HIVE says Q1 FY2027 revenue rises 74% on higher bitcoin mining output and prices
Reuters2026/08/19 17:27- For the quarter ended June 30, 2026, revenue rose to USD 79.1 million, driven mainly by higher Bitcoin-mining revenue.
- Bitcoin-mining revenue increased to USD 72.1 million as 1,004 BTC were mined at an average USD 71,682 per BTC.
- HPC/AI revenue climbed to USD 7.1 million, reflecting management’s focus on scaling GPU cloud capacity and contracted demand.
- Gross operating margin was USD 24.2 million, or 31% of revenue excluding depreciation; adjusted EBITDA was USD 13.4 million.
- Net loss totaled USD 142.9 million, which management attributed primarily to non-cash items such as USD 84.7 million of provisions and USD 53.7 million of depreciation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Valuation exceeds 16 billions USD! "AI Ring" Oura could launch IPO as early as September
Smart ring leader Oura is expected to file for a US IPO as early as September, targeting a valuation of over $16 billion, a 45% surge from its Series E round valuation less than a year ago. Its confidence stems from impressive growth—sales doubled in 15 months, and revenue is projected to reach $1.5 billion in 2026, three times the figure for 2024. However, with Apple and Samsung entering the market, whether Oura can maintain its first-mover advantage will be the industry's biggest focus.
Novo Resources highlights A$38 million funding runway in investor presentation
2-Yr Benchmark Govt Yields - Germany vs Other Nations
2-Yr Benchmark Govt Yields - U.S. vs Other Nations
Crypto prices
More
