Publicly-traded Bitcoin mining company Hive Digital Applied sciences’ inventory climbed Monday following the announcement of file earnings final quarter, alongside with a take care of computer maker Dell to energy the growing AI ambitions of Hive’s subsidiary.
Hive reported 2nd-quarter fiscal three hundred and sixty five days results ending September 30, reaching file earnings of $87.3 million—a enormous 285% three hundred and sixty five days-over-three hundred and sixty five days expand, and 91% upward thrust in comparison with the earlier quarter. The firm reported adjusted EBITDA of $31.5 million, pointing to stable results all the arrangement in which thru both its Bitcoin mining and high-efficiency computing (HPC) segments.
Hive’s inventory was once on the upward thrust Monday, jumping by more than 7.5% to a closing worth of $3.56. Hive bucked the day to day trend, which saw many essential crypto stocks drop—at the side of Circle (CRCL) by more than 6% and Coinbase (COIN) by about 7%.
Despite the day to day upward thrust, HIVE is down by more than 37% over the final month, echoing losses weathered by other prominent crypto stocks amid falling asset prices in most up-to-date weeks.
Hive climbed at the same time as Bitcoin continued to drop Monday, with the worth of the highest crypto asset dipping below $92,000 for the essential time since April. Bitcoin has now erased all of its 2025 features and has fallen by 27% since environment a new all-time high worth above $126,000 in early October.
Hive’s Bitcoin mining earnings reached $82.1 million, driven by an 86% quarter-over-quarter expand in common hash rate to 16.2 EH/s. HIVE mined 717 Bitcoin all the arrangement in which thru the quarter, up 77% from Q1 in spite of elevated community yelp.
In the meantime, Hive’s Buzz high-efficiency computing division generated file earnings of $5.2 million, up 175% three hundred and sixty five days-over-three hundred and sixty five days. Noxious working margins improved an excellent deal to 49%, despite the truth that GAAP salvage loss was once $15.8 million resulting from accelerated depreciation of Hive’s Bitcoin mining rigs.
Hive said it done a 300 MW addition of new ability in Paraguay and lately executed an operational hash rate of 25 EH/s.
The firm now operates a world hydro-powered files center footprint of 540 MW, with a secured course to 400 MW in Paraguay thru energy win agreements—administration initiatives attainable scaling to 35 EH/s by Q4 2026.
Alongside earnings, Hive’s Buzz subsidiary introduced a take care of Dell Applied sciences to deploy 504 of the producer’s most up-to-date-technology GPUs thru liquid-cooled servers at the Bell AI Cloth files center.
The firm is focusing on a like a flash of more than 6,000 new GPUs by the cease of 2026, alongside 5,000 GPUs already operational.
Its expansion is projected to generate approximately $140 million in annualized HPC earnings by Q4 2026 at roughly 80% inaccurate margins.
Many Bitcoin miners have embraced the high-efficiency computing different amid the AI sigh, and now not less than one, Bitfarms, lately said it will “wind down” its crypto industrial fully. But Hive said it believes it has an benefit over miners that are appropriate now entering the HPC dwelling.
“We know lots about Bitcoin mining, and we also know wide and breadth more than these other Bitcoin miners that are going into the dwelling of AI,” said Hive Executive Chairman Frank Holmes in Monday’s earnings name. “We’ve been doing it for 3 years. I have confidence about we’re reasonably successful. It be vital more demanding.”
