HIVE Digital Technologies added 79 BTC to its Bitcoin treasury during the quarter ended Sept. 30. Its holdings reached 269 BTC, up 41.6% from June’s 190 BTC. A SEC filing valued HIVE’s Bitcoin reserve at $22.4 million. The report covered July through September, the company’s fiscal second quarter of 2027.
HIVE Sells Most of Its Quarterly Output
HIVE mined 1,070 BTC during the quarter and sold 991 BTC, representing 92.6% of its total production. These digital asset sales generated $70 million in proceeds.
Across the full six-month period, HIVE mined 2,074 BTC, sold 1,909 BTC, and transferred 46 BTC as equipment deposits. Opening Bitcoin holdings stood at 150 BTC. Separate contracts gave HIVE options to repurchase 212 BTC from earlier equipment deposits.
What Earnings Reveal About GPU Cloud Expansion
In its earnings release, the platform reported mining revenue fell 7.4% year over year to $76 million. High-performance computing revenue rose 70.7% to $8.8 million. Total revenue reached $84.9 million, while the company posted a $78.7 million net loss.
Live GPU cloud services had an annualized revenue run rate of about $40 million. Contracted annualized revenue totaled $185 million, including capacity awaiting deployment.
However, cash stood at $139 million. CEO Aydin Kilic said $129 million in financing covered GPU purchases for HIVE’s Bell and Cohere agreement. He expected the 2,304-GPU cluster to ship before year-end, with escrow releases tied to milestones.
Related: UAE Banks Prepare to Bring Virtual Assets Into Mainstream Finance
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
