HIVE Q1 2027 results show GPU Cloud ARR at $110M amid VAT provision
Aug 15, 2026, 11:55 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Analysts typically reward sustained ARR expansion and a path to $200M GPU Cloud ARR by 2026, but the Swedish VAT charge is a sizable overhang that could limit near-term multiple expansion. If the VAT matter remains contested with the cash impact contained, the stock could re-rate on growth catalysts; otherwise the non-cash charge could cap upside until resolution.
AI summary
What happened, with direct paths to the underlying reporting
HIVE reported fiscal Q1 2027 revenue of $79.1 million, up 73.5% year over year, driven by digital currency mining and BUZZ HPC. Digital currency revenue reached $72.1 million with 1,004 BTC rewards and a hash rate of 24.0 EH/s, while BUZZ HPC revenue rose 46.7% YoY to $7.1 million, aided by NVIDIA GPU deployments. A non-cash Swedish VAT provision of $84.7 million weighed on GAAP net income, though liquidity remained strong at $208 million cash and $11.2 million in crypto.
HIVE reports Q1 FY2027 revenue $79.1M, up 73.5% YoY, driven by mining and HPC.
GAAP net loss $142.9M due largely to an $84.7M Swedish VAT provision.
GPU Cloud ARR around $110M; Bell AI Fabric/Cohere deal adds ~$75M ARR; target $200M by 4Q2026.
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