HIVE Digital Technologies reported a 73.5% year-over-year revenue increase to $79.1 million in Q1 FY2027, fueled by higher Bitcoin production and expanding high-performance computing (HPC) services. The company received 1,004 Bitcoin rewards, a 147% rise from last year, and grew HPC revenue by 46.7% due to new GPU deployments and strong demand. Despite a GAAP net loss of $142.9 million mainly from non-cash charges including an $84.7 million VAT provision in Sweden, adjusted EBITDA was positive at $13.4 million. HIVE aims to reach $200 million in GPU Cloud annual recurring revenue by late 2026, supported by a major AI contract and expanding data center capacity.
Technical analyst Katie Stockton of Fairlead Strategies indicates that Bitcoin may have reached a major low after nearing $60,000, based on rare long-term oversold signals from key indicators. This suggests the recent price decline might be ending, w...
SpaceX reported a 92% year-over-year revenue increase in Q2 to $7.81 billion, but its capital expenditures surged to $18.37 billion, largely driven by $15.83 billion spent on AI infrastructure. The company faces challenges as Starlink's average reven...
The optical industry's two largest laser chip suppliers, Lumentum Holdings and Coherent Corp., confirmed a severe supply shortage driven by rising demand for AI-related optical solutions. This shortage is causing major customers to seek alternative s...
Multicoin Capital has invested over $100 million in Hyperliquid's native token, HYPE, highlighting strong institutional confidence in the Layer 1 blockchain's business model. Hyperliquid operates a decentralized perpetual futures exchange and aims to...
Chinese robot maker Unitree is going public with an IPO valuation of about $9 billion at 150.80 yuan ($22.37) per share on the Shanghai STAR Market. However, pre-IPO perpetual futures traded on Hyperliquid value the company at nearly $38 billion, ove...
