HIVE Blockchain (HVBT) Q1 2026 Earnings Report

HIVE Blockchain Technologies delivered a notable top-line expansion in QQ1 2026, with revenue of $45.61 million representing year-over-year growth of approximately 41.5% and a quarter-over-quarter increase of about 52.7%. Despite this revenue strength, gross profitability remained negative, with gross profit of -$6.19 million and a gross margin of -13.58%, indicating elevated cost of revenue relative to the selling price during the period. Positively, operating income reached $6.84 million and EBITDA stood at $57.96 million, underscoring scale operating metrics that benefited from non-operating income that lifted net earnings. Net income was $35.02 million, translating to a net margin of 76.77% and earnings per share (diluted) of $0.18, driven largely by total other income of $28.83 million rather than core operating profitability.