HIVE Delays Submission of Quarterly Report, Preliminary Revenue Approximately $79 Million
HIVE Digital Technologies did not submit its quarterly Form 10-Q for the period ending June 30 by August 10, with preliminary revenue of approximately $79 million. In a notice of delay issued on August 11, the company stated that the delay is related to the accounting treatment and disclosure of a Swedish VAT (Value Added Tax) ruling, and it expects to submit the document within the extended deadline under Rule 12b-25. HIVE indicated that recent developments in the Swedish proceedings have increased the likelihood of confirming non-cash accounting adjustments, requiring more time to determine the accounting amounts and complete the financial statements and disclosures. The preliminary revenue for the quarter represents an increase of approximately 73% compared to $45.6 million in the same period last year, primarily due to increased Bitcoin rewards and the recognition of revenue from high-performance computing contracts. However, these figures remain management estimates and may change upon completion of the report. HIVE expects operating losses and net losses to increase significantly, mainly due to the impact of the Swedish VAT, but cannot reasonably estimate these values. The net profit for the comparable quarter was $35 million. In its annual filing for fiscal year 2026, HIVE disclosed that the total Swedish VAT ruling amounts to 765.6 million Swedish Krona, approximately $80.5 million, emphasizing that this total should not be viewed as a potentially recognized accounting amount, as it has not yet been determined.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Preparation for Winter: Infrastructure Readiness at 60%, Backup Power at 75.6%
![[SCAN 2026 Final Interview] ⑦Chaos of KAOS: Aiming for Victory through On-Chain Analysis and Tracking Agent Automation](/public-static/27_7613c72975.png?format=avif)
[SCAN 2026 Final Interview] ⑦Chaos of KAOS: Aiming for Victory through On-Chain Analysis and Tracking Agent Automation

U.S. Government to Announce Support Measures for Oil Refining Industry to Stabilize Gas Prices

Failed Crypto Exchange in the Netherlands: 12 Million Invested, Only 2 Million Recovered

From DeFi to On-Chain Finance - Reflecting on the History of On-Chain Finance with SMBC Nikko Securities (8/26 19:30 @ Gentosha)

Crypto perpetuals surge from $15 billion to $250 billion in three months, according to CryptoQuant

web3: Pi Network Upgrade Advances, 0.03 Pi Repeated Transfers Attract Attention

Cryptocurrency Assets Reach $4.3 Billion

Wall Street's Enthusiasm for Private, Permissioned Blockchains Heats Up Again! Etherealize: Consortium Chain 2.0 is Destined to Fail

Solana Records 534.9 Billion Won Net Inflow in Tokenized U.S. Treasury Market

Cboe files for SEC approval of 3x bitcoin and ether ETFs

Crypto Wallet Addresses Are Regularly Poisoned. This Man Lost Nearly 400,000 Zlotys

Goldman Sachs Negotiates Participation in Nvidia's $500 Billion AI Financing Plan

Hermes Agent Public Beta Bot Mode Supports Multi-Agent Collaboration

Ukraine Approves Documentation for Power Generation Construction Tender

Etherscan Expands Developer Tool Flow with GitMyABI Integration for Verified Contract npm Package Support

Digital Currency Regulation Established in Russia

Anthropic Applies Machine-Readable Labels to Claude Generated Content

Stablecoin BRLV: Crown and Nexa Finance Form Partnership

NBU Simplifies Currency Operations for Businesses

NVIDIA AI Chips Used as $500 Billion Financial Collateral

Form Energy Raises $750 Million to Expand Long-Duration Energy Storage Battery Production

Customs Recommendations for Transit of Ukrainian Goods through Moldova

0.7% of German companies see interest in the digital euro

Korea Investment Holdings Considering Acquisition of Life Insurance Company

Empery Digital Sells 1,635 Bitcoin for 102.2 Million Dollars

Anchored Finance Launches Three Tokenized Funds

River Markets Secures $8.5 Million Seed Investment

Bitget's Protection Fund Valuation Rises to $351 Million as Bitcoin Rallies






