Every 8-K that HIVE Digital Technologies Ltd. (HIVE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow HIVE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HIVE filings page.
HIVE Digital Technologies Ltd. (HIVE), through its wholly owned subsidiary BUZZ High Performance Computing Inc., announced a strategic partnership with Vancouver-based applied-AI and data engineering company ProCogia. ProCogia will procure dedicated GPU capacity from BUZZ HPC’s Canadian data centers and deploy its ZeroBoxx AI framework and vertical AI products on that sovereign infrastructure.
The partnership is structured as a two-way commercial relationship: ProCogia uses BUZZ HPC capacity for its own and client workloads, while acting as a preferred applied-AI services partner for BUZZ HPC customers, delivering LLM development, bespoke model training, agentic systems, and end-to-end AI integration. The parties also intend to jointly market a Canadian-anchored, full-stack "sovereign AI" offering to enterprise and SMB customers in Canada, the United States, and Europe.
HIVE highlights this alliance as an extension of its broader sovereign AI build-out, which includes large-scale Canadian AI data center expansions and prior long-term GPU and AI cloud services contracts, positioning its BUZZ HPC platform as infrastructure for governed, high-performance AI in regulated industries.
HIVE Digital Technologies Ltd. (HIVE), through its BUZZ High Performance Computing Inc. subsidiary, announced the appointment of industry veteran Mark Volk as Senior Vice President, Revenue, to lead BUZZ’s global go-to-market strategy and build its revenue engine across enterprise, government, sovereign AI, hyperscale, research and academic markets.
The company also reported preliminary, unaudited operating data indicating that on August 21, 2026 it exceeded $1 million in daily revenue from combined hashrate services and GPU cloud services and that, since that date, it has produced an average of about 12 Bitcoin per day (roughly 2% of global network production) plus about $100,000 in average daily GPU cloud revenue, together yielding combined average daily revenue above $1 million. Management highlighted a GPU cloud demand pipeline of more than $1 billion in total contract value and more than $600 million in signed total contract value year to date, while indicating plans to wind down Bitcoin mining in Sweden, which represented less than 5% of August global daily revenue, as it evaluates repurposing that infrastructure toward higher-value AI and HPC applications. All operating figures and non-GAAP measures such as average daily revenue and total contract value are based on preliminary estimates and are subject to change.
HIVE Digital Technologies Ltd. (HIVE) announced that its wholly owned subsidiary, BUZZ High Performance Computing Inc., has signed a five-year GPU cloud services agreement with an investment‑grade enterprise customer. The agreement has an estimated $350 million total contract value and is expected to add about $70 million in annualized revenue, bringing BUZZ HPC’s total annualized revenue to approximately $180 million, including realized and contracted amounts through Q4 2026.
Under the agreement, BUZZ will deploy a dedicated AI cluster of 2,016 NVIDIA Blackwell Ultra GPUs in NVIDIA GB300 NVL72 rack‑scale systems, supported by NVIDIA Quantum‑X800 InfiniBand networking and VAST Data storage, at the Bell AI Fabric facility in Merritt, British Columbia. Deployment is expected in calendar Q4 2026, with related capital expenditures of about $185 million. The customer will provide an upfront deposit of roughly 10% of the contract value (about $35 million). Once fully deployed, HIVE expects to own the NVIDIA infrastructure and to generate approximately $500,000 in daily HPC/AI revenue, emphasizing long‑term recurring cash flow from renewable‑powered, liquid‑cooled AI infrastructure.
HIVE Digital Technologies Ltd. reported strong top-line growth for the quarter ended June 30, 2026 (Q1 fiscal 2027). Total revenue was $79.1 million, up 73.5% year-over-year and 10.2% sequentially, driven mainly by digital currency mining and expanding high-performance computing (HPC) activity.
Digital currency revenue reached $72.1 million, supported by production of 1,004 Bitcoin, up 147% from Q1 2026 as average operational hashrate increased to 24.0 EH/s. BUZZ-branded HPC revenue was $7.1 million, up 46.7% year-over-year and 52.1% sequentially, helped by deployment of NVIDIA B200 GPUs.
Gross operating margin was $24.2 million, or 30.6% of revenue, and Adjusted EBITDA was $13.4 million (17.0% margin). The company reported a GAAP net loss of $142.9 million, primarily due to non-cash items including an $84.7 million provision for regulatory liabilities tied to Swedish VAT assessments, $53.7 million of depreciation and $7.1 million of share-based compensation. Liquidity was strong, with $208.0 million of cash and $11.2 million of digital currencies at quarter-end.
