HIVE's fiscal year revenue grew 158% to $298 million, with AI GPUs generating approximately 24 times the hourly revenue of mining rigs.

According to Odaily Planet Daily, HIVE Executive Chairman Frank Holmes stated that the company's 504 NVIDIA B200 GPU cluster at Bell Canada's Manitoba AI fabric generates approximately $2.90 per GPU per hour; in comparison, HIVE's Bitcoin mining rigs generate approximately $0.12 per hour. HIVE's total revenue for fiscal year 2026 reached $298 million, a 158% year-over-year increase; cryptocurrency revenue from Bitcoin mining increased by 164%. The average hashrate during the same period was 22.2 EH/s, a 290% year-over-year increase, representing approximately 3% of the Bitcoin network hashrate, and mining 2885 BTC. HIVE's BUZZ HPC division, which handles AI and high-performance computing, generated $19.5 million in revenue, a 94% increase from $10 million in the previous fiscal year. The company also signed a $220 million GPU cloud agreement with Bell and AI company Cohere and raised $75 million through a bond issuance for AI infrastructure expansion. HIVE is building a 320-megawatt AI data center in the Greater Toronto Area, which will eventually house more than 100,000 GPUs. The company says the facility could generate approximately $360 million in annualized recurring revenue if it goes live in the second half of 2027.