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HIVE Digital Technologies (TSE:HIVE)
:HIVE

HIVE Digital Technologies (HIVE) AI Stock Analysis

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TSE:HIVE

HIVE Digital Technologies

(HIVE)

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Neutral 55 (OpenAI - 5.2)
Rating:55Neutral
Price Target:
C$5.00
▲(6.16% Upside)
HIVE Digital Technologies' overall stock score is primarily influenced by its strong revenue growth and strategic expansions in AI and Bitcoin mining. However, profitability challenges and bearish technical indicators weigh heavily on the score. The company's valuation metrics further highlight concerns, with a negative P/E ratio and no dividend yield. Despite these challenges, the positive impact of recent corporate events offers some optimism for future growth.
Positive Factors
Revenue Growth
Robust revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion and competitiveness.
Low Leverage
Low leverage enhances financial stability and flexibility, allowing the company to invest in growth opportunities without significant debt burden.
Strategic Partnerships
Partnerships with leading firms expand market reach and enhance service offerings, providing a competitive edge and fostering long-term growth.
Negative Factors
Negative Profitability
Negative profitability indicates operational inefficiencies, which can hinder the company's ability to reinvest in growth and maintain competitive pricing.
Cash Flow Challenges
Cash flow challenges can limit the company's ability to fund operations and investments, impacting long-term growth and financial health.
Equity Dilution Risk
The equity distribution agreement may lead to dilution, affecting existing shareholders and potentially impacting stock value and investor sentiment.

HIVE Digital Technologies (HIVE) vs. iShares MSCI Canada ETF (EWC)

HIVE Digital Technologies Business Overview & Revenue Model

Company DescriptionHIVE Blockchain Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. It engages in the mining and sale of digital currencies, including Ethereum, Ethereum Classic, and Bitcoin. The company was formerly known as Leeta Gold Corp. and changed its name to HIVE Blockchain Technologies Ltd. in September 2017. HIVE Blockchain Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.
How the Company Makes MoneyHIVE generates revenue primarily through a subscription-based model for its cloud services, which includes tiered pricing based on usage and features. Additionally, the company earns revenue from one-time project fees for custom software development and consulting services. Key revenue streams also include licensing fees for their proprietary AI analytics tools and managed services contracts with enterprise clients. Significant partnerships with major cloud providers and technology firms further bolster HIVE's earnings by expanding its market reach and enhancing its service offerings.

HIVE Digital Technologies Earnings Call Summary

Earnings Call Date:Jun 26, 2025
(Q4-2025)
|
% Change Since: |
Next Earnings Date:Feb 17, 2026
Earnings Call Sentiment Positive
The earnings call reflects a transformative and growth-focused year for HIVE, with significant achievements in expanding its operations, particularly in Bitcoin mining and high-performance computing. However, the company faces challenges related to the Bitcoin halving impact, regulatory issues in Paraguay, and the transition to U.S. GAAP. Despite these challenges, the overall sentiment is positive given the strong expansion plans and financial performance.
Q4-2025 Updates
Positive Updates
Transformative Year for HIVE
HIVE experienced a transformative year with significant expansion and growth, doubling its high-performance computing business using NVIDIA chips and surpassing 11 exahash in Bitcoin mining, up from less than 4 exahash a year ago.
Acquisitions and Strategic Expansion
HIVE acquired a major data center in Toronto, expanded in Paraguay, and acquired Bitfarms assets, positioning itself to double its hash rate by American Thanksgiving and potentially reach $400 million in revenue at Bitcoin's $100,000 price point.
HPC and AI Business Growth
HIVE's HPC AI business is positioned for significant growth, with plans to scale from a $20 million annual run rate to $100 million. The acquisition of a 7.2-megawatt Toronto data center will help expand this segment.
Strong Financial Metrics
HIVE reported $115 million in revenue and $56 million in adjusted EBITDA, with a market cap of $350 million. The company holds over $60 million in Bitcoin on the balance sheet and achieved 22% ROIC over the last 12 months.
Sustainable and Community-Focused Projects
HIVE has been involved in community projects such as electrifying schools and lighting up streets in Paraguay, aligning with its strategy to integrate with local communities.
Negative Updates
Impact of Bitcoin Halving
The halving event in April 2024 significantly impacted HIVE's gross operating margin, reducing it from $37.5 million to $25.1 million year-over-year.
Challenges with GAAP Transition
Transitioning from IFRS to U.S. GAAP posed challenges, including a $64 million non-cash depreciation charge and a net loss of $0.02 per share compared to a net profit of $0.29 per share the previous year.
Regulatory Concerns in Paraguay
HIVE faces a challenging regulatory environment in Paraguay, with tariffs against crypto mining companies, although the company is optimistic about long-term power pricing.
Decreased Gross Mining Margin
The gross mining margin decreased to 22% from 33% the previous year due to higher Bitcoin difficulty and reduced currency rewards.
Company Guidance
During the earnings call for HIVE Digital Technologies, the company provided detailed guidance on various metrics. The team highlighted that for the fiscal year ending March 31, 2025, HIVE achieved $115.3 million in revenue, with $56.2 million reported in adjusted EBITDA. They noted significant growth in their high-performance computing (HPC) business, with an annual run rate (ARR) reaching $20 million, and projected this to potentially expand to $100 million. The company also discussed plans to scale their Bitcoin mining operations significantly, aiming to reach a hash rate of 25 exahash by the fall, which could generate over $400 million in revenue at a Bitcoin price of $100,000. Furthermore, the company emphasized their strategic initiatives, including a transformative move to U.S. GAAP reporting, a substantial acquisition of a data center in Toronto, and ongoing expansion in Paraguay, all contributing to their aim of becoming 3% of the Bitcoin network. The company also mentioned their strong cash and Bitcoin position, with over $60 million in Bitcoin on the balance sheet, supporting their robust growth strategy.

