HIVE Digital Technologies Ltd.
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Range $5.5 – $8
Price Chart
About the company
HIVE Digital Technologies Ltd. is a technology company focused on building and operating data centers in Bermuda, exclusively powered by green energy. The firm's operations encompass the mining and subsequent sale of digital currencies, as well as providing performance computing hosting services.
- CEO
- Aydin Kilic
- IPO
- 2011
- Employees
- 29
- HQ
- San Antonio, TX, US
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- Market Cap
- $856.49M
- P/E
- -2.25
- PEG
- 0.02
- P/S
- 2.60
- P/B
- 1.97
- EV/EBITDA
- -4.70
- Div Yield
- 0.00%
- Gross Margin
- -32.52%
- Op Margin
- -60.70%
- Net Margin
- -99.37%
- ROE
- -61.28%
- ROIC
- -25.13%
Latest fiscal year · YoY change
- Revenue
- $297.79M+158.3%
- Gross Profit
- $-62,528,000-348.6%
- Op Income
- $-119,768,000
- Net Income
- $-148,448,000-4854.9%
- EPS
- $-0.66-2720.5%
- OCF Growth
- +272.4%
- FCF Growth
- +32.2%
- 52W High
- $7.84
- 52W Low
- $1.73
- 50D MA
- $3.29
- 200D MA
- $3.00
- Beta
- 3.80
- RSI (14)
- 54
- Avg Volume
- 26.51M
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
HIVE reported higher revenue, improved operating margins, and positive adjusted EBITDA, but GAAP results were weighed down by a large noncash Swedish tax provision and depreciation.· August 17, 2026
- Revenue rose to $79.1 million, up from $45.6 million a year ago, driven mainly by Bitcoin mining with HPC still a smaller but growing contributor.
- Gross operating margin increased to $24.2 million from $15.8 million last year, and adjusted EBITDA returned to $13.4 million.
- GAAP net loss was $142.9 million, largely because of an $84.7 million Swedish VAT-related provision and $53.7 million of depreciation.
- Management said HPC momentum is accelerating: current GPU cloud ARR is about $35 million, with $180 million of contracted revenue and a path to $200 million by year-end.
- Cash and liquidity strengthened materially, with $208 million of cash at June 30 versus about $23 million at March 31.
For fiscal Q1 2027, HIVE reported revenue of $79.1 million versus $45.6 million in the prior-year quarter, up about 73% year over year. Gross operating margin was $24.2 million versus $15.8 million a year ago, and adjusted EBITDA was $13.4 million versus $44.6 million last year. GAAP net loss was $142.9 million, reflecting an $84.7 million noncash Swedish VAT provision, $53.7 million of depreciation, $7.1 million of share-based compensation, and fair value adjustments. Sequentially, revenue rose about 10% from $71.8 million, gross operating margin increased from $17.5 million, and adjusted EBITDA improved from negative $9 million. Management did not provide formal next-quarter revenue or EPS guidance, but said GPU cloud ARR is about $35 million today, contracted revenue is $180 million, and the company is still targeting $200 million ARR by year-end; it also flagged a Boden HPC colo LOI that could add $45 million ARR if finalized.
Aydin Kilic framed the quarter as evidence that HIVE’s dual-engine strategy is working: Bitcoin mining remains the cash engine today, while HPC is becoming a larger growth driver. He emphasized that the company is scaling from a roughly $20 million ARR GPU cloud run rate to $35 million today, with more growth expected as the Bell Merritt GB300 deployment and other contracts come online. His tone was upbeat and operationally focused, repeatedly pointing to cash generation, contracted revenue, and financing discipline.
Darcy Daubaras highlighted that the quarter was strong operationally despite the GAAP loss. He cited $79.1 million of revenue, $24.2 million of gross operating margin, positive adjusted EBITDA of $13.4 million, and $208 million of cash at June 30 versus about $23 million at March 31. He also noted approximately $280 million of current assets against about $143 million of current liabilities, and said the cash build was driven by the exchangeable senior note offerings and ATM proceeds. The Swedish matter remained the key noncash drag, with an $84.7 million provision and $53.7 million of depreciation.
