Canada · Delayed Price · Currency is CAD HIVE Digital Technologies Earnings Call Transcripts
Fiscal Year 2027
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Revenue rose 73% year-over-year to $79.1 million, with strong growth in both Bitcoin mining and AI/HPC segments. Adjusted EBITDA returned to positive, and $180 million in contracted AI/HPC revenue positions the company to exceed its $200 million ARR target by year-end.
Fiscal Year 2026
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Revenue reached CAD 300 million for the year, driven by strong growth in both Bitcoin mining and HPC/AI segments. Major investments in GPU cloud and the Toronto Gigafactory position the company for significant ARR expansion, with a CAD 5 billion+ enterprise value outlook.
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A capital-light strategy is driving rapid AI cloud growth through partnerships, lease-to-own GPU models, and data center conversions. Major deals and expansions in Canada and Paraguay are set to boost ARR from $35 million to over $200 million, with strong demand and favorable economics supporting further growth.
Fiscal Year 2025
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Revenue reached $115.3M with $56.2M adjusted EBITDA, driven by scaling to 11 EH/s and strong HPC growth. Fully funded for 25 EH/s by fall 2025, with $400M+ projected annualized revenue at $100K Bitcoin. Margins impacted by halving, but efficiency and liquidity remain strong.
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Revenue held steady year-over-year at $22.6 million, but gross margin and EBITDA declined due to post-halving economics and rising Bitcoin difficulty. Major Paraguay expansion and new ASIC purchases aim to double hash rate and boost margins, while the AI/HPC segment targets rapid growth.
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Revenue rose year-over-year to $30.2M, with $14.9M adjusted EBITDA and $3.3M net income, despite the Bitcoin halving. Expansion in Paraguay aims to double hash rate, while the AI segment hit $10M ARR and targets $100M next year.