HIVE Digital Q2 Net Loss Hits $78.7M as Mining Revenue Falls, AI Grows

TL;DR HIVE reported a Q2 FY2027 net loss of $78.7 million, with $54.9 million in depreciation and a $31.2 million non-cash mining-equipment impairment weighing on results. Revenue reached $84.9 million, down 2.7% year over year, while digital currency revenue fell 7.4% and BUZZ HPC revenue jumped 70.7%. Adjusted EBITDA remained positive at $24.8 million, while HIVE ended September with $139 million in cash and $185 million in contracted GPU Cloud ARR. HIVE Digital Technologies reported a GAAP net loss of $78.7 million for fiscal Q2 2027, ended September 30. According to the official results , revenue reached $84.9 million, up 7.3% quarter over quarter but down 2.7% year over year. The quarter combined improving sequential operations with non-cash charges that pushed HIVE into a net loss.

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