Proactive Investors
06 Jun 2026, 12:27 UTC · 3h ago
HIVE Digital Technologies CFO on Bitcoin mining and AI data center growth – ICYMI
Proactive Investors
06 Jun 2026, 12:27 UTC · 3h ago
Story key points
4 claims · impact-rated
HIVE targets a pathway to increase its high-performance computing (HPC) annual run-rate revenue from $20 million to approximately $200 million by the end of the year. — A potential 10x increase in a high-growth business segment (AI/HPC) represents a massive shift in the company's valuation and revenue profile.
+0.80The company is evaluating two large clusters at Bell's Merritt facility, with each cluster potentially adding between $65 million and $70 million in annual run-rate revenue. — This provides the specific catalyst and scale required to reach the company's aggressive year-end revenue targets.
+0.60HIVE's Bitcoin mining operation in Paraguay grew from 6 EH/s to 25 EH/s, contributing to record fiscal year-end results and nearly $300 million in revenue. — Strong operational scaling in the core mining business provides the cash flow necessary to fund the transition into AI infrastructure.
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A partnership with Bell in Canada has already resulted in a $30 million agreement over two years, adding $15 million to the annual run-rate revenue. — Confirms the viability of the AI pivot with realized contractual revenue rather than just projections.
+0.30Ticker attribution
Model heads
The company reported record fiscal year-end results, significant Bitcoin production growth, and an accelerating AI infrastructure strategy with a clear pathway to increased annual run-rate revenue.
Mentioned as the provider of A-series cards used in HIVE's data center business, implying steady demand/utility.
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