HIVE Digital Technologies, a Canadian Bitcoin miner, saw its Bitcoin holdings fall by 331 BTC during the last quarter. However the miner also reported an increase in revenue for the year from Bitcoin mining as well as high-performance computing.
The Company reported The company reported Monday holdings of only 150 Bitcoins (BTC), down significantly from the 481 BTC it held at the end Q4 of 2025. CoinGecko data. Bitcoin’s current price is about $23,000,000, which represents a 331 BTC decrease. trading About 21% Lower Year-to-date
HIVE didn’t explicitly state that it sold Bitcoin. The company generated revenue of $297.8 millions and mined 2885 BTC over the course of fiscal 2026. That’s a 158% increase from just a year before, thanks to an increased capacity for Bitcoin mining.
Source: Bitcoin Treasuries
Bitcoin’s shrinking treasury shows how miners balance accumulation with expansion costs, as they invest heavily in mining infrastructure that uses a lot of energy and expand into AI computing.
Mining drives revenue growth to $297.8 Million as costs increase
HIVE’s revenue total rose from $115.3 to $297.8 millions. Revenue from digital currency mining increased to $278.3million, while HPC contributed nearly double the amount of $19.5million.
HIVE Digital Technologies
The results were still under pressure despite the dramatic increase in revenues. HIVE’s mining and data centers expanded, resulting in higher operating and maintenance costs. Depreciation also increased, reaching $170.4M, almost triple what it was the year before.
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AI mining alongside Bitcoin
HIVE reported that its HPC revenues are up, from just $10 million one year before. This is due to an increase in demand for AI Computing Services.
According to the company, revenue generated by its HPC division was expected to reach $35 million in 2018. This is due to new contracts and deployments of Nvidia GPU clusters.
Also, it highlighted plans to construct a 320 Megawatt AI Data Center in Greater Toronto Area. This center could host up to 100,000 GPUs.
As mining becomes more capital-intensive and competitive, the expansion of public Bitcoin miner companies is a sign that a trend has emerged among them to seek new revenue sources from AI.
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Source: cointelegraph.com
