HIVE Digital Applied sciences delivered distinctive second-quarter outcomes, posting document income of $87.3 million, a 285% surge from the prior 12 months, pushed by aggressive Bitcoin mining enlargement and rising demand for high-performance computing providers.
The Canadian-based miner achieved this milestone regardless of reporting a $15.8 million web loss attributed to accelerated tools depreciation from its speedy Paraguay buildout.
The corporate’s explosive progress resulted from the profitable execution of its dual-engine technique, combining scaled Bitcoin operations with its BUZZ HPC division.
With operational hashrate reaching 25 exahashes per second by November 2025, HIVE now targets annualized Bitcoin mining income of roughly $400 million.
Pushed by the speedy scale-out of our Bitcoin mining fleet (with 25 EH/s operational right now) and accelerating demand for @BUZZHPC providers, this quarter marks the strongest dual-engine progress in HIVE’s historical past.
pic.twitter.com/M9M9c77fxf
— HIVE Digital Applied sciences (@HIVEDigitalTech) November 17, 2025
HIVE’s Bitcoin Manufacturing Soars
HIVE’s Bitcoin mining income greater than doubled to $82.1 million in the course of the quarter ending September 30, representing a 101% sequential enhance fueled by an 86% soar in common hashrate to 16.2 EH/s.
The corporate efficiently mined 717 Bitcoin regardless of going through a 21% quarter-over-quarter enhance in community problem and intensified competitors throughout the trade.
The income surge got here as Bitcoin traded close to elevated ranges in the course of the quarter. Nonetheless, the crypto has since retreated from its October peak of above $126,000, dipping briefly under $90,000 earlier right now.
Bitcoin falls under $90,000, marking the primary time spot ETF buyers face collective losses since they launched.#Bitcoin #ETFshttps://t.co/pGVAZ41La2
— Cryptonews.com (@cryptonews) November 18, 2025
Regardless of this volatility, HIVE maintained gross working margins of 49% after direct prices of $42.1 million, with roughly 88% of these bills representing power prices at competitively priced charges under two cents per kilowatt-hour in Sweden.
Government Chairman Frank Holmes emphasised the importance of the outcomes, stating that regardless of Bitcoin hashprice growing solely about 25% year-over-year, income soared 285% “as a consequence of our aggressive hashrate enlargement and relentless concentrate on effectivity.”
The corporate generated $132.9 million in income in the course of the six months ending September 30 whereas sustaining a debt-free stability sheet.
Fast Infrastructure Growth Positions HIVE for AI Development
HIVE accomplished a 300-megawatt capability buildout in Paraguay inside six months, bringing its international hydro-powered knowledge heart footprint to 540 MW with a pathway towards 400 MW in Paraguay.
The corporate is changing its 70 MW Grand Falls campus in New Brunswick right into a Tier III+ liquid-cooled facility able to supporting roughly 25,000 next-generation GPUs, whereas comparable retrofits advance at Toronto and Boden amenities.
The BUZZ HPC section posted document income of $5.2 million, up 175% year-over-year, with administration focusing on roughly $140 million in annualized income by This autumn 2026 at roughly 80% gross margins.
President and CEO Aydin Kilic famous the corporate now runs “a Bitcoin mining income run-rate approaching $400 million at a 50% working margin after electrical prices.“
Notably, shares in HIVE Digital climbed 7.55% on Monday following the announcement of its earnings.
Mining Sector Faces Profitability Disaster as Rivals Pivot to AI
HIVE’s strategic positioning comes because the broader mining sector faces extreme strain. In response to TheMinerMag, Bitcoin hashprice plunges to 14-month lows close to $39 per petahash per second amid sustained community competitors above 1 zettahash.
Bitcoin Mining shares have additionally shed greater than $20 billion in market worth since mid-October, erasing good points from their year-end rally as Bitcoin’s seven-day transferring common hashrate hovers close to 1.1 ZH/s regardless of profitability approaching ranges that problem even the latest fleets.
The deteriorating economics has triggered a wave of strategic pivots throughout the trade. Bitfarms introduced not too long ago that it’s going to utterly wind down its Bitcoin mining operations in 2026 and 2027, following a $46 million Q3 loss, making it the primary main public miner to desert crypto mining totally for AI infrastructure.
Different miners have equally embraced AI diversification whereas sustaining Bitcoin operations. TeraWulf posted an 87% income surge to $50.6 million in Q3, offsetting decrease Bitcoin manufacturing of 377 BTC with greater common costs and rising HPC lease earnings.
The corporate secured multibillion-dollar offers with Fluidstack and Google for AI infrastructure internet hosting at its Lake Mariner website, whereas IREN signed a $9.7 billion settlement with Microsoft for GPU-based AI providers.
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