HIVE Reports Q2 Revenue of $84.9 Million with AI GPU Revenue Expanding 70% as Dual-Engine Model Drives Resilience with $139 Million in Cash on the Balance Sheet

HIVE Digital Technologies reported Q2 fiscal 2027 results for the period ended September 30, 2026, posting revenue of $84.9 million. That represents a 7.3% increase sequentially but a 2.7% decline year over year. The company said BUZZ HPC revenue jumped 70.7% year over year to $8.8 million, while gross operating margin rose to $30.2 million (35.6% of revenue). Adjusted EBITDA was $24.8 million, or 29.2% of revenue. On a GAAP basis, HIVE recorded a net loss of $78 million, including $54.9 million of depreciation and a $31.2 million non-cash impairment of mining equipment. The release highlights an AI push, supported by deployment of an NVIDIA B200 GPU cluster at its Manitoba, Canada, site.