HIVE reports $79.1M Q1 FY2027 revenue, with $72.1M from Bitcoin mining and $7.1M from HPC/AI
HIVE reported Q1 FY2027 revenue of $79.1M, up 74% YoY, driven primarily by $72.1M from Bitcoin mining and $7.1M from HPC/AI (up 52% QoQ). The results signal strong operational momentum and improving diversification into compute workloads. Attention now shifts to the 8/17 earnings call for margin, hash-rate, and capex guidance that could affect mining-sector positioning.
AI Insight · HIVE/USDTAI Insight
▲ Bullish
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HIVE reported $79.1M in revenue for the first quarter of fiscal 2027, up 74% year over year. Bitcoin mining generated $72.1M of that total. HPC/AI contributed $7.1M in revenue, up 52% quarter over quarter. The company will provide full results on its Q1 FY2027 earnings call at 8:00 AM ET on Monday, 8/17.