In the main analyst question, Joe Vafi asked about the economics and financing of the new 5-year GPU cloud deal, including implied IRR and remaining capital stack needs. Aydin Kilic said CapEx is about $185 million for the cluster, EBITDA should land in the 75% to 80% range, and the GPUs could be paid off in about 3 years, implying roughly a 1.6x return; he also said about 20% of GPU cost is being put down and that the recent converts helped secure purchase orders. Vafi then asked about the next steps in Paraguay, but the transcript cuts off before management’s full answer.
The call suggested HIVE is getting leverage from both sides of the business: Bitcoin mining cash flow is still strong, while HPC is moving from a small base to meaningful contracted revenue. Management said it now has $180 million of active and contracted GPU cloud revenue, a $35 million current run rate, and a path to $200 million by year-end, with additional upside from the Boden colo opportunity. They also stressed strong liquidity and funding access, with $208 million of cash and recent 0% coupon financings to support expansion.
The biggest overhang remains the Swedish VAT dispute, which drove an $84.7 million noncash provision and a large GAAP loss this quarter. Management also acknowledged pressure from Bitcoin mining economics, including lower hash price and difficulty dynamics, even though they said operations remained profitable on a cash basis. On the growth side, several of the higher-value HPC and colo projects are still in the build or LOI stage, so some of the revenue targets depend on future deployments and contract finalization.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 96.6%
- Shares Outstanding
- 273.64M
- Float Shares
- 264.45M
of shares held by institutions
139 13F filers
Buy/sell ratio 0.67. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Invesco Ltd. | 17.04M | ▲ 3.70M |
| Citadel Advisors LLC | 10.07M | ▲ 6.92M |
| Millennium Management LLC | 9.89M | ▲ 2.60M |
| Situational Awareness LP | 9.13M | ▲ 5.74M |
| Vident Advisory, LLC | 4.37M | ▲ 153.95K |
| Sixth Street Partners Management Company, L.P. | 4.28M | ▲ 4.28M |
| Charles Schwab Investment Management Inc | 4.28M | ▼ 975.59K |
| Two Sigma Advisers, LP | 3.52M | ▲ 321.20K |
| Mizuho Markets Americas LLC | 3.34M | ▲ 3.34M |
| Bank Of Montreal /Can/ | 3.32M | ▲ 3.30M |
| Toroso Investments, LLC | 3.28M | ▼ 1.30M |
| Citigroup Inc | 3.15M | ▲ 3.13M |
Held by 36 ETFs
Biggest fund positions in HIVE by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Aug 19, 26 | Perrill Dave | sell | 100,000 |
| Jul 15, 26 | Daubaras Darcy | sell | 66,300 |
| Jul 15, 26 | Daubaras Darcy | sell | 33,700 |
| Jul 10, 26 | Kilic Aydin | other | 400,000 |
| Jul 10, 26 | Kilic Aydin | other | 400,000 |
| Apr 23, 26 | Calveley Timothy | other | 62,500 |
| Apr 23, 26 | Calveley Timothy | other | 60,000 |
| Jul 9, 26 | Calveley Timothy | other | 12,500 |
| Jul 9, 26 | Calveley Timothy | other | 120,000 |
| Apr 23, 26 | Calveley Timothy | other | 120,000 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our HIVE coverage
Recent articles, reports, and earnings notes.
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Traders Buy Large Volume of HIVE Digital Technologies Call Options (NASDAQ:HIVE)
defenseworld.net · Aug 19
HIVE Digital Technologies Q1 Earnings Call Highlights
defenseworld.net · Aug 19
HIVE Q1 Earnings Call Focuses on GPU Cloud Contract Ramp
zacks.com · Aug 18
HIVE Digital Stock Tests $3 Resistance: Can $350M NVIDIA Deal Drive a Breakout?
benzinga.com · Aug 18
Why HIVE Stock Popped Today
fool.com · Aug 17
HIVE Digital Technologies Ltd. (HIVE:CA) Q1 2027 Earnings Call Transcript
seekingalpha.com · Aug 17
HIVE Digital Technologies Soars 11% on $350M GPU Cloud Contract, Cipher Mining Ticks Up
247wallst.com · Aug 17
HIVE Digital Technologies Q1 Earnings Call Highlights
marketbeat.com · Aug 17
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.
