HIVE Digital targets quarter-billion in AI revenue this year
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HIVE Digital (Nasdaq: HIVE) is rapidly transforming its business model to become a major player in the artificial intelligence (AI) revolution.
Aydin Kilic, President and CEO of HIVE, recently detailed the company's rapid growth, highlighting a journey that began with just $1 million in revenue as a "proof of concept" before the mainstream explosion of tools like ChatGPT.
“Since 2023, we have scaled the AI business," Kilic stated in a recent interview.
"We quickly scaled that to $10 million of annual revenue to $20 million of annual revenue... Now we are doing $35 million dollars in annual revenue on our AI cloud business which is powered by Nvidia GPUs.”
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Building backbone for AI models
According to Kilic, the current AI revolution, driven by firms like OpenAI and Anthropic, requires massive clusters of specialized computer processors called Graphics Processing Units (GPUs).
He highlighted that the chipmaking giant NVIDIA (Nasdaq: NVDA) is the "most valuable company on the planet," citing a market cap of over $400 trillion.
Since 2023, HIVE has been building and scaling its AI infrastructure.
— HIVE Digital Technologies (@HIVEDigitalTech) April 14, 2026
President & CEO @AydinKilicHIVE breaks down HIVE's journey scaling AI revenue to $250M in 2026.
📺⬇️ pic.twitter.com/yfWpOnatai
Because advanced chips like the flagship NVIDIA GB300 generate extreme heat, they require specialized, liquid-cooled data centers.
HIVE has focused its efforts on building these next-generation facilities. Through its AI subsidiary, Buzz, the company operates a "purpose-built sovereign Canadian cloud."
A strategic partnership with Bell Canada allows HIVE to install its GPU clusters directly into Bell’s Tier III data centers.
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Strategic growth and financial outlook
The company’s recent financial reports support this aggressive expansion.
In February 2026, HIVE signed a two-year, $30 million contract for 504 Nvidia B200 GPUs. This deal is expected to add approximately $15 million in annual recurring revenue (ARR), lifting high-performance computing (HPC) revenue by 75%.
While current revenue sits at $35 million, Kilic noted that the Bell Canada offering is "scaling our AI revenue this year to a quarter billion dollars."
By the final quarter of 2026, HIVE targets an ARR of $140 million for its GPU AI Cloud.
Founded in 2017, HIVE was the first publicly listed company to mine digital assets using green energy.
Today, it operates a "twin-turbo engine" infrastructure, combining Bitcoin mining with GPU-accelerated AI computing to provide sustainable solutions for the digital economy.
