Earnings Releases·Nov 10, 2026, 7:44 AM ET

HIVE Digital Technologies Ltd. — Q2 FY2027 Earnings Summary

**Financial Performance:** Total revenue reached $84.9 million (up 7.3% sequentially, down 2.7% YoY), driven by a 70.7% YoY surge in HPC revenue to $8.8 million; Adjusted EBITDA rose 85% sequentially to $24.8 million, while GAAP net loss was $78.7 million due to a $31.2 million non-cash equipment impairment and $54.9 million in depreciation.
**Strategic Growth & Capital:** Secured $129 million in financing to fund GPU purchases for a $225 million sovereign AI agreement with Bell AI Fabric and Cohere, while issuing 13.7 million shares via the ATM program for $43.2 million in gross proceeds.
**Future Outlook:** Targets $200 million GPU Cloud ARR by Q4 2026 and $700 million total HPC ARR by year-end 2028; expects energized power capacity to reach 540 MW following a 100 MW addition at Yguazú in Q4 2026.
**Operational Position:** Maintains liquidity of $139.0 million in cash and $22.6 million in digital currencies; contracted GPU Cloud ARR stands at $185 million with healthy pricing trends and a potential $45 million annual revenue opportunity from a new colocation agreement in Sweden.