HIVE Digital Technologies Ltd.
HIVE Digital Technologies owns and operates data centers that provide computational power for cryptocurrency hashrate services and high-performance computing (HPC) for artificial intelligence and graphics rendering. Its two segments are hashrate services, using ASIC equipment to produce and sell hashrate to mining pools and other customers, and HPC data centers, which provide GPU computing capacity. HIVE also sells or exports AI tokens, offers data center management services, and rents GPU servers and clusters through marketplaces and direct contracts. The company serves mining pools, enterprises, governments, and research institutions. Its infrastructure supports AI and HPC workloads as well as Bitcoin network activity, and its business spans Canada, Sweden, and Paraguay. HIVE’s AI and HPC expansion is primarily undertaken through its subsidiary BUZZ High Performance Computing Inc. It is headquartered in Vancouver, British Columbia, Canada.
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See all $HIVE insider activity →Paraguay's state utility, ANDE, plans to let all special cryptocurrency power contracts expire on Dec. 31, 2027, as domestic demand grows and AI companies compete for cheap hydropower. HIVE Digital Technologies, a Nasdaq- and Toronto-listed miner, faces uncertainty over its Paraguayan sites, which house 77% of its operating mining capacity.
HIVE Digital Technologies aims for $500M in annual revenue run-rate by early 2027, split between Bitcoin mining ($300M) and GPU cloud services ($200M). The company reported $84.9M in Q2 revenue, with AI cloud sales up 70.7% YoY. HIVE has secured contracts, including a $75M/year deal with Cohere, and plans further expansion in Sweden and Canada.
HIVE Digital stock fell 7.0% after analysts cut price targets due to mixed Q2 FY2027 results and AI Cloud execution delays. Canaccord Genuity reduced its target to $6.00, while Rosenblatt and B. Riley also lowered targets. Concerns include networking gear delays and a wider-than-expected GAAP net loss. The broader market's weakness added to the pressure.
Over the past 7 days, AlphAI's AI scored 31 news stories mentioning HIVE (HIVE Digital Technologies Ltd.). Coverage has skewed bearish: 6 bullish, 6 neutral, and 19 bearish.
Recent HIVE coverage spans earnings, financial news and crypto.
Potential increase in electricity costs and uncertainty over contract renewal could pressure HIVE's margins.
Guidance lift suggests higher future cash flow and may attract growth‑oriented investors.
Analyst downgrades and target reductions suggest near‑term earnings pressure.
Analyst target cut signals reduced upside expectations.
The capacity expansion improves HIVE's cost advantage and revenue potential, likely supporting the stock.
AlphAI scores every news story that mentions HIVE with an AI model for sentiment and relevance, and aggregates insider trades from HIVE Digital Technologies Ltd.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Paraguay's state utility, ANDE, plans to let all special cryptocurrency power contracts expire on Dec. 31, 2027, as domestic demand grows and AI companies compete for cheap hydropower. HIVE Digital Technologies, a Nasdaq- and Toronto-listed miner, faces uncertainty over its Paraguayan sites, which house 77% of its operating mining capacity.
HIVE Digital Technologies aims for $500M in annual revenue run-rate by early 2027, split between Bitcoin mining ($300M) and GPU cloud services ($200M). The company reported $84.9M in Q2 revenue, with AI cloud sales up 70.7% YoY. HIVE has secured contracts, including a $75M/year deal with Cohere, and plans further expansion in Sweden and Canada.
HIVE Digital stock fell 7.0% after analysts cut price targets due to mixed Q2 FY2027 results and AI Cloud execution delays. Canaccord Genuity reduced its target to $6.00, while Rosenblatt and B. Riley also lowered targets. Concerns include networking gear delays and a wider-than-expected GAAP net loss. The broader market's weakness added to the pressure.
Rosenblatt reduced its price target for Hive Digital Technologies (HIVE) to $5.00 from $6.00, citing market conditions, while maintaining a Buy rating. The company reported a 70% revenue increase to $329 million over the last year, but faces cash burn and AI Cloud deployment delays. HIVE trades at $1.75, near its 52-week low, with a fiscal 2028 adjusted EBITDA estimate of 4.8 times its stock price.
HIVE Digital Technologies (HIVE) added 18.5 EH/s of Bitcoin mining power in six months, more than triple its capacity in two years. CEO Aydin Kilic attributed growth to a 300 MW deal in Paraguay and a $56M acquisition of a Bitfarms site. HIVE expects profitability through the next halving, according to Kilic.
HIVE Digital Technologies' stock rose 2.9% today, recovering from earlier losses after its Q2 FY2027 earnings report. Revenue increased 7.3% sequentially to $84.9M, adjusted EBITDA improved 85% to $24.8M, but GAAP net loss widened to $78.7M due to a $31.2M impairment charge. H.C. Wainwright reduced its price target to $5.00 but maintained a Buy rating. The company's AI Cloud pivot and strong BUZZ HPC unit revenue growth support its long-term outlook, despite execution risks.
B. Riley Securities kept HIVE Digital Technologies at Buy but cut its price target to $5 from $8, a 37.5% reduction. The new target suggests a 104.9% upside from the Nov 10 close of $2.44. Recent analyst price targets for HIVE range from $5 to $10.
H.C. Wainwright cut its price target on Hive Digital Technologies (HIVE) to $5 from $6, citing AI Cloud deployment delays. The stock fell 5% on Monday, trading at $1.72. Hive expects $200M in annual recurring revenue for AI Cloud by Q1 2027, delayed from late 2026. Revenue rose 7% to $84.9M in Q2, but GAAP loss widened due to impairment charges.
HIVE Digital Technologies expects $45M annual revenue from a potential AI data center deal in Sweden, pending lease finalization. The 32MW Big Boden facility requires upgrades for 10,000 Nvidia GPUs. CEO Aydin Kilic emphasized careful negotiation. HIVE targets $700M in HPC revenue by 2028, with $185M in contracted GPU-cloud revenue.
HIVE Digital added 79 BTC to its reserves, totaling 269 BTC by September 2023. It mined 1,070 BTC and sold 991 BTC in Q3, with sales proceeds of $70 million. Riot Platforms sold 10,599 BTC in Q3, using proceeds for data center development. CleanSpark sold more Bitcoin than it mined, reducing holdings by 394 BTC. HIVE reported $84.9 million in total revenue and a $78.7 million net loss for Q2 2027.
