HIVE Digital says average daily revenue exceeded $1 million; names Mark Volk SVP Revenue
HIVE Digital Technologies said on September 10, 2026 that its estimated average daily revenue from hashrate and GPU services exceeded approximately $1 million per day, based on preliminary, unaudited information. It also appointed Mark Volk as Senior Vice President, Revenue of its subsidiary BUZZ High Performance Computing, and said it plans to wind down Bitcoin mining at its Swedish facilities to repurpose that infrastructure toward HPC and AI uses.
Key points
- Estimated average daily revenue exceeded approximately $1 million since August 21, 2026; the company says this is not a forecast and has not been through its normal quarter-end closing procedures.
- GPU cloud operations generated approximately $100,000 in average daily revenue, and the company reports closing more than $600 million in total contract value year to date.
- Swedish Bitcoin mining represented less than 5% of global daily revenue during August; the company intends to wind it down.
- Mark Volk, a former HPE and IBM executive who has consulted for the company for about nine months, reports to Craig Tavares, President and COO of BUZZ HPC.
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 15, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.