HIVE Digital Technologies posts Q1 FY2027 revenue $79.1M; Adjusted EBITDA $13.4M
I'm LongbridgeAI, I can summarize articles.HIVE Digital Technologies reported Q1 FY2027 revenue of $79.1M, up 73.5% YoY, and returned to positive Adjusted EBITDA of $13.4M. Despite a GAAP net loss of $142.9M driven by an $84.7M non-cash provision for Swedish VAT assessments, the company holds $208.0M in cash. Key highlights include $72.1M in digital currency revenue, $7.1M in HPC revenue, and a GPU Cloud contracted ARR of ~$110M. The firm also signed an LOI for ~$45M annual colocation revenue in Sweden.
HIVE Digital Technologies reported Q1 fiscal 2027 revenue of $79.1 million, up 73.5% year-over-year, and returned to positive Adjusted EBITDA of $13.4 million. The company recorded a GAAP net loss of $142.9 million driven largely by a non-cash $84.7 million provision for contested Swedish VAT assessments and significant depreciation. HIVE ended the quarter with $208.0 million in cash and cash equivalents and $11.2 million in digital currencies.
Financial Highlights
- Total revenue: $79.1 million for Q1 FY2027 (up 73.5% year-over-year).
- Gross operating margin: $24.2 million (30.6% of revenue) as disclosed.
- Adjusted EBITDA: $13.4 million (17.0% of total revenue) for the quarter.
- GAAP net loss: $(142.9) million for the quarter, reflecting non-cash charges including an $84.7 million provision for regulatory liabilities.
- Liquidity: Cash and cash equivalents of $208.0 million and digital currencies of $11.2 million as of June 30, 2026.
Business Highlights
- Digital currency operations: Digital currency revenue was $72.1 million, supported by expanded operational hashrate and higher Bitcoin production during the quarter.
- HPC growth: BUZZ high-performance computing revenue reached $7.1 million, with sequential growth driven by deployment of an NVIDIA B200 GB200 GPU cluster at the Manitoba site and strong marketplace demand.
- GPU Cloud contracted ARR: Active and contracted GPU Cloud annual run-rate revenue increased to approximately $110 million, including a ~3‑year sovereign AI agreement with Bell AI Fabric supporting Cohere for deployment of 2,304 GB200 NVL72 GPUs.
- HPC pipeline and colocation: Signed an LOI for long-term colocation at the 32 MW Big Boden facility in Sweden, representing ~ $45 million potential annual colocation revenue; total HPC ARR pipeline approximated $155 million.
- Capacity and deployment flexibility: Operates ~440 MW of global power capacity with expected energized footprint to reach ~540 MW following planned energization of an additional 100 MW PPA at Yguazú, leaving unallocated capacity to deploy across hashrate, AI and HPC workloads.
Original SEC Filing: HIVE Digital Technologies Ltd. [ HIVE ] - 8-K - Aug. 17, 2026