HIVE Digital Technologies Ltd. — Form 8-K
Filed August 17, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
HIVE reported Q1 FY2027 (ended June 30, 2026) total revenue of $79.1M (73.5% YoY growth): digital currency mining $72.1M and HPC $7.1M. Contracted GPU Cloud ARR reached ~$110M, including a $225M three-year agreement with Bell AI Fabric supporting Cohere (2,304 NVIDIA GB200 GPUs, adding $75M ARR). However, a non-cash $84.7M provision for contested Swedish VAT assessments on hashrate equipment (2023 onwards) drove GAAP net loss of $142.9M; company disputes the assessment and maintains $208M cash.
Why this rating
Revenue growth strong but Swedish VAT provision is non-cash & contested. GPU ARR milestone meaningful but unproven at scale relative to $950.7B market cap. Cash position solid. Limited near-term business trajectory impact.
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