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HIVE posts $79.1 million in Q1 FY2027 revenue as contracted GPU cloud ARR reaches about $110 million

AI Market Summary
HIVE reported strong Q1 FY2027 revenue growth (+73.5% YoY) driven by higher Bitcoin production and expanding hashrate, while its BUZZ HPC segment accelerated and contracted GPU Cloud ARR reached ~$110M. However, a large GAAP net loss was dominated by non-cash items, notably an $84.7M Swedish VAT provision, highlighting regulatory and legal overhang risk. Near-term focus shifts to execution of AI/HPC deployments and dispute resolution.
Impact level
● Medium
Affected assets
HIVE/USDT-2.33%
AI Insight · HIVE/USDTAI Insight
● Neutral
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HIVE Digital Technologies reported $79.1 million in revenue for the first quarter of fiscal 2027, up 73.5% year over year. Digital currency mining revenue rose 76.6% to $72.1 million, supported by a 147% increase in Bitcoin production to 1,004 and an expansion in average hashrate to 24.0 EH/s. The company said its high-value compute cloud business had contracted ARR of about $110 million. Gross margin was 30.6%, while SG&A fell to $9.0 million.
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