.7 mln, reflecting operational growth</p></li><li><p>Company completed Paraguay buildout, achieving 25 EH/s hashrate</p></li></ul><p><span>Outlook</span></p><ul><li><p>HIVE targets $140 mln ARR for GPU AI Cloud by Q4 2026</p></li><li><p>Company aims for $225 mln ARR for total HPC revenue by end of calendar 2026 or early 2027</p></li><li><p>HIVE expects to operate 540 MW energy footprint by year-end</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>BITCOIN HASHRATE EXPANSION - HIVE's revenue growth was driven by the rapid scale-out of its Bitcoin hashrate fleet to 25 EH/s by the end of Q3 FY2026</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Revenue</p></td><td></td><td><p>$93.1 mln</p></td><td></td></tr><tr><td><p>Q3 Adjusted EBITDA</p></td><td></td><td><p>$5.7 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 6 \"strong buy\" or \"buy\", 1 \"hold\" and no \"sell\" or \"strong sell\"</p></li><li><p>Wall Street's median 12-month price target for <a href=\"https://laohu8.com/S/HIVE\">HIVE Digital Technologies Ltd</a> is $7.50, about 239.4% above its February 13 closing price of $2.21</p></li><li><p>The stock recently traded at 193 times the next 12-month earnings vs. a P/E of 15 three months ago</p></li></ul><p>Press Release: <span>ID:nNFC1RZ7lH</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>HIVE Digital Q3 revenue jumps 219%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHIVE Digital Q3 revenue jumps 219%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-02-17 14:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>HIVE Digital Q3 revenue jumps 219%</title></head><body><p><span>Overview</span></p><ul><li><p>Sustainable data center firm reported Q3 revenue up 219% yr/yr to $93.1 mln</p></li><li><p>Adjusted EBITDA for Q3 was $5.7 mln, reflecting operational growth</p></li><li><p>Company completed Paraguay buildout, achieving 25 EH/s hashrate</p></li></ul><p><span>Outlook</span></p><ul><li><p>HIVE targets $140 mln ARR for GPU AI Cloud by Q4 2026</p></li><li><p>Company aims for $225 mln ARR for total HPC revenue by end of calendar 2026 or early 2027</p></li><li><p>HIVE expects to operate 540 MW energy footprint by year-end</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>BITCOIN HASHRATE EXPANSION - HIVE's revenue growth was driven by the rapid scale-out of its Bitcoin hashrate fleet to 25 EH/s by the end of Q3 FY2026</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Revenue</p></td><td></td><td><p>$93.1 mln</p></td><td></td></tr><tr><td><p>Q3 Adjusted EBITDA</p></td><td></td><td><p>$5.7 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 6 \"strong buy\" or \"buy\", 1 \"hold\" and no \"sell\" or \"strong sell\"</p></li><li><p>Wall Street's median 12-month price target for <a href=\"https://laohu8.com/S/HIVE\">HIVE Digital Technologies Ltd</a> is $7.50, about 239.4% above its February 13 closing price of $2.21</p></li><li><p>The stock recently traded at 193 times the next 12-month earnings vs. a P/E of 15 three months ago</p></li></ul><p>Press Release: <span>ID:nNFC1RZ7lH</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4023","symbol_name":"应用软件","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260217:nL1N3ZD04X:1","article_id":"2612405432","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612405432","pubTimestamp":1771310463,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"HIVE Digital Q3 revenue jumps 219%OverviewSustainable data center firm reported Q3 revenue up 219% yr/yr to $93.1 mlnAdjusted EBITDA for Q3 was $5.7 mln, reflecting operational growthCompany completed","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4023":"应用软件","HIVE":"HIVE Digital Technologies Ltd","BK4600":"加密货币概念","BK4595":"比特币概念"},"translate_title":"HIVE Digital第三季度收入增长219%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HIVE":0.9},"content_text":"HIVE Digital Q3 revenue jumps 219%OverviewSustainable data center firm reported Q3 revenue up 219% yr/yr to $93.1 mlnAdjusted EBITDA for Q3 was $5.7 mln, reflecting operational growthCompany completed Paraguay buildout, achieving 25 EH/s hashrateOutlookHIVE targets $140 mln ARR for GPU AI Cloud by Q4 2026Company aims for $225 mln ARR for total HPC revenue by end of calendar 2026 or early 2027HIVE expects to operate 540 MW energy footprint by year-endResult DriversBITCOIN HASHRATE EXPANSION - HIVE's revenue growth was driven by the rapid scale-out of its Bitcoin hashrate fleet to 25 EH/s by the end of Q3 FY2026Key DetailsMetricBeat/MissActualConsensus EstimateQ3 Revenue$93.1 mlnQ3 Adjusted EBITDA$5.7 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 6 \"strong buy\" or \"buy\", 1 \"hold\" and no \"sell\" or \"strong sell\"Wall Street's median 12-month price target for HIVE Digital Technologies Ltd is $7.50, about 239.4% above its February 13 closing price of $2.21The stock recently traded at 193 times the next 12-month earnings vs. a P/E of 15 three months agoPress Release: ID:nNFC1RZ7lHFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2612405432","isCrawlerRequest":true}