HIVE Digital reported a net loss of $78.7 million in Q3, with mining output of 1,070 BTC.

Bitcoin mining company HIVE Digital Technologies reported results for the third quarter of its 2026 fiscal year, ending September 30, with a net loss of $78.7 million, compared to a net loss of $15.8 million in the year-ago period. According to the company's latest financial report released Monday, third-quarter revenue stood at $84.9 million, a 2.7% year-over-year decline. This quarter, HIVE received 1,070 BTC in mining rewards, a 49% increase from 718 units in the same period last year; mining revenue reached $76 million, down from $82.1 million in the year-ago period. The company stated that the average Bitcoin price this quarter was $71,003, far lower than $114,382 in the same period last year, which was the main driver of the mining revenue decline. Additionally, HIVE recorded an impairment loss of $31.2 million after assessing the recoverable value of its mining equipment, with depreciation expenses totaling another $54.9 million. Adjusted EBITDA came in at $24.8 million.