HIVE Digital Technologies mined more Bitcoin in its second fiscal quarter, but earned less from mining. In results for the quarter ended September 30, reported by Foresight News on November 10, 2026, the company said it mined 1,070 BTC, up 49% year over year. Mining revenue nevertheless fell to $76 million from $82.1 million a year earlier.
HIVE attributed the revenue decline mainly to a lower average Bitcoin price. Total revenue fell 2.7% year over year to $84.9 million, while the net loss widened to $78.7 million from $15.8 million. The company also recorded a $31.2 million impairment charge on mining machines during the quarter. That charge is distinct from a reported electricity or other running cost; the source does not provide those costs.
Outside mining, revenue from HIVE’s BUZZ high-performance computing business rose 70.7% year over year to $8.8 million. HIVE said its GPU cloud services already online represented approximately $40 million in annualized revenue. Including contracted capacity that was not yet online, the figure was approximately $185 million. Those annualized figures are not revenue recorded for the quarter.
Original report: Foresight News, citing The Block; published November 10, 2026.
