HIVE Digital Technologies reported $79.1 million in revenue for Q1 fiscal 2027, marking a 73.5% year-over-year increase driven mainly by Bitcoin mining and AI segments. Bitcoin mining revenue reached $72.1 million, with 1,004 BTC mined, a 147% rise from last year. The AI-focused BUZZ HPC segment grew 52.1% quarter-over-quarter, contributing $7.1 million, supported by a $110 million contracted GPU cloud annual recurring revenue. Despite a GAAP net loss of $142.9 million due to non-cash items, HIVE posted a positive adjusted EBITDA of $13.4 million and aims to grow its GPU cloud contracts to $200 million by the end of 2026.
Leading Bitcoin mining firms invested $5.1 billion in AI and high-performance computing (HPC) infrastructure in the first half of 2026 but generated only $341 million in related revenue, highlighting a significant 15:1 investment-to-return disparity....
HIVE, known primarily as a Bitcoin miner, has signed a $350 million AI cloud services contract spanning five years with an investment-grade enterprise customer. This deal marks a strategic shift as HIVE diversifies its revenue streams beyond the vola...
