HIVE Digital Technologies Ltd. Q4 FY2026 Earnings Call
· Earnings call transcript and AI-powered summary
HIVE Digital Technologies Fiscal Q4 & Full Year 2026 Earnings Summary (Ended March 31, 2026)
Financial Performance
- Full Year 2026 Revenue: ~$300 million (global). Gross operating margin exceeded $100 million (4x growth vs. $25 million in FY2025). Net operating income ~$76 million (9x growth vs. $8.5 million in FY2025). Adjusted EBITDA $73 million. Net loss ~$148 million (driven by aggressive 2-year ASIC / 3-year GPU depreciation and non-cash items). ROIC 13.3%. Bitcoin treasury: 150 BTC.
- Q4 2026 Revenue: $71.8 million (up 130% YoY from $31.2 million in Q4 FY2025; down from $93.1 million in Q3 FY2026). Gross operating margin $17.5 million (up 99% YoY from $8.8 million in Q4 FY2025; down from $32.1 million in Q3). HPC/AI revenue $4.6 million (~6-7% of total, trending higher).
- Q4 Profitability: Adjusted EBITDA loss of $9 million (improved from $30.7 million loss in Q4 FY2025; vs. +$5.7 million in Q3 FY2026). Net loss $76.3 million (vs. $72.9 million / $52.9 million in prior year periods). Positive gross operating margin maintained despite volatility.
- Bitcoin Mining (Q4): 876 BTC produced. Installed hash rate 25 EH/s (optimized to 24.6 EH/s at 16 J/TH efficiency). No dedicated CapEx allocated to Bitcoin operations.
Operational & Strategic Highlights
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