HIVE Digital (NASDAQ: HIVE) books $84.7M VAT charge and raises $245M debt

·15 Aug
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HIVE Digital Technologies Ltd. reported a significant net loss of $142.9 million for the quarter ended June 30, 2026, despite strong revenue growth to $79.1 million. The loss was primarily due to an $84.7 million non-cash provision for Swedish VAT disputes and other operating expenses. The company also strengthened its liquidity by raising $245 million through exchangeable senior notes, increasing cash and cash equivalents to $208 million, and continued expanding its infrastructure for digital currency mining and high-performance computing.

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