HIVE Digital to Report Q2 Earnings: What's in Store for the Stock?

Core Insights - HIVE Digital Technologies is expected to report significant revenue growth of 257.45% year-over-year for the second quarter of fiscal 2026, with estimated revenues of $80.96 million [1][9] - The consensus estimate for loss per share is 1 cent, an improvement from a loss of 6 cents per share in the same quarter last year [1] Financial Performance - HIVE has beaten the Zacks Consensus Estimate in three of the last four quarters, with an average negative surprise of 19.51% [2] - The first quarter of fiscal 2026 saw revenues from high-performance computing rise to $4.8 million, an increase of 84.8% year-over-year, driven by strong demand for AI infrastructure [3] Growth Drivers - The company achieved a milestone of 23 Exahash per second in global Bitcoin-mining capacity, representing a 283% increase this year [4] - HIVE expanded its operations by acquiring 32.5 acres in Grand Falls, New Brunswick, to build a Tier III+ HPC data center, supporting its strategy to integrate Bitcoin mining with AI-driven high-performance computing [5][9] Challenges - Fluctuations in Bitcoin prices and intense competition in the cryptocurrency mining sector may have negatively impacted HIVE's performance in the upcoming quarter [6]