HIVE Digital Technologies Ltd. Q1 FY2027 Earnings Call
· Earnings call transcript and AI-powered summary
HIVE Digital Technologies Fiscal Q1 2027 Earnings Summary
Quarter Ended: June 30, 2026 (Fiscal Q1 2027)
Financial Highlights
- Revenue: $79.1 million, +73% year-over-year (vs. $45.6M in Q1 FY2026) and +10% quarter-over-quarter (vs. $71.8M in Q4 FY2026). Bitcoin mining contributed $72.1M (90%); HPC/AI contributed $7.1M (10%).
- Gross Operating Margin: $24.2 million, +53% YoY (vs. $15.8M) and +38% QoQ (vs. $17.5M). Margin as % of revenue: 31% (vs. 35% YoY; improved from 24% QoQ).
- Earnings from Operations: $15.2 million, +86% QoQ and +50% YoY. Reflects strong scaling in Paraguay despite Bitcoin price volatility.
- Adjusted EBITDA: $13.4 million (positive; vs. negative $9M in Q4 and $44.6M in prior year quarter). Reported EBITDA was negative $86.3M due to non-cash items.
- GAAP Net Loss: $142.9 million (vs. net income of $35M YoY), primarily driven by $53.7M depreciation and $84.7M non-cash Swedish VAT tax provision. Basic loss per share: $0.54.
- Bitcoin Produced: 1,004 BTC equivalent.
- Cash Position: $208 million (vs. ~$23M at March 31). Total current assets: ~$280M; current liabilities: ~$143M. Liquidity strengthened via $245M in 0% coupon exchangeable notes (April/June) and ATM proceeds.
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