HIVE Digital Technologies mined 1,004 Bitcoin in its fiscal first quarter of 2027, the three months ended June 30, 2026. That is up 147% from the 406 BTC the company mined in the same period
HIVE Digital Technologies mined 1,004 Bitcoin in its fiscal first quarter of 2027, the three months ended June 30, 2026. That is up 147% from the 406 BTC the company mined in the same period last year. At Bitcoin's current price of about $77,480, that quarterly haul is worth roughly $78 million.
The jump came almost entirely from hashrate growth. Hashrate measures how much computing power a miner points at the Bitcoin network; the more a company has, the bigger its share of newly mined coins.
Related: HIVE gets a price target boost after a strong quarter
HIVE's average operational hashrate climbed to 24.0 exahash per second (EH/s), nearly triple the 8.7 EH/s it ran a year earlier.
That growth carried extra weight because Bitcoin's block reward, the fixed amount of new BTC awarded each time a block is mined, has stayed unchanged since 2024. It currently sits at 3.125 BTC per block and will not shift again until roughly 2028.
With rewards fixed, a miner's output now depends almost entirely on how much of the network's total hashrate it controls, and that total has been anything but steady, climbing to repeated records through late 2025, pulling back sharply in early 2026, then rising again.
Founded in 2017, HIVE builds and runs clean-energy-powered data centers across Canada, Sweden and Paraguay, and trades on the Nasdaq and Toronto Stock Exchange.
In recent years, the company has expanded beyond Bitcoin mining into AI and high-performance computing (HPC) through its BUZZ HPC subsidiary, though mining still drives the bulk of its revenue.
Much of HIVE's mining edge traces to its Paraguay operations, where the company now runs 19.5 EH/s using newer-generation machines that average under 15 joules per terahash, a measure of how much energy the hardware uses for each unit of computing power.
On the company's earnings call, CEO Aydin Kilic said mining margins have held between 36% and 40% even as Bitcoin's mining difficulty, or how hard it is to win each block, kept shifting through the year.
Related: Bitcoin's 90-day correlation with gold tops 50%, study says debt fears are driving it
