TLDRHIVE Digital Technologies achieved record quarterly revenue of $87.3 million, representing a 285% year-over-year increaseBitcoin mining operations produced 717 BTC and generated $82.1 million in revenue during the quarterShares gained 7.55% Monday, closing at $3.56 despite broader crypto market declinesAI computing arm Buzz recorded $5.2 million in revenue, up 175% from last yearCompany completed 300 MW capacity expansion in Paraguay and secured Dell Technologies partnershipHIVE Digital Technologies delivered record quarterly results for the period ending September 30. The company posted $87.3 million in total revenue, marking a 285% increase compared to the same quarter last year.HIVE’s Q2 FY2026 results are here:Revenue 285% YoY / 91% QoQOperational Bitcoin Hashrate 223% YoYBitcoin Mining Revenue ~300% YoYHPC Revenue 175% YoYEarnings call begins at 8:00 AM EST: https://t.co/EphObAIPaT pic.twitter.com/xig2HSpsMZ— HIVE Digital Technologies (@HIVEDigitalTech) November 17, 2025The quarterly performance also showed 91% growth from the previous quarter. HIVE reported adjusted EBITDA of $31.5 million across its operations.Bitcoin mining remained the primary revenue driver for the company. Mining operations generated $82.1 million during the quarter, with HIVE successfully mining 717 BTC.HIVE Digital Technologies Ltd., HIVEThe company achieved these results despite increased network difficulty. HIVE’s average hash rate reached 16.2 EH/s, representing an 86% quarter-over-quarter increase.Share Performance Defies Market TrendsHIVE shares closed Monday at $3.56, gaining 7.55% during regular trading hours. The stock continued climbing 0.56% in after-hours trading to reach $3.58.The gains came as other crypto stocks declined. Circle dropped over 6% and Coinbase fell approximately 7% during the same trading session.Bitcoin fell below $92,000 Monday for the first time since April. The cryptocurrency has declined 27% from its October peak above $126,000, erasing all 2025 gains.HIVE stock has dropped 37% over the past month following broader crypto market weakness. The company remains up 25% year-to-date from a 2025 high of $6.96 in early October.AI Computing Division ExpandsThe Buzz high-performance computing division posted record revenue of $5.2 million. This marked a 175% increase from the same period last year.Gross operating margins in the division improved to 49%. HIVE announced a partnership with Dell Technologies to deploy 504 new-generation GPUs.The GPUs will be installed through liquid-cooled servers at the Bell AI Fabric data center. HIVE targets a fleet exceeding 6,000 new GPUs by the end of 2026.The company currently operates 5,000 GPUs. Management projects the expansion will generate approximately $140 million in annualized HPC revenue by Q4 2026 at roughly 80% gross margins.Infrastructure Growth ContinuesHIVE completed a 300 MW capacity addition in Paraguay during the quarter. The company recently reached an operational hash rate of 25 EH/s.HIVE now operates 540 MW of global hydro-powered data center capacity. The company secured agreements for 400 MW in Paraguay through power purchase agreements.Management projects potential scaling to 35 EH/s by Q4 2026. Executive Chairman Frank Holmes emphasized the company’s aggressive expansion strategy during the earnings call.“Despite Bitcoin hashprice being up only about 25% year-over-year, our revenue soared 285% year-over-year due to our aggressive hashrate expansion,” Holmes stated.The company reported a net loss of $15.8 million for the quarter. HIVE attributed the loss to accelerated two-year depreciation of Bitcoin mining equipment deployed in Paraguay.Holmes highlighted HIVE’s three-year experience in AI computing compared to miners recently entering the space. “It’s much more complicated,” he said regarding the HPC business.The post HIVE Digital (HIVE) Stock: Mining Company Posts Record Revenue Despite Bitcoin Decline appeared first on Blockonomi.