HIVE Digital Reports Q2 2027 Revenue Growth Driven by HPC and Bitcoin Mining
HIVE Digital reported second quarter fiscal 2027 revenue of $84.9 million, a 7.3% sequential increase fueled by growth in both digital currency mining and high-performance computing (HPC) services. While digital currency revenue rose to $76 million due to increased Bitcoin production, the company's HPC and AI segment saw significant year-over-year growth of 70.7%, supported by the deployment of NVIDIA B200 GPU clusters. Despite strong operational performance and an 85% sequential increase in adjusted EBITDA to $24.8 million, HIVE reported a GAAP net loss of $78.7 million. This loss was largely driven by a $31.2 million non-cash impairment charge on mining equipment and $54.9 million in depreciation. The company is aggressively expanding its HPC footprint, targeting a combined annual recurring revenue (ARR) of $500 million by early 2027.
Coverage
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