HIVE Digital CEO Says Company Worked On Scaling Bitcoin Mining Business In 2025—Here's What It Wants To Focus On This Year

Benzinga_recent_news02-18

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) CEO Aydin Kilic said Tuesday that the company will prioritize expanding its high-performance computing (HPC) business in 2026. “This year, 2026, our focus ...

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Earlier this month, the company signed customer agreements worth approximately $30 million in contract value for its AI cloud strategy.\nHIVE posted a record $93.1 million revenue for the third quarter, up 219% year-over-year and 7% from the previous quarter. The topline, however, fell short of analyst expectations of $96.97 million. \nThe company reported a loss of $0.38 per share, compared to earnings per share of $0.01 in the same quarter last year. It produced 884 BTC during the quarter, representing a 23% quarter over quarter increase.\nPrice Action: At the time of writing, BTC was exchanging hands at $67,682.75, down 1.04% in the last 24 hours, according to data from Benzinga Pro.\nHIVE shares fell 0.01% in after-hours trading after closing 4.07% lower at $2.120 during Tuesday's regular trading session. Year-to-date, the stock has tumbled 17.51%\nAccording to Benzinga’s Edge Stock Rankings, the stock shows a weak price trend across short-, medium-, and long-term horizons.\nPhoto courtesy: Shutterstock\nTo add Benzinga News as your preferred source on Google, click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","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/2612414540","isCrawlerRequest":true}