# HIVE Revenue Falls 2.7% Year Over Year to $84.9 Million By John Kim Canonical URL: https://www.tokenpost.com/news/business/53692 Published: 2026-11-11T08:01:36.000Z Updated: 2026-11-11T08:01:36.000Z Section: Business > AI computing revenue climbed 70.7% to $8.8 million, while Bitcoin mining revenue fell 7.4%. HIVE Digital Technologies Ltd. generated $84.9 million in revenue in its fiscal second quarter of 2027, ended Sept. 30, 2026, as growth in AI computing helped offset lower Bitcoin (BTC) mining revenue. Revenue fell 2.7% from a year earlier but rose 7.3% from the preceding quarter. The company’s net loss widened to $78.7 million from $15.8 million a year earlier. The latest quarter included a $31.2 million noncash impairment of mining equipment and $54.9 million in depreciation. Bitcoin mining remained HIVE’s largest business, bringing in $76 million, down 7.4% year over year. The company received 1,070 BTC in mining rewards, compared with 1,004 in the prior quarter. AI computing revenue rose 70.7% year over year to $8.8 million. Growth reflected the deployment of an AI GPU cluster in Manitoba, Canada, as well as demand and pricing in the GPU marketplace. At the end of September, HIVE held $139 million in cash and $22.6 million in digital currencies. GPU cloud operations already in service represented about $40 million in annualized revenue. Contracted annualized GPU cloud revenue was about $185 million, a figure that includes the capacity already operating and capacity that has yet to enter service. The roughly $185 million in contracted annualized GPU cloud revenue includes [two GPU cloud agreements]() valued at about $575 million combined over their multiyear terms. HIVE expects 2,304 GPUs for its Bell Canada and Cohere arrangement to ship before the end of 2026. An [approximately $129 million loan for the GPU buildout]() has also been secured. ## Links in this article - [two GPU cloud agreements](https://www.tokenpost.com/news/business/26824) - [approximately $129 million loan for the GPU buildout](https://www.tokenpost.com/news/business/42380)