HIVE Reports $84.9M Revenue as AI GPU Business Grows 71% Amid Mining Pressures
Summary
HIVE Digital reported $84.9 million in fiscal second-quarter revenue, including $8.8 million from its BUZZ GPU business, up 70.7% year over year. It had about $139 million in cash but posted a roughly $78 million net loss, including a $31.2 million mining-equipment impairment. The results highlight rapid growth in AI computing alongside continued mining pressures and the costs of shifting toward GPU services. Future performance will depend on AI revenue and margins, mining economics, liquidity and ongoing investment needs.
