HIVE Digital CEO Says Company Worked On Scaling Bitcoin Mining Business In 2025-Here's What It Wants To Focus On This Year
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.
HPC Revenue Scaling Goal
During HIVE’s third-quarter earnings call, Kilic said the firm focused on scaling Bitcoin (CRYPTO: BTC) mining operations in 2025, hitting 25 exahashes per second in global Bitcoin mining capacity and commissioning a 300 megawatt facility in Paraguay.
“This year, 2026, our focus is on scaling HPC’s annual recurring revenue from $20 million to $225 million,” the top executive said
To achieve this, the company plans to expand its cloud from 5,000 to 11,000 graphics processing units and to grow that revenue from $20 million to $140 million.
HIVE is capitalizing on its established infrastructure to tap into the growing demand for high-performance computing. Earlier this month, the company signed customer agreements worth approximately $30 million in contract value for its AI cloud strategy.
HIVE Reports Quarterly Loss
HIVE 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.
The 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.
Price 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.
HIVE 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%
According to Benzinga’s Edge Stock Rankings, the stock shows a weak price trend across short-, medium-, and long-term horizons.
Photo courtesy: Shutterstock
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SPCX Breaks Channel Support — $300B Unlock Sends Price Toward $108
Gold falls 0.6% despite Asian stock rout, Goldman Sachs cuts target by $500
Goldman Sachs slashes gold target price! Central bank gold purchases fail to offset the Fed's hawkish turn, current situation resembles 2022
Goldman Sachs believes that the Federal Reserve is expected to raise interest rates again in December 2026, which will continue to suppress the "currency depreciation hedge" demand from Western investors. The market is currently repeating the pattern of 2022: although central bank purchases of 60 tons per month can provide support, high interest rates severely constrain Western ETF investors, causing gold prices to move away from a unilateral upward trend and fall into a dilemma of "limited gains and increased volatility." A turning point may occur after the interest rate cuts are implemented in the second half of 2027, when ETF capital and central bank gold purchases resonate, and gold prices are expected to accelerate again.
Crypto prices
More
