HIVE Digital Technologies reported $79.1 million in fiscal Q1 revenue, but a contested Swedish VAT provision helped drive a $142.9 million GAAP loss as contracted GPU-cloud ARR reached about $110 million.
HIVE's BUZZ HPC signed a five-year $350 million AI-cloud contract, bringing total active and contracted GPU-cloud ARR to about $180 million.
HIVE's BUZZ HPC signed a $220M GPU cloud contract with Bell AI Fabric and Cohere, adding a live test case to the Bitcoin miner AI pivot.