HIVE Digital Technologies added 79 $BTC to its Bitcoin treasury in the quarter ended Sept. 30. Its holdings rose 41.6% from 190 $BTC in June to 269 $BTC. A SEC filing valued HIVE’s Bitcoin reserve at $22.4 million. The report covers July through September, the company’s fiscal second quarter of 2027.

HIVE Sells Most of Its Quarterly Output

During the quarter, HIVE mined 1,070 $BTC and sold 991 $BTC, or 92.6% of its total production. The digital asset sales brought in $70 million.

Over the full six-month period, HIVE mined 2,074 $BTC, sold 1,909 $BTC and transferred 46 $BTC for equipment deposits. It began the period with 150 $BTC in Bitcoin holdings. Separate contracts gave HIVE the option to repurchase 212 $BTC from earlier equipment deposits.

What Earnings Show About GPU Cloud Expansion

The company’s earnings release reported that mining revenue fell 7.4% year over year to $76 million, while high-performance computing revenue climbed 70.7% to $8.8 million. Total revenue was $84.9 million, and the company recorded a net loss of $78.7 million.

Live GPU cloud services had an annualized revenue run rate of about $40 million. Contracted annualized revenue came to $185 million, including capacity awaiting deployment.

Cash, however, 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 linked to milestones.

Source: coinedition.com. Adapted by NBTC.