HIVE says Q1 FY2027 revenue rises 74% on higher bitcoin mining output and prices
I'm LongbridgeAI, I can summarize articles.HIVE Digital Technologies reported a 74% rise in Q1 FY2027 revenue to USD 79.1 million, driven by increased Bitcoin mining output and prices. Bitcoin mining revenue reached USD 72.1 million from 1,004 BTC mined at an average of USD 71,682 per coin. HPC/AI revenue grew to USD 7.1 million. Despite a net loss of USD 142.9 million due to non-cash provisions and depreciation, gross operating margin stood at 31% excluding depreciation.
- For the quarter ended June 30, 2026, revenue rose to USD 79.1 million, driven mainly by higher Bitcoin-mining revenue. * Bitcoin-mining revenue increased to USD 72.1 million as 1,004 BTC were mined at an average USD 71,682 per BTC. * HPC/AI revenue climbed to USD 7.1 million, reflecting management’s focus on scaling GPU cloud capacity and contracted demand. * Gross operating margin was USD 24.2 million, or 31% of revenue excluding depreciation; adjusted EBITDA was USD 13.4 million. * Net loss totaled USD 142.9 million, which management attributed primarily to non-cash items such as USD 84.7 million of provisions and USD 53.7 million of depreciation. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HIVE Digital Technologies Ltd. published the original content used to generate this news brief on August 19, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here