HIVE Digital Technologies Exceeds $1 Million in Daily Revenue from Bitcoin Mining and AI Cloud Services
On August 21, HIVE Digital Technologies (Nasdaq: HIVE) reported crossing the $1 million threshold in daily revenue for the first time. This milestone was achieved through a combination of income generated by its Bitcoin mining operations and GPU cloud services provided via BUZZ HPC, its wholly owned subsidiary. The company produces an average of 12 Bitcoin per day from mining activities, accounting for about 2% of global Bitcoin network production. Meanwhile, the AI-focused GPU cloud segment has contributed approximately $100,000 in daily revenue on average during this period. BUZZ HPC is building a recurring revenue stream through long-term contracts with enterprise and government clients. HIVE also announced plans to wind down its Bitcoin mining operations at Swedish facilities due to their minimal contribution (less than 5% of global daily revenue). The company aims to repurpose the infrastructure for higher-value AI applications, signaling a strategic shift toward growth in cloud computing services over traditional mining.
Tickers: $HIVE