HIVE Digital posts $79.1 million fiscal Q1 2027 revenue, up 73.5% year over year
HIVE Digital reported fiscal Q1 2027 revenue of $79.1 million, up 73.5% from a year earlier. Bitcoin mining revenue rose 77% to $72.1 million as the company produced 1,004 bitcoin and averaged 24.0 EH/s of hash rate. Its AI unit BUZZ generated $7.1 million in revenue, up 52% quarter over quarter, supported by a new NVIDIA GPU cluster in Manitoba. The company has raised $100 million for GPU purchases and data center expansion and is targeting $200 million in AI revenue by the end of 2026.