HIVE Adds 79 BTC to Treasury as Bitcoin Holdings Reach 269 BTC

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.