Beehive Data Technology
Beehive Data Technology, founded in 2017, is a global leader in sustainable data center infrastructure, specializing in digital currency mining and high-performance computing (HPC) hosting services.
Profile
Beehive Data Technology operates sustainable data centers for digital currency mining and high-performance computing hosting.
Beehive Data Technology, founded in 2017, is a global leader in sustainable data center infrastructure, specializing in digital currency mining and high-performance computing (HPC) hosting services. The company operates next-generation Tier-1 and Tier-3 data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and GPU-accelerated AI computing clients. In FY2026, Beehive achieved total revenue of $297.8 million, a 158% year-over-year increase, driven by a significant expansion in digital currency mining and HPC services.
The company mined 2,885 Bitcoin during the fiscal year, up 104% from the previous year, and generated $19.5 million from its BUZZ HPC business, which saw a 94% increase in revenue. Despite a GAAP net loss of $148.4 million, largely due to non-cash depreciation charges, Beehive’s gross operating margins expanded to 36%, reflecting operational leverage from its 300 MW Paraguay expansion. The company’s asset-heavy expansion is funded externally, with financing inflows of $181M offsetting investing outflows, while operating cash flow remains positive due to substantial depreciation charges. Beehive’s current ratio of 1.10 indicates tight liquidity, but its balance sheet remains equity-funded, reducing creditor pressure.
Who buys this
- Bitcoin miners
- AI computing clients
- High-performance computing users
- Renewable energy-focused enterprises
Strengths and what to watch
Strengths
- Significant revenue growth in digital currency mining and HPC services
- Strong operational leverage from the Paraguay expansion
- Equity-funded balance sheet reducing creditor pressure
Watch for
- Tight liquidity with a current ratio of 1.10
- Negative gross margin despite positive operating cash flow
- High dependence on external financing for expansion
Recent moves
Key Information
- Founded
- 2017
Frequently Asked Questions
What does Beehive Data Technology do?
Beehive operates sustainable data centers specializing in Bitcoin mining and high-performance computing hosting. Founded in 2017, it runs Tier-1 and Tier-3 facilities across Canada, Sweden, and Paraguay, serving cryptocurrency miners and AI computing clients with renewable energy solutions.
How sustainable are Beehive's data centers?
Beehive focuses on sustainable operations across its global facilities, particularly leveraging renewable energy in Paraguay. Their 300 MW expansion there improved operational leverage, though financial reports show tight liquidity with a current ratio of 1.10 despite positive operating cash flow.
How much Bitcoin does Beehive mine annually?
In FY2026, Beehive mined 2,885 Bitcoin, a 104% increase from the previous year. This contributed to $297.8 million total revenue, with digital currency mining driving most growth alongside their HPC services, which generated $19.5 million.
What are Beehive's main financial challenges?
Despite 158% revenue growth, Beehive reported a $148.4M GAAP net loss due to depreciation charges. The company relies on external financing for expansion, with $181M funding inflows offsetting investments, while maintaining an equity-funded balance sheet to reduce creditor pressure.
Who uses Beehive's high-performance computing services?
Beehive's BUZZ HPC division serves AI computing clients and enterprises needing GPU-accelerated processing. This segment grew 94% to $19.5M revenue in FY2026, complementing their core Bitcoin mining operations across three countries.
Where are Beehive's data centers located?
Beehive operates Tier-1 and Tier-3 facilities in Canada, Sweden, and Paraguay. The Paraguay expansion added 300 MW capacity, significantly boosting operational leverage. These locations were chosen for renewable energy access to support sustainable Bitcoin mining and HPC operations.
Sources
- www.hivedigitaltechnologies.com — FY2026 financial highlights and revenue growth
- www.macrotrends.net — Historical financial data and trends
- www.newsfilecorp.com — Announcement of fiscal Q3 2026 financial results
- www.stocktitan.net — Financial health signals and key metrics