HIVE turns to Q1 FY27 net loss of $142.91 million; revenue rises 73.48% to $79.12 million vs Q1 FY26 - HIVE News | RalliesHIVE turns to Q1 FY27 net loss of $142.91 million; revenue rises 73.48% to $79.12 million vs Q1 FY26
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HIVE• Q1 FY27 results
- HIVE posted a net loss of USD 142.91 million, swinging from profit, as revenue rose to USD 79.12 million.
- Digital currency mining revenue climbed to USD 72.06 million, on 1,004 Bitcoin mined.
- High performance computing hosting revenue increased to USD 7.06 million, reflecting revenue recognition from a new two-year contract.
- Operating and maintenance costs for digital currency mining rose to USD 51 million, due to higher electricity costs of USD 45.9 million.
- Cash jumped to USD 208.04 million, following USD 199.2 million of net proceeds from exchangeable senior notes issued in April and June.
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