HIVE Digital Technologies Financial Statement Overview

Summary
HIVE Digital Technologies shows strong revenue growth with a 49.68% increase, indicating robust demand. However, profitability is a concern with negative EBIT margins and fluctuating net profit margins. The balance sheet is solid with low leverage, but cash flow management needs improvement to support sustainable growth.
Income Statement
65
Positive
HIVE Digital Technologies shows strong revenue growth with a 49.68% increase in TTM, indicating robust demand. However, profitability is a concern with negative EBIT margins and fluctuating net profit margins. The gross profit margin is positive at 36.62%, but the negative EBIT margin suggests operational inefficiencies.
Balance Sheet
70
Positive
The company maintains a low debt-to-equity ratio of 0.037, reflecting prudent financial leverage. However, the return on equity is modest at 3.99%, indicating limited profitability from equity investments. The equity ratio is healthy, suggesting a strong capital structure.
Cash Flow
50
Neutral
Cash flow performance is mixed, with a negative free cash flow and a high free cash flow to net income ratio of -9.19, indicating cash flow challenges. The operating cash flow to net income ratio is 0.40, suggesting moderate cash generation from operations.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue194.66M115.28M114.47M106.32M211.26M88.34M
Gross Profit15.62M-39.34M40.39M-30.46M96.91M60.83M
EBITDA127.22M68.39M24.48M-150.44M153.07M36.18M
Net Income20.63M-3.00M-51.20M-236.42M79.62M24.14M
Balance Sheet
Total Assets692.97M531.60M307.58M196.12M452.27M178.33M
Cash, Cash Equivalents and Short-Term Investments48.30M47.51M16.65M7.24M22.32M41.27M
Total Debt23.15M55.16M30.72M35.41M43.32M30.89M
Total Liabilities68.37M82.46M47.89M47.30M63.22M43.86M
Stockholders Equity624.60M449.14M259.69M148.82M389.05M134.47M
Cash Flow
Free Cash Flow-195.52M-157.67M-65.73M1.95M-146.56M-42.29M
Operating Cash Flow21.27M16.63M13.53M44.78M68.49M22.95M
Investing Cash Flow-263.90M-183.77M-78.36M-40.89M-214.19M-66.86M
Financing Cash Flow257.57M180.73M70.15M-4.64M110.77M78.29M

HIVE Digital Technologies Technical Analysis

Technical Analysis Sentiment
Positive
Last Price4.71
Price Trends
50DMA
4.62
Positive
100DMA
5.37
Negative
200DMA
4.02
Positive
Market Momentum
MACD
0.03
Negative
RSI
58.17
Neutral
STOCH
77.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:HIVE, the sentiment is Positive. The current price of 4.71 is above the 20-day moving average (MA) of 4.08, above the 50-day MA of 4.62, and above the 200-day MA of 4.02, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 58.17 is Neutral, neither overbought nor oversold. The STOCH value of 77.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:HIVE.

