HIVE Digital Technologies Reports 300% Revenue Increase in HPC/AI Cloud Services

HIVE Digital Technologies Ltd. has announced its financial results for the fiscal year ended March 31, 2025, showcasing significant achievements in both digital currency mining and high-performance computing (HPC) hosting services. The company reported total revenue of $115.3 million, with digital currency mining contributing $105.2 million and HPC/AI Cloud revenue reaching $10.1 million, marking a threefold increase from the previous year. The company mined 1,414 Bitcoin during the fiscal year, which contributed to its HODL position. Gross operating margins stood at $25.1 million, or 21.8% of total revenue, while adjusted EBITDA was $56.2 million, representing 48.7% of total revenue. The company's digital assets were valued at $181.1 million at the end of the fiscal year, including 2,201 Bitcoin.

HIVE's operational hashrate expanded from 4.5 EH/s to 6.3 EH/s, a 40% increase, despite the challenges posed by the April 2024 Bitcoin Halving and increased hash rate difficulty. The company's acquisition of 300 MW of hydro-powered green-energy sites in Paraguay is expected to further enhance its leadership in both mining and HPC businesses. The company's management highlighted the strategic importance of these acquisitions, which include visionaries like Lieutenant General (Ret.) John R. Evans Jr, Gabriel Lamas, and cloud-computing pioneer Craig Tavares. The company aims to scale its Bitcoin mining business to 25 EH/s by December 31, 2025, and continue the strong growth in its Buzz HPC Business.

Frank Holmes, Co-Founder and Executive Chairman of HIVE, emphasized the company's disciplined growth and commitment to green energy. He noted that the company's mandate remains focused on compounding strong shareholder value through high-return on invested capital (ROIC) growth powered by green energy. Aydin Kilic, President & CEO of HIVE, highlighted the transformative potential of the company's expansions in Paraguay, which have already increased the hashrate to 11.5 EH/s and are expected to drive significant shareholder returns. Darcy Daubaras, CFO of HIVE, noted the transition to US GAAP financial reporting, which aligns with the company's strategic objectives and enhances comparability with U.S.-listed peers.

In the fourth quarter of FY2025, HIVE reported total revenue of $31.2 million, with digital currency mining revenue at $28.1 million, up 5.5% sequentially. HPC revenue reached a record $3.0 million, driven by strong demand for high-performance computing markets. The company mined 303 Bitcoin during the quarter, and gross operating margins were $8.8 million, or 28.2%. The company reported a GAAP net loss of $52.9 million, primarily due to a non-cash revaluation of digital currencies held on the balance sheet and an unrealized loss related to its equity investments. Since March 31, 2025, the Bitcoin price has recovered to approximately $101,000.

HIVE Digital Technologies Ltd. is committed to operational excellence, green energy leadership, and creating long-term value for its shareholders and host communities. The company's global footprint spans across Canada, Sweden, and Paraguay, and it continues to build and operate sustainable blockchain and AI infrastructure powered by renewable hydroelectric energy. The company's financial statements and Management's Discussion and Analysis (MD&A) for the year ended March 31, 2025, will be accessible on SEDAR+ and the company's website.