HIVE Digital Forecasts 52% Bitcoin Mining Margins as Price Nears $80K
HIVE Digital Technologies is forecasting a significant increase in Bitcoin mining margins as the price of Bitcoin approaches $80,000.
The company attributes this growth to its low-cost hydroelectric power from Paraguay, which reduces energy costs and boosts profitability.
In Q1 FY2027, HIVE reported a 73% year-over-year revenue increase, driven mainly by Bitcoin mining, which generated $72.1 million of the total $79.1 million in revenue.
The company has diversified into high-performance computing and AI, contributing $7 million to its revenue.