HIVE Digital Smashes Records: $45.6M Q1 2026 Revenue Surge as Hashrate Soars

HIVE Digital just mined its way into the history books—posting a jaw-dropping $45.6M haul in Q1 2026. The kicker? Their hashrate didn’t just climb; it mooned.

The Hashrate Gold Rush

While legacy finance scrambles to understand proof-of-work, HIVE’s rigs are humming at record capacity. No fancy derivatives, no synthetic exposure—just raw computational muscle turning watts into wealth.

Wall Street’s FOMO Moment

That revenue figure isn’t just a number—it’s a middle finger to every suit who called mining ‘unprofitable’ during the last bear market. Funny how rigs keep printing while hedge funds recycle ‘crypto winter’ narratives.

The Bottom Line

HIVEs Q1 proves mining’s not dead—it’s outearning half the S&P 500. But watch the bears move goalposts now that ‘unprofitable’ isn’t in the vocabulary. (Cue the ‘but energy costs!’ think pieces.)

HIVE management reported that the company hit 15 EH/s in July, now generating around 7.5 BTC per day, and should ramp up to 25 EH/s by Thanksgiving. The company also furthered its AI cloud business through the proposed acquisition of a 7.2 MW Tier 3 Toronto data center and the deployment of a new Nvidia Hopper GPU cluster in Quebec.

HIVE closed the quarter with $71.9 million in cash and cryptocurrencies, setting it up for additional growth with financial flexibility.

Also Read: Block Launches Proto Rig and Proto Fleet for Efficient Bitcoin Mining