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Canadian Bitcoin miner HIVE Digital Technologies’ Bitcoin holdings fell by 331 BTC successful the latest quarter, adjacent arsenic the miner reported a crisp emergence successful yearly gross from Bitcoin mining and high-performance computing (HPC).
The institution reported holdings of 150 Bitcoin (BTC) successful its fiscal twelvemonth update connected Monday, down from 481 BTC astatine the extremity of Q4 2025, according to institution figures and CoinGecko data. The 331 BTC simplification represents astir $23 cardinal successful worth astatine existent prices, with Bitcoin trading astir 21% little year-to-date.
HIVE did not explicitly accidental it sold Bitcoin. The institution mined 2,885 BTC during fiscal 2026 and generated $297.8 cardinal successful revenue, up 158% from a twelvemonth earlier, driven mostly by expanded Bitcoin mining capableness and HPC revenue.
Source: Bitcoin Treasuries
The shrinking Bitcoin treasury highlights however nationalist miners are balancing accumulation against enlargement costs arsenic they put successful energy-heavy mining sites and diversify into AI computing infrastructure.
Revenue jumps to $297.8 cardinal arsenic mining drives growth, costs rise
HIVE’s full gross roseate to $297.8 cardinal from $115.3 cardinal a twelvemonth earlier, with integer currency mining gross rising to $278.3 million, portion HPC contributed $19.5 million, astir doubling year-over-year.
Source: HIVE Digital Technologies
Despite the crisp summation successful revenue, rising costs continued to unit results. Operating and attraction expenses climbed arsenic HIVE expanded its mining and information halfway footprint, portion depreciation roseate to $170.4 million, astir triple the anterior twelvemonth and 1 of the largest expenses connected the income statement.
Related: TeraWulf acquires Kentucky AI information halfway tract with planned 1 GW capacity
Miner bets connected AI alongside Bitcoin
HIVE said its HPC concern gross is up from $10 cardinal a twelvemonth earlier, arsenic request for AI computing services increased.
The institution said contracted yearly recurring gross from its HPC part reached $35 cardinal by year-end, supported by deployments of Nvidia-powered GPU clusters and caller endeavor contracts.
It besides highlighted plans for a 320-megawatt AI information halfway task successful the Greater Toronto Area, which it said could yet big much than 100,000 GPUs.
The enlargement underscores a broader inclination among nationalist Bitcoin miners, galore of whom are seeking caller gross streams from AI and unreality computing arsenic mining economics go much competitory and capital-intensive.
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