HIVE Digital Revenue Jumps 74% But Swedish Tax Charge Drives Net Loss

3-line summary

• HIVE Digital Technologies reported total revenue of $79.1 million for its fiscal first quarter ended June 30, 2026, up 73.5% from a year earlier, with $72.1 million from bitcoin mining (up nearly 77%) after it earned 1,004 bitcoin during the quarter, up 147% year over year, according to a Yahoo Finance report.
• The company's AI-focused BUZZ business brought in $7.1 million, up 52% from the prior quarter, helped by a new Nvidia GPU cluster at its Manitoba, Canada site; average operational hash rate expanded to 24.0 EH/s from 8.7 EH/s.
• Despite the revenue gains, HIVE reported a net loss of $142.9 million, driven mainly by an $84.7 million non-cash provision related to a contested value-added tax assessment from Swedish authorities, which the company said it is appealing.

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