HIVE Digital Technologies Ltd. reported first-quarter fiscal 2027 results for the period ended June 30, 2026, showing total revenue of $79.1 million, a 73.5% year-over-year increase driven by digital currency mining and high-performance computing segments. The company recorded a GAAP net loss of $142.9 million, primarily due to an $84.7 million non-cash provision for contested Swedish VAT liabilities, alongside depreciation and share-based compensation expenses. Adjusted EBITDA turned positive at $13.4 million, while liquidity stood at $208.0 million in cash and equivalents. Contracted GPU Cloud ARR reached approximately $110 million following a three-year, $225 million sovereign AI agreement with Bell AI Fabric supporting Cohere. Additionally, the company issued 9,855,902 common shares via its at-the-market offering for gross proceeds of $31.1 million during the quarter. HIVE Digital Technologies Ltd. operates in the digital asset mining and sustainable data center infrastructure industry.
