Filing Flows › Comparisons › HIVE vs HUT
Hive Digital Technologies vs Hut 8: HIVE and HUT compared
Hive Digital Technologies is the larger company: $79.1M of revenue in its latest quarter (Q1 FY27) against $71.1M for Hut 8 (Q3 2026). Hive Digital Technologies is growing faster (+74% against -15% a year earlier). Hut 8 is more profitable, with an operating margin of 447.7% against -178.6%.
Where the money goes: HIVE and HUT
Hive Digital Technologies (HIVE) · Q1 FY27
Hive Digital Technologies, Q1 FY27: revenue $79.1M (+74% year over year), operating margin -178.6%, net loss $143M, operating cash flow $4.1M. The chart follows the revenue to costs, profit and cash.
Hut 8 (HUT) · Q3 2026
Hut 8, Q3 2026: revenue $71.1M (-15% year over year), operating margin 447.7%, net earnings $131M, operating cash flow $27.8M. The chart follows the revenue to costs, profit and cash.
| Hive Digital Technologies (HIVE) | Hut 8 (HUT) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $79.1M | $71.1M |
| Revenue growth, Y/Y | +74% | -15% |
| Operating margin | -178.6% | 447.7% |
| Net earnings | −$143M | $131M |
| Net margin | -180.6% | 184.4% |
| Operating cash flow | $4.1M | $27.8M |
Where the revenue comes from
Hive Digital Technologies
- Revenue from digital currency mining: $72.1M (91%)
- High performance computing: $7.1M (9%)
Hut 8
- High Performance Computing Colocation and Cloud: $68.4M (96%)
- Digital Infrastructure: $1.4M (2%)
- Power: $1.3M (2%)
Questions
Which is bigger, Hive Digital Technologies or Hut 8?
Hive Digital Technologies is the larger company: $79.1M of revenue in its latest quarter (Q1 FY27) against $71.1M for Hut 8 (Q3 2026).
Is Hive Digital Technologies or Hut 8 growing faster?
Hive Digital Technologies is growing faster (+74% against -15% a year earlier).
Which is more profitable, Hive Digital Technologies or Hut 8?
Hut 8 is more profitable, with an operating margin of 447.7% against -178.6%.
More: Hive Digital Technologies earnings · how Hive Digital Technologies makes money · Hut 8 earnings · how Hut 8 makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 14, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.