HIVE Q2 Loss Increases Year Over Year, Revenues Rise, Shares Fall

HIVE Digital Technologies’ HIVE shares have declined 2.2% since the company reported its second-quarter fiscal 2026 results on Nov. 17. The decline can be attributed to fluctuations in Bitcoin prices.In the second quarter of fiscal 2026, HIVE reported a loss per share of 7 cents, which was wider than a loss of 6 cents reported in the year-ago quarter.In the second quarter of fiscal 2026, revenues increased 285% year over year to $87.3 million. Sequentially, revenues increased 91%. The increase in revenues was primarily driven by digital currency mining and high-performance computing (HPC) services.HIVE Top-Line DetailsDigital currency mining revenues (94.1% of revenues) increased 295.2% year over year to $82.1 million. Sequentially, revenues increased 101.2%.  The growth was driven by the expanded hash rate capacity and the completion of Phase 3 in Paraguay. The growth was also driven by an 86.2% increase in average hashrate to 16.2 EH/s and slightly higher Bitcoin prices.HIVE Digital Technologies Ltd. Price, Consensus and EPS Surprise HIVE Digital Technologies Ltd. price-consensus-eps-surprise-chart | HIVE Digital Technologies Ltd. QuoteThe Paraguay expansion contributed to higher Bitcoin production. In the reported quarter, HIVE produced 719 Bitcoin, up from 406 Bitcoin in the second quarter of fiscal 2025.High performance computing (5.9% of total revenues) increased 7.6% quarter over quarter and 175% year over year to $5.2 million. Revenues increased as a result of growth in its AI cloud business, the deployment of more than 5,000 GPUs, new long-term AI compute contracts, collaboration with Bell Canada, and upgrades to Tier-3 data centers that boosted capacity, utilization and service demand.HIVE Q2 Operating DetailsHIVE reported a gross operating margin of $42.4 million, a substantial increase from $1.2 million in the year-ago quarter.In the second quarter of fiscal 2026, Selling, General, and Administrative expenses totaled $7.80 million compared with $3.38 million in the year-ago quarter.Income from loss of operations was $14.7 million compared to an operating income of $0.39 million in the year-ago quarter.Adjusted EBITDA was $31.5 million compared with $5.6 million in the year-ago quarter.HIVE Balance Sheet DetailsAs of Sept. 30, 2025, HIVE had cash of $22.6 million compared with $24.6 million as of June 30, 2025.In the second quarter of fiscal 2026, net cash used in operating activities was $384,000 compared to net cash provided in operating activities of $10.22 million in the previous quarter.Zacks Rank & Stocks to ConsiderHIVE currently carries a Zacks Rank #3 (Hold).Some better-ranked stocks in the broader Zacks Finance sector are NerdWallet NRDS, Ponce Financial Group PDLB, and Leading Club LC, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The Zacks Consensus Estimate for NerdWallet’s fourth-quarter 2025 earnings is pegged at 17 cents per share, implying year-over-year growth of 1600%. NRDS shares have gained 2.1% in the year-to-date period.The Zacks Consensus Estimate for Ponce Financial Group’s fourth-quarter 2025 earnings is pegged at 28 cents per share, indicating a year-over-year increase of 133.33%. PDLB shares have gained 16% in the year-to-date period.The Zacks Consensus Estimate for Leading Club’s fourth-quarter 2025 earnings is pegged at 34 cents per share, indicating a year-over-year increase of 209.09%. LC shares have lost 1.3% in the year-to-date period.#1 Semiconductor Stock to Buy (Not NVDA)The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HIVE Digital Technologies Ltd. (HIVE): Free Stock Analysis Report LendingClub Corporation (LC): Free Stock Analysis Report Ponce Financial Group, Inc. (PDLB): Free Stock Analysis Report NerdWallet, Inc. (NRDS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks