How did HIVE Digital Technologies’ own mining result change when bitcoin output rose but the bitcoin price it reported fell? A November 10, 2026 news item from Odaily, citing The Block, covers the company’s fiscal second quarter ended September 30. The figures below are HIVE’s reported company results, not network hashrate, difficulty, or another miner’s outcome.
Reported quarter
Revenue was $84.9 million, down 2.7% from a year earlier. Net loss was $78.7 million, compared with a $15.8 million loss in the year-ago quarter.
HIVE received 1,070 BTC in mining rewards, up 49% year over year. Mining revenue still fell, from $82.1 million to $76.0 million. The report attributes that decline to a lower average bitcoin price: $71,003 in the quarter, versus $114,382 in the same quarter a year earlier.
The company also recorded a $31.2 million impairment on mining equipment and reported adjusted EBITDA of $24.8 million. The impairment is a write-down of mining hardware, not a stated power bill or other running cost. The source does not itemize electricity or other operating costs, and it does not give a full bridge from adjusted EBITDA to the net loss.
HPC: recognized revenue, contracted ARR, and later targets
HIVE’s BUZZ high-performance computing business recorded $8.8 million of revenue in the quarter, up 70.7% year over year. That is recognized quarterly revenue, separate from the annual run-rate figures below.
For the GPU cloud business, HIVE reported actual operating ARR of about $40 million and signed ARR of about $185 million. The signed figure includes computing capacity not yet in operation. Neither ARR number is cash collected in the quarter.
Two later figures are company statements, not results for the quarter ended September 30. HIVE expected GPU cloud ARR to reach $200 million in the fourth quarter of 2026, and it planned for total HPC ARR of $700 million by the end of 2028.
Cash and digital assets
As of the end of September, HIVE held $139 million in cash and cash equivalents and $22.6 million in digital assets.
Original report: Odaily, November 10, 2026, 20:06 (UTC+8), citing The Block.
