HIVE Digital Technologies Ltd. reported its fiscal first-quarter 2026 results, announcing a net income of $36.9 million, or 19 cents per share. This marks a significant turnaround from previous periods, demonstrating improved profitability.
The company achieved a record $45 million in revenue for the quarter, driven by strong performance in both its Bitcoin mining operations and strategic growth initiatives in Paraguay. This revenue figure highlights the effectiveness of HIVE's dual-engine growth model.
While the reported net income was positive, the company also noted an adjusted loss of 6 cents per share, after accounting for non-recurring gains. HIVE continues to focus on optimizing its operations and leveraging its green energy infrastructure to sustain growth and enhance shareholder value.
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