HIVE Digital Technologies reported Q2 2027 revenue of $84.9 million, down 2.7% year over year but above market estimates. Net loss attributable to common shareholders was $78.7 million, or $0.29 per diluted share; gross profit was $30.2 million and operating loss was $43.1 million. AI GPU and high-performance computing revenue rose 70% to $4.6 million, and the company reported $139 million in cash. HIVE also reported a $0.15 quarterly loss per share, narrower than the Zacks estimate of $0.16, compared with a $0.02 loss per share in the same quarter a year earlier.
Quarterly revenue fell from a year earlier despite growth in high-performance computing hosting, while net loss jumped to $78.7 million.
Read the full storyRevenue beat analyst estimates, but the accounting loss widened and gross operating margin declined as cryptocurrency mining revenue fell and depreciation increased.
Mining revenue declined as the average Bitcoin price fell, while high-performance computing hosting revenue rose and the quarterly loss increased from a year earlier.