EPISODE · Feb 17, 2026 · 6 MIN
HIVE Digital posts record Q3 revenue of $93.1M, expands AI and Bitcoin operations
from Proactive - Interviews for investors · host Proactive Investors
Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive to discuss the company’s financial results for the third quarter ended December 31, 2025, highlighting record performance driven by growth across both its Bitcoin and AI infrastructure businesses. HIVE reported record quarterly revenue of $93.1 million, representing 219% year-over-year growth and a 7% increase compared to the previous quarter. Adjusted EBITDA for the quarter reached $5.7 million, while gross operating margin expanded significantly to $32.1 million—more than six times higher than the $5.3 million recorded in the same period last year. Daubaras described the quarter as the strongest “dual-engine” growth period in the company’s history, reflecting rapid expansion in both digital asset mining and high-performance computing. During the quarter, HIVE scaled its Bitcoin hashrate fleet to an installed base of 25 Exahash per second (EH/s) as of December 31, 2025. The company generated 885 Bitcoin in the quarter, representing a 23% increase quarter over quarter. In parallel, demand continues to accelerate for its AI cloud platform operated through subsidiary BUZZ High Performance Computing. In February, HIVE signed a two-year, $30 million contract for 504 Nvidia B200 GPUs, with deployment expected to go live in calendar Q1 2026 at Bell’s Tier-III data center facility. Looking ahead, HIVE expects to operate a 540-megawatt energy footprint by year-end, including 440 megawatts currently operating and an additional 100 megawatts under a contracted power purchase agreement. Management noted that both existing and incremental megawatts will be strategically evaluated to maintain flexibility—allocating capacity toward either expanding Bitcoin exahash production or supporting AI and high-performance computing workloads, depending on which offers the highest value return. The company’s continued investment in scalable infrastructure positions HIVE to capitalize on growing global demand for both blockchain validation services and AI-driven compute capacity. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive #FrankHolmes #BitcoinMining #CryptoMining #HashrateGrowth #DigitalAssets #ASICMiners #ParaguayOperations #FleetEfficiency #CryptoInfrastructure #BlockchainTechnology #MiningUpdate #SustainableMining #CryptoProduction #BitcoinNews
What this episode covers
Hive Digital Technologies Chief Financial Officer Darcy Daubaras joined Steve Darling from Proactive to discuss the company’s financial results for the third quarter ended December 31, 2025, highlighting record performance driven by growth across both its Bitcoin and AI infrastructure businesses. HIVE reported record quarterly revenue of $93.1 million, representing 219% year-over-year growth and a 7% increase compared to the previous quarter. Adjusted EBITDA for the quarter reached $5.7 million, while gross operating margin expanded significantly to $32.1 million—more than six times higher than the $5.3 million recorded in the same period last year. Daubaras described the quarter as the strongest “dual-engine” growth period in the company’s history, reflecting rapid expansion in both digital asset mining and high-performance computing. During the quarter, HIVE scaled its Bitcoin hashrate fleet to an installed base of 25 Exahash per second (EH/s) as of December 31, 2025. The company generated 885 Bitcoin in the quarter, representing a 23% increase quarter over quarter. In parallel, demand continues to accelerate for its AI cloud platform operated through subsidiary BUZZ High Performance Computing. In February, HIVE signed a two-year, $30 million contract for 504 Nvidia B200 GPUs, with deployment expected to go live in calendar Q1 2026 at Bell’s Tier-III data center facility. Looking ahead, HIVE expects to operate a 540-megawatt energy footprint by year-end, including 440 megawatts currently operating and an additional 100 megawatts under a contracted power purchase agreement. Management noted that both existing and incremental megawatts will be strategically evaluated to maintain flexibility—allocating capacity toward either expanding Bitcoin exahash production or supporting AI and high-performance computing workloads, depending on which offers the highest value return. The company’s continued investment in scalable infrastructure positions HIVE to capitalize on growing global demand for both blockchain validation services and AI-driven compute capacity. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive #FrankHolmes #BitcoinMining #CryptoMining #HashrateGrowth #DigitalAssets #ASICMiners #ParaguayOperations #FleetEfficiency #CryptoInfrastructure #BlockchainTechnology #MiningUpdate #SustainableMining #CryptoProduction #BitcoinNews
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HIVE Digital posts record Q3 revenue of $93.1M, expands AI and Bitcoin operations
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