HIVE Reports Record Q2 Revenue of 1.45 Trillion Korean Won, But Stock Plummets 16% on Profit Miss

According to Korean Economic Daily, HIVE reported record Q2 revenue of 1.45 trillion Korean won and operating profit of 170.9 billion won on July 28, but its stock fell 16.09% to 188,800 Korean won as investor sentiment weakened over lower-than-expected earnings.

Net profit came in at 109.8 billion won, missing analyst consensus of 132.5 billion won by 17.1%, while operating profit beat expectations by 9.9%. The shortfall, combined with concerns about slowing momentum in the second half following BTS tour peaks and reduced BTS contribution in 2027, pressured the stock despite the record quarterly results.