HIVE Digital Technologies Reports Q2 Revenue Beat Amid EPS Miss
HIVE Digital Technologies reported second-quarter financial results characterized by a divergence between top and bottom lines. While the company achieved revenue of $84.88 million, surpassing analyst expectations by $5.92 million, it missed GAAP earnings per share (EPS) estimates with a loss of $0.29 per share, falling short by $0.11. The report highlighted significant growth in the high-performance computing (HPC) segment, specifically BUZZ HPC, which saw revenue surge 70.7% year-over-year to $8.8 million. Despite a slight year-over-year decline in total revenue of 2.7%, gross operating margins improved to $30.2 million, representing 35.6% of total revenue.
Tickers: $HIVE
Topics: earnings miss gross margin HPC revenue growth revenue beat