HIVE Digital Technologies Ltd. (HIVE)
HIVE Digital strengthens BuzzHPC board for AI growth - ICYMI
HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) earlier this week highlighted the appointment of capital markets veteran Hubert Marleau to the board of its high-performance computing subsidiary BuzzHPC, as the business prepares for further expansion in Canada. CFO Darcy Daubaras told Proactive that Marleau's appointment represented an important step in the development of BuzzHPC, with the subsidiary seeking to ensure its governance capabilities keep pace with the scaling of the business.
HIVE Digital Technologies adds senior VP of revenue as daily revenue tops $1M
HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) has appointed Mark Volk as senior vice president, revenue at its subsidiary BUZZ High Performance Computing, as the company said combined revenue from hashrate services and GPU cloud services has surpassed $1 million per day. In the new role, Volk will lead BUZZ HPC's global go-to-market strategy across enterprise, government, sovereign AI, hyperscale, research and academic markets, overseeing commercialization of the company's GPU-powered AI infrastructure, including sovereign AI cloud, GPU-as-a-Service, colocation and hybrid AI solutions.
HIVE Digital: Re-Rated, But Still Undervalued
HIVE Digital Technologies is executing a turnaround, driven by robust growth in its BUZZ HPC AI cloud business and expanding Bitcoin mining operations. Q1 FY27 revenue rose 73.5% YoY to $79.1 million, with gross margin improving to 30.6% and adjusted EBITDA swinging positive to $13.4 million. BUZZ HPC contracted GPU cloud ARR surged to ~$180 million, with a new $350 million, five-year customer deal underpinning future revenue and margin expansion.
HIVE Q1 Earnings Call Focuses on GPU Cloud Contract Ramp
HIVE Digital is accelerating its GPU cloud push with a five-year $70M ARR contract, a $200M ARR target and Bitcoin mining funding AI and HPC growth.
HIVE Digital Technologies Soars 11% on $350M GPU Cloud Contract, Cipher Mining Ticks Up
HIVE Digital Technologies (NASDAQ:HIVE) shares are up 11% to $2.98 in midday trading Monday, jumping from Friday's $2.69 close after the bitcoin miner unveiled its largest AI contract to date.
HIVE Digital Technologies Q1 Earnings Call Highlights
HIVE Digital Technologies NASDAQ: HIVE reported fiscal first-quarter 2027 revenue of $79.1 million, up 73% from $45.6 million a year earlier and 10% sequentially, as the company expanded its Bitcoin mining operations and continued building its high-performance computing, or HPC, and artificial intelligence infrastructure business.
HIVE Digital Technologies inks five-year, $350M GPU cloud agreement
HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) announced that it has signed a five-year GPU cloud services agreement with an investment-grade enterprise customer valued at approximately $350 million, as the company expands its artificial intelligence infrastructure business through wholly owned subsidiary BUZZ High Performance Computing. The agreement is expected to generate approximately $70 million in annualized revenue and brings BUZZ HPC's total annualized revenue to about $180 million.
HIVE Digital Technologies (HIVE) Reports Q1 Loss, Lags Revenue Estimates
HIVE Digital Technologies (HIVE) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to a loss of $0.06 per share a year ago.
HIVE Digital Technologies to Report Q1 Earnings: What to Expect?
HIVE expects higher Q1 revenues as Paraguay expansion and HPC growth boost mining capacity, though profitability may have remained pressured.
HIVE Digital: A Contracted AI Re-Rating Hidden Inside A Bitcoin Miner
HIVE Digital: A Contracted AI Re-Rating Hidden Inside A Bitcoin Miner
HIVE Digital Technologies' Buzz HPC joins Bell and Cohere for Canadian AI factory - ICYMI
HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) subsidiary Buzz HPC earlier this week discussed its role in a newly announced Canadian sovereign AI infrastructure initiative involving Bell Canada, Cohere and Hypertec, with CEO Craig Tavares outlining how the partnership aims to create a fully domestic AI ecosystem capable of supporting enterprise, government and research applications across the country. Speaking with Proactive, Tavares said the collaboration grew out of Bell Canada's Bell AI Fabric initiative, which was launched to bring together leading Canadian companies capable of delivering sovereign AI infrastructure.
HIVE Digital Technologies upsizes convertible note offering to support GPU purchases, data center expansion
HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) has announced the pricing of an upsized private offering of $115 million in zero-coupon exchangeable senior notes due 2031, increasing the size of the deal from the previously announced $100 million. The notes will be issued by HIVE Bermuda 2026 Ltd.
