HIVE hits $115.3M revenue in FY2025 as AI cloud earnings triple

HIVE hits $115.3M revenue in FY2025 as AI cloud earnings triple originally appeared on TheStreet.

HIVE Digital Technologies Ltd. (Nasdaq: HIVE), a prominent crypto mining company, announced total revenue of $115.3 million for fiscal year 2025, which was driven by a solid year of revenue-generating Bitcoin mining and explosive growth in the AI cloud operations.

As per the latest financial report, HIVE faced challenges similar to those faced by many others in the industry, related to the April 2024 Bitcoin halving and hash rate difficulty in the mining environment.

However, HIVE revealed that digital currency mining revenue was $105.2 million in FY2025, 5.2% lower than the previous year.

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The company was able to address several of these concerns due to a 40% increase in mining hashrate, which rose from 4.5 EH/s to 6.3 EH/s throughout the year, and upward price action of Bitcoin.

HIVE mined a total of 1,414 BTC, and the combined total number of digital assets was 2,201 BTC, representing a value of approximately $181.1 million.

HIVE's high-performance computing (HPC) and AI cloud segment contributed to $10.1 million in revenue in FY2025, nearly 3 times the $3.4 million revenue in FY2024.

The company's growth can be attributed to a surge in AI demand, as HIVE scaled its GPU fleet to 5,000 GPUs under its BUZZ HPC business.

Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was $56.2 million or 48.7% of total revenue, with $25.1 million (21.8%) in gross operating margins.

Generally Accepted Accounting Principles (GAAP) net loss was $3 million, partly due to increasing general and administrative expenses, to $16.6 million due to increased general infrastructure, especially in Paraguay, where HIVE ramped its capacity from 140 MW to 440 MW.

HIVE co-founder and executive chairman Frank Holmes highlighted the firm's "disciplined growth" and strategic positioning in its Bitcoin mining and AI infrastructure.

HIVE hits $115.3M revenue in FY2025 as AI cloud earnings triple first appeared on TheStreet on Jun 26, 2025

This story was originally reported by TheStreet on Jun 26, 2025, where it first appeared.

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