HIVE is scaling its AI and GPU cloud platform, with contracted GPU Cloud annual recurring revenue (ARR) of approximately $110 million, including a three-year sovereign AI agreement of about $225 million that adds $75 million of ARR. Management is targeting about $200 million of GPU Cloud ARR by the fourth quarter of calendar 2026 and outlines a longer-term HPC ARR goal of roughly $700 million by year-end 2028, supported by a growing Tier-III data center development pipeline and an expected power footprint of about 540 MW.
HIVE Digital Technologies Ltd. has completed a private offering of US$130 million aggregate principal amount of 0% exchangeable senior notes due 2031 through its wholly owned subsidiary HIVE Bermuda 2026 Ltd. The notes are senior unsecured obligations, fully and unconditionally guaranteed by HIVE.
The notes carry no cash interest and mature on July 1, 2031, with holders able to exchange into cash, HIVE common shares, or a combination at the issuer’s election. The initial exchange rate is 206.9429 shares per US$1,000 (about US$4.83 per share, a 27.5% premium to the US$3.79 closing price on June 25, 2026).
HIVE also entered into capped call transactions with a cap price of US$8.5275 per share (125% of the US$3.79 price) at a total cost of about US$15.7 million, funded with cash on hand, to help limit potential dilution or extra cash outlay upon exchanges. Estimated net proceeds of roughly US$124.5 million are earmarked for funding subsidiaries, general corporate purposes, capital investment including graphics processing units, and data center development.
HIVE Digital Technologies plans a private Offering of US$100 million in 0% exchangeable senior notes due 2031 through its wholly owned subsidiary HIVE Bermuda 2026 Ltd. The Issuer may also sell up to an additional US$15 million of notes if initial purchasers exercise an option.
The notes will be senior unsecured obligations of the Issuer, fully and unconditionally guaranteed by HIVE, and may be exchanged for cash, HIVE common shares, or a mix of both. HIVE expects to use net proceeds to fund subsidiaries for general corporate purposes, capital investment including graphics processing units, and data center development, while using cash on hand and potentially a portion of proceeds to fund cash-settled capped call transactions designed to limit potential share dilution or excess cash payments upon exchange.
HIVE Digital Technologies Ltd. has signed a non-binding high-performance computing colocation letter of intent with an investment-grade sovereign Swedish technology client for its 32 megawatt Boden, Sweden facility. The LOI contemplates an up to 10-year lease with a usable critical IT load of about 25 MW.
HIVE expects to retrofit the site to support up to 10,000 GB300 GPUs with single rack densities up to 150 kW using hybrid direct-to-chip liquid cooling and air cooling. Management believes a future definitive agreement could create long-term recurring revenue and stable cash flows, although closing the facility acquisition and converting the LOI into a binding contract remain subject to risks and further negotiation.
HIVE Digital Technologies updated its equity distribution agreement, allowing it to sell up to US$300 million of common shares under an at-the-market program, with a new prospectus supplement covering an unused capacity of $214,696,023. The company also announced a three-year sovereign AI GPU cloud contract via its BUZZ subsidiary with a total value of about $220 million, powered by 2,304 NVIDIA Grace Blackwell GPUs at Bell’s Merritt, British Columbia facility. In Sweden, HIVE received approval to acquire the 32 MW “Big Boden” data center, which has supported its local operations since 2018, with plans to upgrade it toward Tier III standards. In Paraguay, a Columbia University research project showed HIVE’s A40 GPUs in Asunción could match normalized H100 performance for certain AI workloads, supporting plans for a 100 MW substation in Yguazú and a Tier III data center targeted for service in the second half of 2027.
HIVE Digital Technologies Ltd. reported FY2026 revenue of $297.8 million, a 158% increase year-over-year, driven mainly by digital currency mining and growing high-performance computing services. Gross operating margin rose to $107.9 million, a 36% margin versus 22% a year earlier, highlighting strong operating leverage.
The company mined 2,885 Bitcoin in FY2026, up 104%, and ended the year with 25.1 EH/s of installed hashrate and 440 MW of green-powered capacity. Despite this growth, HIVE posted a GAAP net loss of $148.4 million, largely due to $170.4 million of depreciation and other non-cash items, while Adjusted EBITDA reached $72.9 million.
