HIVE Digital Technologies Posts Record Revenue Amid Bitcoin Sales

HIVE Digital Technologies, a publicly listed cryptocurrency miner, has announced impressive financial results for the fiscal fourth quarter. Despite selling a significant portion of its Bitcoin holdings, the company reported a record revenue of $297.8 million, representing a 158% increase from the previous year.

The company's decision to monetize its Bitcoin holdings was a strategic one, aimed at funding operating costs and capital investments in infrastructure expansion. HIVE mined 2,885 BTC during fiscal 2026, more than double the 1,414 mined in the prior year, benefiting from an average Bitcoin price of $98,040.

The company's CFO, Darcy Daubaras, explained that investing in infrastructure expansion generated a superior risk-adjusted return for shareholders. The result was a doubling of annual return on invested capital to 13.3%, which management says compares favorably with publicly listed peers.