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Hive Digital Technologies vs Terawulf: HIVE and WULF compared
Hive Digital Technologies is the larger company: $79.1M of revenue in its latest quarter (Q1 FY27) against $76.2M for Terawulf (Q3 2026). Hive Digital Technologies is growing faster (+74% against +51% a year earlier). Terawulf is more profitable, with an operating margin of -115.7% against -178.6%.
Where the money goes: HIVE and WULF
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.
Terawulf (WULF) · Q3 2026
Terawulf, Q3 2026: revenue $76.2M (+51% year over year), operating margin -115.7%, net earnings $710M, operating cash flow −$24.6M. The chart follows the revenue to costs, profit and cash.
| Hive Digital Technologies (HIVE) | Terawulf (WULF) | |
|---|---|---|
| Latest quarter | Q1 FY27 | Q3 2026 |
| Revenue | $79.1M | $76.2M |
| Revenue growth, Y/Y | +74% | +51% |
| Operating margin | -178.6% | -115.7% |
| Net earnings | −$143M | $710M |
| Net margin | -180.6% | 930.8% |
| Operating cash flow | $4.1M | −$24.6M |
Where the revenue comes from
Hive Digital Technologies
- Revenue from digital currency mining: $72.1M (91%)
- High performance computing: $7.1M (9%)
Questions
Which is bigger, Hive Digital Technologies or Terawulf?
Hive Digital Technologies is the larger company: $79.1M of revenue in its latest quarter (Q1 FY27) against $76.2M for Terawulf (Q3 2026).
Is Hive Digital Technologies or Terawulf growing faster?
Hive Digital Technologies is growing faster (+74% against +51% a year earlier).
Which is more profitable, Hive Digital Technologies or Terawulf?
Terawulf is more profitable, with an operating margin of -115.7% against -178.6%.
More: Hive Digital Technologies earnings · how Hive Digital Technologies makes money · Terawulf earnings · how Terawulf makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 14, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.