HIVE Revenue Jumps 73% YoY as Crypto Mining Strengthens

HIVE Digital Technologies Ltd (HIVE) has reported strong financials for Q1 2027, with revenue growing 73% year-over-year to $79.1 million.

The company's Bitcoin mining and HPC/AI segments both saw significant gains, contributing to the overall increase in revenue.

HIVE also announced a major contract win, securing $180 million in contracted GPU cloud revenue for rapid growth.

Despite the positive revenue growth, adjusted EBITDA returned to positive territory, while a large non-cash Swedish VAT provision drove a net loss.