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HIVE posts ~$79M in Q2 revenue — then delays its 10-Q over Sweden’s SEK 765.6M VAT claim
HIVE Digital Technologies reported preliminary Q2 revenue of approximately $79 million, a significant increase from the previous year, driven by higher Bitcoin rewards and a new high-performance computing contract. However, the company has delayed its financial filings due to an unresolved Swedish VAT claim of SEK 765.6 million, which is expected to result in a substantial non-cash accrual and potentially significant operating and net losses.
