HIVE Digital Technologies Ltd. announced production results for the fourth quarter and full year ended March 31, 2026. In the fourth quarter of 2026, 876 Bitcoin mined, broadly in line with the prior quarter as record operational hashrate from the completion of Paraguay Phase 3 offset continued increases in global network difficulty.
During the fiscal year 2026, 2,885 Bitcoin mined, up 104% from 1,414 Bitcoin in Fiscal year 2025, materially outpacing the approximately 42% increase in average network difficulty (from 95.7T in Fiscal year 2025 to 135.8T in Fiscal year 2026). As of March 31, 2026, HIVE's total installed hashrate was 25.1 EH/s, or approximately 24.5 EH/s after accounting for controlled downclocking for fleet optimization.
HIVE Digital Technologies Ltd. (HIVE) builds and operates Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. The Company’s primary business is operating data centers, the computing power of which is used for high performance computing (HPC) and generating hashrate which is sold to mining pools and then used for the mining of cryptocurrencies. The mining pools acquire the hashrate from HIVE based on a Full Pay-Per-Share (FPPS) payout model. Its twin-turbo engine infrastructure-driven by hashrate services and graphic processing units (GPUs)-accelerated artificial intelligence (AI) computing. The mining pools acquire the hashrate from HIVE based on an FPPS payout model. The Company sells computational power to various third-party aggregators, including mining pools, enterprises supported by AI, and other miscellaneous data center applications.
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