HIVE Digital Forecasts Q1 EPS Loss, Unveils C$3.5B AI Gigafactory Plan
HIVE•HIVE Digital expects a Q1 EPS loss of $0.21 on roughly $80 million revenue as it pivots from Bitcoin mining to AI infrastructure. The balance sheet shows a debt-to-equity ratio of 0.03 and a current ratio of 1.74, while planning a C$3.5 billion, 320 MW AI gigafactory in Toronto.
1. Strategic Pivot to AI Infrastructure
HIVE Digital is transitioning from its historical focus on Bitcoin mining to developing AI infrastructure through its BUZZ cloud subsidiary and a strategic partnership with Bell Canada to support enterprise AI workloads.
2. Q1 Financial Forecasts
For the quarter ending June 1, HIVE expects an EPS loss of $0.21 on approximately $80 million in revenue, reflecting heavy investment in AI operations and a negative price-to-earnings ratio of -14.43 over the last year.
3. Gigafactory Plan
The company has outlined a C$3.5 billion AI gigafactory project in Toronto featuring 320 MW of power capacity and more than 100,000 high-performance GPUs to scale its AI service offerings.
4. Balance Sheet Strength
HIVE’s balance sheet remains solid, with a debt-to-equity ratio of 0.03 indicating minimal leverage and a current ratio of 1.74 demonstrating sufficient liquidity to cover short-term obligations.
