HIVE reduced its Bitcoin holdings to 150 BTC during the first quarter of 2026, a drop of 331 coins from the previous period. The move came alongside a record annual revenue of $297.8 million, fueled by growth in mining and AI computing operations.
The Bitcoin drawdown
The publicly traded miner now holds just 150 Bitcoin, down sharply from 481 BTC at the end of the prior quarter. HIVE didn't say why it sold or whether it plans to keep reducing. What's clear is that the company is sitting on a much smaller stack than it used to.
Record revenue — and what drove it
Annual revenue hit $297.8 million, a new high for HIVE. That's a big jump, and the company credits two things: its mining operations and a push into AI computing. The AI side has become a real revenue stream, not just a side project.
Mining and AI: the twin engines
HIVE expanded both mining capacity and AI computing services over the past year. The combination helped offset the impact of Bitcoin price swings and network difficulty increases. The firm notes that AI computing is now a meaningful contributor to the top line, though it doesn't break out exact figures.
The reduced Bitcoin holdings bring HIVE's treasury to its lowest level in recent quarters. Whether the company will continue selling or start accumulating again is an open question. Its next quarterly report will show if the pivot toward AI revenue is accelerating — and whether the Bitcoin holdings shrink further.
