HIVE posts $143M Q1 loss on $85M Swedish VAT provision; raises $245M via convertible notes

Filed August 14, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

• high

  $84.7M non-cash provision for Swedish VAT dispute after adverse Court of Appeal ruling; company previously assessed liability as not probable, now considers loss probable and has appealed to Supreme Administrative Court.

  Notes: Swedish VAT dispute provision view on EDGAR →
• high

  Net loss of $142.9M ($0.54/share) in Q1 FY2027 vs. net income of $35.0M ($0.19/share) prior year, driven by the VAT provision, $53.7M depreciation (up from $22.0M), and $7.1M derivative losses.

  MD&A: Q1 FY2027 financial results verify on EDGAR →
• high

  Raised $245M aggregate principal via two exchangeable senior note offerings (April $115M, June $130M); net proceeds $234.7M after fees and $35.5M spent on capped call transactions to limit dilution.

  MD&A: Convertible notes verify on EDGAR →