HIVE Digital Technologies Reports $85 Million Revenue and Outlines $200 Million GPU Cloud ARR Target
HIVE Digital Technologies reported a strong second quarter for fiscal 2027, generating approximately $85 million in total revenue. Of this amount, Bitcoin mining accounted for the vast majority at $76 million. The company also reported an adjusted EBITDA of $24.8 million during the period. Looking forward, CEO Aydin Kilic highlighted a strategic pivot toward high-performance computing, setting an ambitious target to reach $200 million in Annual Recurring Revenue (ARR) from its GPU cloud services by the end of the year. This transition underscores HIVE's efforts to diversify its revenue streams beyond cryptocurrency mining into the growing AI infrastructure market.
Tickers: $HIVE
Topics: bitcoin mining earnings fiscal results revenue