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HIVE Digital Technologies Ltd.
HIVECIK 0001720424NasdaqEmerging GrowthFinance ServicesA1CAFY ends Mar 31
Period
FY 2026
Revenue
$297.79M
Net Income
$-148.45M
Total Assets
$639.15M
Equity
$529.36M
Shares Out
267.43M
Op. Cash Flow
$62.34M
Business
HIVE Digital Technologies Ltd. operates cryptocurrency mining operations that provide computing capacity to secure distributed networks and earn blockchain rewards. The company deploys and operates mining hardware (ASICs and GPUs) and associated data center infrastructure to mine Bitcoin, Ethereum and other proof-of-work tokens. Its business is organized around mining operations, data center facility ownership/leases and infrastructure management, and related custody and asset handling services. HIVE markets and distributes mined digital tokens via cryptocurrency exchanges and institutional custodians across North America, Europe and South America.
Summary from filing dated 2025-06-26
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| Revenues | 298 | 115 | 114 | |
| Cost of sales | — | — | — | |
| Operating and maintenance costs | 187 | 88 | 76 | |
| High performance computing service fees | 3 | 2 | 635,000 | |
| Depreciation | 170 | 64 | 64 | |
| Gross profit | −63 | −39 | −26 | |
| Net realized and unrealized gains of digital currencies | 11 | 34 | 82 | |
| Operating expenses | — | — | — | |
| Selling, general, administrative expenses | 31 | 17 | 13 | |
| Foreign exchange loss | −391,000 | −5 | 2 | |
| Stock-based compensation | 25 | 11 | 7 | |
| Total operating expenses | 57 | 33 | 18 | |
| Unrealized (loss) gain on investments | −16 | 19 | 4 | |
| Realized loss on investments | 0 | −311,000 | 0 | |
| Change in fair value of derivatives | −23 | 4 | 362,000 | |
| Recovery of sales tax receivables | −3 | −966,000 | 7 | |
| Impairment of receivable on sale of subsidiary | 2 | 0 | 0 | |
| Gain on sale of equipment | 1 | 18 | 1 | |
| Other income (expense) | 2 | 346,000 | −59,000 | |
| Finance expense | 1 | 2 | 3 | |
| (Loss) income from operations | −145 | 2 | 33 | |
| Tax expense | 4 | 5 | 6 | |
| Net (loss) income after tax | −148 | −3 | 27 | |
| Other comprehensive income (loss) | — | — | — | |
| Translation adjustment | 1 | −38,000 | −1 | |
| Net (loss) income and comprehensive (loss) income | −147 | −3 | 25 | |
| Basic (loss) income per share | −0.66 | −0.02 | 0.29 | |
| Diluted (loss) income per share | −0.66 | −0.02 | 0.29 | |
| Weighted average number of common shares outstanding - Basic | 225 | 128 | 90 | |
| Weighted average number of common shares outstanding - Diluted | 225 | 128 | 90 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 |
|---|---|---|---|
| Assets | — | — | |
| Current assets | — | — | |
| Cash and cash equivalents | 23 | 23 | |
| Amounts receivable and prepaids, net | 16 | 12 | |
| Derivative asset | 606,000 | 1 | |
| Investments | 10 | 24 | |
| Digital currencies | 11 | 181 | |
| Total current assets | 60 | 242 | |
| Property, plant and equipment, net | 480 | 203 | |
| Long term receivables, net | 2 | 7 | |
| Deposits, net | 54 | 75 | |
| Right of use assets | 43 | 6 | |
| Total assets | 639 | 532 | |
| Liabilities | — | — | |
| Current liabilities | — | — | |
| Accounts payable and accrued liabilities | 27 | 15 | |
| Convertible loan | 0 | 2 | |
| Current portion of lease liability | 12 | 3 | |
| Acquisition loan payable | 0 | 31 | |
| Current portion of loans payable | 1 | 3 | |
| Term loan | 2 | 4 | |
