HIVE Digital Technologies Ltd. — Q2 FY2027 Earnings Summary

HIVE Digital Technologies Ltd. reported Q2 fiscal 2027 revenue of $84.9 million, driven by a 70.7% year-over-year increase in high-performance computing revenue to $8.8 million. The company achieved a gross operating margin of 35.6% and reported adjusted EBITDA of $24.8 million, while recording a GAAP net loss of $78.7 million due to significant non-cash charges including depreciation and equipment impairment. HIVE maintains a dual-engine business model combining Bitcoin mining with AI infrastructure, holding $139 million in cash and $22.6 million in digital currencies as of September 30, 2026. The firm has secured approximately $185 million in contracted GPU Cloud annualized run rate revenue, including major agreements with Bell AI Fabric and an investment-grade enterprise customer.