HIVE Digital Technologies Ltd. 8K

HIVE Digital Technologies Ltd. announced strong Q1 FY2027 revenue growth and major GPU cloud contract wins but reported a large GAAP net loss driven by an $84.7 million non-cash provision for disputed Swedish VAT liabilities, alongside updates on HPC expansion, power capacity, and ATM share issuances.

On August 15, 2026, HIVE Digital Technologies Ltd. reported results for its first quarter of fiscal 2027 ended June 30, 2026, highlighting a 73.5% year-over-year increase in total revenue to $79.1 million driven by growth in both digital currency mining and high-performance computing operations, expansion of its GPU cloud business including a three-year approximately $225 million sovereign AI agreement with Bell AI Fabric supporting Cohere that lifts contracted GPU Cloud ARR to about $110 million, and a strong liquidity position of $208 million in cash, while also disclosing a GAAP net loss of $142.9 million largely due to non-cash items including an $84.7 million provision for contested Swedish VAT assessments related to its hashrate services operations and detailing continued legal appeals of that tax matter, as well as providing an update on its HPC growth pipeline, power capacity expansion plans, and at-the-market equity sales during the quarter.

Filing Facts

CIK

1720424

Ticker

-

Form

8K

Source Type

sec

Accession

0001062993-26-004447

Alert Tier

7