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An announcement from HIVE Digital Technologies ( (TSE:HIVE) ) is now available.
On September 17, 2025, HIVE Digital Technologies announced the acquisition of a 7.2 MW data center in Toronto, Canada, through its subsidiary BUZZ High Performance Computing. The facility will be upgraded to Tier 3 standards, enhancing BUZZ’s capabilities in AI and HPC and strengthening its partnership with Bell Canada. This acquisition is a strategic move to expand HIVE’s Canadian data center portfolio and capitalize on the growing demand for AI and machine learning solutions. The transaction, valued at CAD$17.25 million, involves a cash payment and issuance of common shares, subject to TSX Venture Exchange acceptance.
The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$5.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.
Spark’s Take on TSE:HIVE Stock
According to Spark, TipRanks’ AI Analyst, TSE:HIVE is a Neutral.
HIVE Digital Technologies has a moderate overall score driven by strong technical momentum but offset by poor financial performance and valuation metrics. The lack of profitability and cash flow issues are significant concerns, while the bullish technical indicators provide some positive outlook.
To see Spark’s full report on TSE:HIVE stock, click here.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd. is a global leader in green digital infrastructure, established in Canada in 2017 as the first publicly traded crypto-miner on the TSX-V powered by renewable energy. The company has diversified into two main areas: Bitcoin mining and High-Performance Computing (HPC) through its BUZZ HPC subsidiary.
Average Trading Volume: 1,868,277
Technical Sentiment Signal: Buy
Current Market Cap: C$1.24B
For detailed information about HIVE stock, go to TipRanks’ Stock Analysis page.