| Current portion of mortgage payable | 143,000 | 0 | |
| Warrant liability | 413,000 | 760,000 | |
| Current income tax liability | 11 | 8 | |
| Total current liabilities | 54 | 66 | |
| Loans payable | 9 | 10 | |
| Lease liability | 31 | 3 | |
| Mortgage payable | 14 | 0 | |
| Deferred tax liability | 295,000 | 3 | |
| Total liabilities | 110 | 82 | |
| Equity | — | — | |
| Share capital | 0 | 0 | |
| Additional paid in capital | 944 | 717 | |
| Accumulated other comprehensive income | 8 | 6 | |
| Accumulated deficit | −422 | −274 | |
| Total equity | 529 | 449 | |
| Total liabilities and equity | 639 | 532 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | Mar 31, 2026 2026-03-31 | Mar 31, 2025 2025-03-31 | Mar 31, 2024 2024-03-31 |
|---|---|---|---|---|
| Cash flows from operating activities | — | — | — | |
| Net (loss) income for the year | −148 | −3 | 27 | |
| Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities | — | — | — | |
| Revenue recognized from digital currency mined | 278 | 105 | 111 | |
| Proceeds from sale of digital currency | 269 | 105 | 97 | |
| Revaluation of digital currency | 11 | 34 | 82 | |
| Digital currency purchased | 18 | 0 | 0 | |
| Gain of digital currency | — | — | — | |
| Depreciation | 170 | 64 | 64 | |
| Non-cash lease expense | 3 | 3 | 3 | |
| Unrealized loss (gain) on investments | −16 | 19 | 4 | |
| Realized loss on investment | 0 | −311,000 | 0 | |
| Change in fair value of derivatives | −23 | 4 | 362,000 | |
| (Recovery) provision on sales tax receivables | −3 | −966,000 | 7 | |
| Impairment of receivable on sale of subsidiary | 2 | 0 | 0 | |
| Gain on sale of mining assets | 1 | 18 | 1 | |
| Income tax expense | 4 | 5 | 6 | |
| Accretion on convertible debt | 462,000 | 1 | 2 | |
| Share-based compensation | 25 | 11 | 7 | |
| Interest expense | 628,000 | 414,000 | 397,000 | |
| Unrealized foreign exchange | 2 | −15 | 20,000 | |
| Lease payments on operating leases | 3 | 3 | 3 | |
| Changes in non-working capital items | — | — | — | |
| Amounts receivable and prepaids | −1 | 5 | 772,000 | |
| Accounts payable and accrued liabilities | 13 | 4 | −1 | |
| Net cash provided by operating activities | 62 | 17 | 10 | |
| Cash flows from investing activities | — | — | — | |
| Deposits on equipment | 9 | 54 | 15 | |
| Proceeds on disposal of investments | 0 | 2 | 0 | |
| Purchases of investments | 907,000 | 2 | 341,000 | |
| Proceeds on disposal of equipment | 2 | 19 | 2 | |
| Purchase of equipment | 148 | 121 | 63 | |
| Cash paid on acquisition | 9 | 26 | 647,000 | |
| Purchase of property | 22 | 0 | 0 | |
| Payment of security deposits | 36 | 3 | 0 | |
| Net cash used in investing activities | −223 | −184 | −77 | |
| Cash flows from financing activities | — | — | — | |
| Proceeds from exercise of warrants | 770,000 | 0 | 0 | |
| Proceeds from exercise of options | 1 | 101,000 | 96,000 | |
| Loan payments | 3 | 1 | 0 | |
| Term loan payments | 2 | 2 | 2 | |
| Shares offering | 196 | 187 | 56 | |
| Issuance of special warrants | 0 | 0 | 22 | |
| Repayment of acquisition loan payable | 31 | 0 | 0 | |
| Repayment of debenture | 2 | 3 | 3 | |
| Net cash provided by financing activities | 160 | 181 | 73 | |
| Effects of exchange rate changes on cash | 425,000 | 102,000 | 2,000 | |
| Net change in cash during the year | −262,000 | 14 | 5 | |
| Cash and cash equivalents | — | — | — | |
| End of the year | — | — | — | |
| End of the year | — | — | — |
Filings
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