HIVE Digital Technologies stock: AI revenue jumps 71% in Q2

Published on 11/13/2026 at 22:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HIVE Digital Technologies stock follows quarterly revenue of 84.9 million US dollars and a stronger AI business. GAAP charges drove a 78.7 million US dollar loss.

AI Growth Meets Mining Charges

Second-quarter revenue rose sequentially to 84.9 million US dollars, while remaining below the year-earlier level.
BUZZ HPC revenue grew 70.7 percent year over year to 8.8 million US dollars.
Adjusted EBITDA improved sharply, but depreciation and an equipment impairment drove a substantial GAAP net loss.

HIVE, CA4339211035, Illustration mit AI erstellt.

HIVE Digital Technologies reported its fiscal second-quarter 2027 results on Monday, November 9, with revenue rising sequentially as its AI computing business expanded. The company said in its Q2 results release that revenue reached 84.9 million US dollars for the three months ended September 30, 2026.

AI Revenue Gains Momentum

Revenue increased 7.3 percent from the preceding quarter but declined 2.7 percent from a year earlier. Digital currency revenue contributed 76.0 million US dollars, while BUZZ high-performance computing revenue rose 70.7 percent year over year to 8.8 million US dollars.

HIVE attributed the HPC expansion mainly to the deployment of an NVIDIA B200 GPU cluster at its Manitoba facility and demand across GPU marketplaces. Gross operating margin reached 30.2 million US dollars, or 35.6 percent of revenue, compared with 24.2 million US dollars in the first quarter. Adjusted EBITDA rose to 24.8 million US dollars.

Non-Cash Charges Weigh On Results

The company reported a GAAP net loss of 78.7 million US dollars. The result included 54.9 million US dollars of depreciation, a 31.2 million US dollar impairment of mining equipment, 8.6 million US dollars of share-based compensation and a 7.3 million US dollar change in the fair value of derivatives.

HIVE ended September with 139.0 million US dollars in cash and cash equivalents plus 22.6 million US dollars in digital currencies. Management said live GPU cloud annualized run-rate revenue was approximately 40 million US dollars, while contracted GPU cloud annualized run-rate revenue reached approximately 185 million US dollars.

HIVE Digital Technologies stock traded at 1.41 euros on Lang & Schwarz at 22:49 CET on Friday, November 13, 2026.