HIVE Executive Chairman Frank Holmes says the company’s investment in AI is already paying off, with its AI GPUs generating around $2.90 per GPU-hour compared to just $0.12 per hour from traditional bitcoin mining machines. The difference highlights why HIVE is steadily expanding beyond crypto mining and putting more resources into AI and high-performance computing.
The company posted fiscal 2026 revenue of $297.8 million, marking a 158% jump from a year earlier. Its BUZZ HPC AI business also continued to grow, with revenue rising 94% to $19.5 million. Looking ahead, HIVE is building a 320-megawatt AI hub in Toronto and expects its AI and HPC business to be generating ten times more annualized revenue by the end of the fiscal year.
#HIVE $HIVE #AI
The company posted fiscal 2026 revenue of $297.8 million, marking a 158% jump from a year earlier. Its BUZZ HPC AI business also continued to grow, with revenue rising 94% to $19.5 million. Looking ahead, HIVE is building a 320-megawatt AI hub in Toronto and expects its AI and HPC business to be generating ten times more annualized revenue by the end of the fiscal year.
#HIVE $HIVE #AI