HPC revenue nearly doubled to $19.5 million, and contracted HPC annual recurring revenue reached $35 million, supported by NVIDIA GPU deployments and a planned 320 MW AI gigafactory in the Greater Toronto Area. After year-end, HIVE raised $115 million through 0% Exchangeable Senior Notes due 2031, enhancing balance-sheet flexibility for its Bitcoin and AI infrastructure expansion.
HIVE Digital Technologies, through its BUZZ High Performance Computing subsidiary, is advancing a major AI infrastructure investment in Ontario built around a new AI "gigafactory" in the Greater Toronto Area with approximately 320 megawatts of utility power capacity.
BUZZ acquired a 21-acre main parcel for $46 million and an adjacent 4-acre parcel for $12 million, creating a contiguous 320 MW site intended to host more than 100,000 GPUs at full build-out. The company highlights an expected total capital investment of about CAD $3.5 billion, a target online date in the second half of 2027, and plans for 800+ construction jobs plus hundreds of permanent high-skill roles.
HIVE states it now has over 850 MW of power globally, including 450 MW of operating data centers and a 400 MW development pipeline, and aims to expand its Canadian AI footprint with the 320 MW GTA project as part of a broader sovereign AI infrastructure strategy.
HIVE Digital Technologies Ltd. reported two main developments. The company adopted an amendment to its Articles of Incorporation that raises the shareholder meeting quorum to two persons owning at least 33 1/3% of issued and outstanding common stock, aligning with Nasdaq requirements. Separately, its subsidiary BUZZ High Performance Computing contracted a fibre optic network overbuild and carrier transport upgrade at the Grand Falls Data Centre in New Brunswick. HIVE estimates a capital commitment of about $3.1 million over five years, supported by proceeds from a recent $115 million 0% exchangeable note issuance. The project supports conversion of the energized 70 MW Grand Falls site into a 50 MW Tier III+ AI-focused data center, with dedicated 100 Gbps and 400 Gbps optical wavelength services expected to begin delivery in Q3 2026.
HIVE Digital Technologies Ltd. is moving its Canadian listing from the TSX Venture Exchange to the Toronto Stock Exchange, with its common shares set to begin trading on the TSX on May 12, 2026 under the existing symbol “HIVE”. Trading on the TSX Venture Exchange will cease after the close on May 11, 2026, and those shares will be delisted when TSX trading begins.
The company also reported quarterly activity under its at-the-market equity program, issuing 14,983,561 common shares for gross proceeds of $41.1 million (C$56.5 million) at an average price of C$3.77 per share, and paying a $1.2 million cash commission to its sales agents.
HIVE Digital Technologies Ltd. completed a private Offering of US$115 million aggregate principal amount of 0% exchangeable senior notes due 2031 through its subsidiary HIVE Bermuda 2026 Ltd. The notes are unsecured, guaranteed by HIVE, and exchangeable into HIVE common shares at the issuer’s election in cash, shares, or both.
The initial exchange rate is 389.5029 common shares per US$1,000 principal amount, implying an exchange price of about US$2.57 per share, a 17.5% premium to the Nasdaq closing price on April 16, 2026. Initially, up to 44,792,833 common shares may be issued upon exchange, subject to anti-dilution adjustments.
HIVE entered into capped call transactions with a US$4.92 cap price (125% premium) to reduce potential economic dilution and/or offset cash payments above principal, paying about US$19.8 million funded from cash on hand. The company received conditional approval to list its common shares on the Toronto Stock Exchange, with trading expected to transition from the TSX Venture Exchange around April 30, 2026.
HIVE Digital Technologies Ltd. plans a private Offering of US$75 million aggregate principal amount of 0% exchangeable senior notes due 2031, with an additional US$15 million option for initial purchasers. The notes will be exchangeable into cash, HIVE common shares, or a combination, at the issuer’s election.
HIVE intends to use net proceeds through its subsidiaries for general corporate purposes, capital investment including graphics processing units, and data center development, and to help fund capped call transactions designed to limit dilution upon note exchanges. The company also received conditional approval to list its common shares on the Toronto Stock Exchange, with trading expected to move from the TSX Venture Exchange to the TSX on or around April 30, 2026, subject to meeting TSX requirements by June 30, 2026.