How did HIVE Digital Technologies’ mining results look in the second fiscal quarter ended September 30, when more bitcoin was produced but mining revenue and the company result both weakened?
On November 10, 2026, Foresight News reported, citing The Block, that HIVE had released those results.
Company and mining results
Revenue was $84.9 million, down 2.7% from a year earlier. The net loss widened to $78.7 million from $15.8 million in the year-ago period.
Output and mining revenue moved in opposite directions. HIVE mined 1,070 BTC, up 49% year over year, while mining revenue fell to $76 million from $82.1 million. In the financial report, HIVE attributed the revenue decline mainly to a lower average bitcoin price. It also recorded a $31.2 million impairment on mining machines for the quarter. That charge is reported separately from the mining-revenue comparison.
BUZZ high-performance computing
Over the same period, revenue at HIVE’s BUZZ high-performance computing business rose 70.7% year over year to $8.8 million. GPU cloud capacity already online corresponded to about $40 million of annualized revenue. Including contracted capacity that was not yet online, that figure was about $185 million. Those two amounts are annualized indications, not revenue recognized in the quarter; the reported BUZZ revenue for the period is $8.8 million.
Original article: Foresight News, published November 10, 2026.
