HIVE Bitcoin Holdings Fall by 331 BTC in First Quarter as Annual Revenue Hits Record $298 Million

Canada-based HIVE Digital Technologies focuses on Bitcoin mining and has expanded its data-center computing capacity into AI services. As it scales both mining equipment and AI infrastructure, the company must balance retaining Bitcoin, covering operating costs and investing in new capacity. Its asset allocation has therefore become an important gauge of its growth strategy.

HIVE’s latest financial results showed that its Bitcoin holdings declined by 331 BTC in the first quarter of fiscal 2026, leaving it with 150 BTC at the end of the period. Meanwhile, fiscal 2026 revenue reached a record $297.8 million, driven by expanded mining capacity and growth in its AI computing business. The figures indicate that the company is using some of its Bitcoin holdings to fund expansion costs.