Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
HIVE Digital CEO Says Company Worked On Scaling Bitcoin Mining Business In 2025-Here's What It Wants To Focus On This Year

HIVE Digital CEO Says Company Worked On Scaling Bitcoin Mining Business In 2025-Here's What It Wants To Focus On This Year

FinvizFinviz2026/02/18 09:27
By:Finviz

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) CEO Aydin Kilic said Tuesday that the company will prioritize expanding its high-performance computing (HPC) business in 2026.

HPC Revenue Scaling Goal

During HIVE’s third-quarter earnings call, Kilic said the firm focused on scaling Bitcoin (CRYPTO: BTC) mining operations in 2025, hitting 25 exahashes per second in global Bitcoin mining capacity and commissioning a 300 megawatt facility in Paraguay.

“This year, 2026, our focus is on scaling HPC’s annual recurring revenue from $20 million to $225 million,” the top executive said

To achieve this, the company plans to expand its cloud from 5,000 to 11,000 graphics processing units and to grow that revenue from $20 million to $140 million.

HIVE is capitalizing on its established infrastructure to tap into the growing demand for high-performance computing. Earlier this month, the company signed customer agreements worth approximately $30 million in contract value for its AI cloud strategy.

HIVE Reports Quarterly Loss

HIVE posted a record $93.1 million revenue for the third quarter, up 219% year-over-year and 7% from the previous quarter. The topline, however, fell short of analyst expectations of $96.97 million.

The company reported a loss of $0.38 per share, compared to earnings per share of $0.01 in the same quarter last year. It produced 884 BTC during the quarter, representing a 23% quarter over quarter increase.

Price Action: At the time of writing, BTC was exchanging hands at $67,682.75, down 1.04% in the last 24 hours, according to data from Benzinga Pro.

HIVE shares fell 0.01% in after-hours trading after closing 4.07% lower at $2.120 during Tuesday's regular trading session. Year-to-date, the stock has tumbled 17.51%

According to Benzinga’s Edge Stock Rankings, the stock shows a weak price trend across short-, medium-, and long-term horizons.

HIVE Digital CEO Says Company Worked On Scaling Bitcoin Mining Business In 2025-Here's What It Wants To Focus On This Year image 0

Photo courtesy: Shutterstock

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Mandatory “5-day simulated trading”! Korea Introduces Various Measures to “Cool Down” Leveraged ETF Trading

Simulated trading is only available on PC, and the cumbersome requirement of at least one hour per day has deterred retail investors in South Korea. The South Korean regulators have curbed the single-stock leveraged ETF boom by raising margin thresholds and mandating the completion of five days of simulated trading. As a result, the assets of related ETFs have plummeted from $11.4 billion to $5 billion, with net outflows of approximately $1 billion in August, and trading volume has dropped to just 4% of its peak.

华尔街见闻2026/08/30 01:51