Shares of Hive Digital Technologies, a listed bitcoin miner, rallied on Monday after it announced record quarterly revenue and a partnership agreement between its subsidiary and computer maker Dell to advance artificial intelligence (AI).
Hive announced its results for the second quarter (Q2) of fiscal year 2026 ending September 30, 2025: revenue reached $87.30 million, not only a significant increase of 285% year-on-year, but also an increase of 91% quarter-on-quarter (compared to the previous quarter), a record high. At the same time, the company's adjusted earnings before interest, tax, depreciation and amortization (Adjusted EBITDA) was $31.50 million, which shows that its two business segments of bitcoin mining and high-performance computing (HPC) have achieved strong performance.
In terms of share price, Hive's share price rose by more than 7.5% on Monday, closing at $3.56. Notably, Hive's share price bucked the trend - most mainstream cryptocurrency-related companies fell on the day, such as Circle (ticker CRCL) fell by more than 6% and Coinbase (ticker COIN) fell by about 7%.
Shares of bitcoin miner Hive rose more than 7.5% on Monday, with Q2 revenue up 91% month-on-month.
2025-11-18 00:18:23
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