HIVE Digital Technologies reports $79.1M in Q1 fiscal 2027 revenue as Bitcoin mining and AI segments surge

HIVE Digital Technologies posted $79.1 million in total revenue for its fiscal first quarter ending June 30, 2026, a figure that represents 73.5% growth year over year and a 10.2% sequential bump from the prior quarter. Where the money is coming from The bulk of HIVE’s revenue still flows from digital currency mining, which contributed $72.1 million to the quarter’s total. That segment grew 76.6% compared to the same period last year and ticked up 7.3% from Q4. HIVE mined 1,004 BTC during the quarter, a 147% year-over-year increase, supported by an average operational hashrate of 24.0 EH/s. The company’s HPC and AI segment, branded as BUZZ HPC, added $7.1 million in revenue. BUZZ HPC revenue jumped 52.1% quarter over quarter and 46.7% year over year, driven by increased demand for GPU deployments. The AI bet is getting serious HIVE now holds approximately $110 million in contracted GPU cloud annual recurring revenue, with a stated target of pushing that figure toward $200 million by the end of calendar year 2026. A major piece of that push is a recently signed agreement with Bell AI Fabric, structured to support the operations of AI company Cohere. That deal is expected to contribu...