HIVE FY2026 Revenue Surges 158% to $298M, AI GPU Yields 24x Mining

HIVE reports 158% YoY revenue growth to $298M for FY2026. AI GPU hourly revenue is ~24x that of Bitcoin mining hardware, with BUZZ HPC up 94%.

Woofun AI reports that HIVE generated $298 million in total revenue for fiscal year 2026, representing a 158% year-over-year increase. The company’s cluster of 504 NVIDIA B200 GPUs at Bell Canada's Manitoba AI fabric produces approximately $2.90 per GPU per hour, whereas Bitcoin mining equipment yields roughly $0.12 per hour. Digital currency revenue from Bitcoin mining rose 164%, supported by an average hash rate of 22.2 EH/s, which accounts for about 3% of the Bitcoin network's total capacity and resulted in the mining of 2,885 BTC.

The BUZZ HPC division, covering AI and high-performance computing, earned $19.5 million, a 94% increase from the prior year. HIVE secured GPU cloud agreements valued at approximately $220 million with Bell and Cohere, alongside a $75 million note issuance for AI infrastructure expansion. The firm is constructing a 320-megawatt AI data center in the Greater Toronto Area, targeting over 100,000 GPUs, with potential annualized recurring revenue of $360 million upon full operation in the second half of 2027.