HIVE Digital Technologies stock: Q2 revenue reaches 84.9 million dollars

HIVE Digital Technologies reported its fiscal second-quarter 2027 results on Tuesday, November 10, for the period ended September 30, 2026. The release, carried by wallstreetONLINE, said revenue rose 7.3 percent sequentially to 84.9 million US dollars but declined 2.7 percent year over year.

AI Revenue Expands Alongside Mining

High-performance computing revenue increased 25.3 percent from the prior quarter and 70.7 percent from a year earlier to 8.8 million US dollars. HIVE attributed the expansion primarily to an NVIDIA B200 GPU cluster in Manitoba and continued demand across GPU marketplaces.

Digital currency revenue reached 76.0 million US dollars, down 7.4 percent year over year. The company said it received 1,070 Bitcoin in rewards during the quarter, compared with 1,004 in the preceding quarter.

Loss Reflects Heavy Non-Cash Charges

Gross operating margin increased to 30.2 million US dollars, or 35.6 percent of revenue, from 30.6 percent in the prior quarter. Adjusted EBITDA rose 85 percent sequentially to 24.8 million US dollars.

HIVE nevertheless 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 derivative fair-value loss.

Contracted Capacity Sets Next Milestone

HIVE said live GPU cloud annualized revenue was about 40 million US dollars, while contracted GPU cloud annualized revenue reached about 185 million US dollars. The contracted figure includes capacity that has not entered service and therefore does not equal recognized revenue.

The company is targeting about 200 million US dollars of GPU cloud annualized revenue by the fourth quarter of calendar 2026. The target depends on financing, deployment schedules, market conditions and customer acceptance. HIVE ended the quarter with 139.0 million US dollars in cash and cash equivalents plus 22.6 million US dollars in digital currencies.

Evening Trading Shows Fresh Pressure

HIVE Digital Technologies stock traded at 1.54 euros on Lang & Schwarz at 22:04 CET on Tuesday, November 10, 2026.

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