Crypto
HIVE Digital Technologies Reports Strong Q1 FY27 Earnings
HIVE Digital Technologies is executing a turnaround, driven by strong growth in its BUZZ HPC AI cloud business and expanding Bitcoin mining operations.
The company reported Q1 FY27 revenue rose 73.5% year-over-year to $79.1 million, with a gross margin improving to 30.6% and adjusted EBITDA swinging positive to $13.4 million.
BUZZ HPC contracted GPU cloud Annual Recurring Revenue (ARR) surged to ~$180 million, with a new $350 million, five-year customer deal underpinning future revenue and margin expansion.