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HIVE Reports $84.9M Q2 Revenue with AI GPU Sales Up 70.7%
According to TheStreet, HIVE Digital Technologies reported fiscal Q2 2027 revenue of $84.9 million for the quarter ended Sept. 30, up 7.3% sequentially and down 2.7% year-over-year. The company's AI cloud subsidiary BUZZ HPC posted revenue of $8.8 million, surging 70.7% year-over-year. HIVE's adjusted EBITDA climbed 85% to $24.8 million, driven by improving mining economics despite a 27% decline in Bitcoin prices. The company ended the quarter with $139 million in cash.
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