HIVE Reports Q1 FY2027 Revenue of $79.1M, Contracted GPU Cloud ARR Reaches $110M
HIVE sits 73% above its 52-week low of $1.73.
Summary
HIVE Digital Technologies reported Q1 FY2027 revenue of $79.1 million, up 73.5% year-over-year, with contracted GPU Cloud ARR reaching approximately $110 million. The company's GAAP net loss of $142.9 million was driven by non-cash charges, while Adjusted EBITDA was positive at $13.4 million.
Key Events · Earnings and Guidance · HIVE
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Q1 FY2027 Revenue Up 73.5%
Total revenue reached $79.1 million, up 73.5% year-over-year and 10.2% sequentially, driven by strong performance in both digital currency mining ($72.1M) and high-performance computing ($7.1M).
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Contracted GPU Cloud ARR Reaches $110M
HIVE increased its active and contracted GPU Cloud ARR to approximately $110 million, including a $75 million contribution from the Bell AI Fabric agreement supporting Cohere, with a target of $200 million by Q4 2026.
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GAAP Net Loss Driven by Non-Cash Charges
The company reported a GAAP net loss of $142.9 million, primarily due to non-cash items: an $84.7 million Swedish VAT provision, $53.7 million depreciation, $7.1 million share-based compensation, and a $7.1 million change in fair value of derivatives.
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Adjusted EBITDA Positive at $13.4M
Adjusted EBITDA was $13.4 million, or 17.0% of total revenue, compared to a negative $8.98 million in the prior quarter, reflecting improved operating performance.
Analysis · HIVE · Crypto Assets
HIVE Digital Technologies reported strong Q1 FY2027 results with revenue up 73.5% year-over-year to $79.1 million, driven by both digital currency mining and high-performance computing. The company's contracted GPU Cloud ARR reached approximately $110 million, including a $75 million contribution from the Bell AI Fabric agreement supporting Cohere. Despite a GAAP net loss of $142.9 million, the loss was primarily due to non-cash charges including an $84.7 million Swedish VAT provision. Adjusted EBITDA was positive at $13.4 million, and the company ended the quarter with $208 million in cash. The company also disclosed ATM sales of 9.86 million shares for $31.1 million in gross proceeds. This filing provides material new details on the company's operational performance and growth trajectory, particularly in its HPC and AI infrastructure segment.
At the time of this filing, HIVE was trading at $2.99 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $736.1M. The 52-week trading range was $1.73 to $7.84. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.