HIVE Digital Technologies Peers Comparison

Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
$18.00B11.429.92%3.81%9.73%1.22%
55
Neutral
C$1.13B-14.79-7.18%60.71%-52.29%
46
Neutral
C$65.09M-8.5142.60%-321.35%
45
Neutral
C$8.92M-3.11-540.25%-33.97%59.10%
42
Neutral
C$1.43M-3.8560.00%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:HIVE
HIVE Digital Technologies
4.71
0.06
1.29%
TSE:WBG
Cascadia Blockchain Group Corp
TSE:PBIT
POSaBIT Systems
0.07
-0.02
-23.53%
TSE:BNXA
Banxa Holdings
1.55
0.49
47.14%

HIVE Digital Technologies Corporate Events

Business Operations and StrategyProduct-Related Announcements
HIVE Digital Pushes Into Paraguay With New AI Cloud Platform and Tier III Data Center
Positive
Jan 13, 2026

HIVE Digital Technologies is expanding its footprint in Paraguay through a strategic joint venture with the country’s largest telecommunications operator to launch one of the first purpose-built AI BUZZ Cloud platforms in Asunción, hosted in a Tier III data center. The initial rollout, slated to begin in the first quarter of 2026, will feature an enterprise-grade GPU cluster for AI training, inference and data-intensive workloads, with plans to scale based on demand and capital availability, leveraging Paraguay’s renewable hydroelectric power and national fiber network. Building on its existing Tier I data centers and substations developed for Bitcoin mining, HIVE is executing a phased strategy to evolve this energy-based infrastructure into higher-tier, AI-ready facilities, positioning Paraguay as an emerging hub for advanced digital infrastructure similar to development patterns seen in Texas and potentially fostering local economic growth and high-skilled tech employment.

The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
HIVE Digital Lifts Bitcoin Output and Expands Green Data Centre Capacity
Positive
Jan 7, 2026

HIVE Digital Technologies reported robust Bitcoin production for December 2025, generating 306 BTC—up 197% year over year—and averaging 23.3 EH/s in hashrate while maintaining over 2% of the global Bitcoin network despite higher mining difficulty and weather-related disruptions. For full-year 2025, output rose 31% to 2,311 BTC even as network difficulty hit record highs, and the company outlined plans to add 100 MW of hydro-powered data centre capacity in Paraguay by Q3 2026, which will expand its renewable energy footprint to about 540 MW and reinforce its positioning as a scale green-energy miner and AI infrastructure provider with a geographically diversified, resilient operating platform.

The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Business Operations and StrategyDelistings and Listing Changes
HIVE Digital Technologies Expands into Colombian Capital Markets
Positive
Dec 11, 2025

HIVE Digital Technologies has announced its listing on the Colombian Stock Exchange, marking its entry into Colombia’s deep Andean capital markets. This move positions HIVE as the first Bitcoin-and-AI infrastructure company to list in Colombia, enhancing its visibility among investors interested in sustainable computing and reinforcing its role as a leader in renewable-powered data centers. The listing aligns with Colombia’s growing status as a regional technology hub and offers HIVE a strategic inflection point to access interconnected Andean exchanges, thereby expanding its capital market channels and commitment to sustainable digital infrastructure.

The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Business Operations and StrategyDelistings and Listing Changes
HIVE Digital Technologies Expands into Colombian Market with New Stock Exchange Listing
Positive
Dec 11, 2025

HIVE Digital Technologies has announced its listing on the Colombian Stock Exchange, marking its entry into Colombia’s capital markets and reinforcing its position as a leader in green AI and Bitcoin infrastructure in Latin America. This move enhances HIVE’s visibility among investors and aligns with Colombia’s growth as a regional technology hub. The company is transitioning from Bitcoin mining to advanced AI and HPC cloud infrastructure, leveraging renewable energy sources to expand its market and accelerate revenue from enterprise AI and HPC customers.

The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
HIVE Digital Technologies Reports Record Bitcoin Production and Expands AI Infrastructure
Positive
Dec 10, 2025

HIVE Digital Technologies announced a significant increase in its Bitcoin production, achieving a year-to-date high of 290 BTC in November 2025, supported by a 25 EH/s global mining capacity. The company has fully deployed its 300 MW capacity in Paraguay and plans further expansion with an additional 100 MW hydroelectric-powered data center. HIVE is also advancing its AI and HPC infrastructure, with its subsidiary BUZZ HPC leading in network download speed, positioning the company at the forefront of green-energy AI infrastructure.

The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
HIVE Digital Technologies Launches $300 Million ATM Equity Program
Positive
Nov 26, 2025

HIVE Digital Technologies Ltd. has announced an equity distribution agreement to launch an ‘at-the-market’ equity program, allowing the company to sell up to US$300 million of its common shares. This strategic move is expected to enhance HIVE’s financial flexibility and support its growth initiatives in the sustainable data center infrastructure sector, potentially impacting its market position and stakeholder interests.

The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$4.00 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
HIVE Digital Technologies Achieves Record Revenue with Strategic Expansion
Positive
Nov 17, 2025

HIVE Digital Technologies reported a record revenue of $87.3 million for Q2 2025, marking a 285% year-over-year increase, driven by substantial growth in both Bitcoin mining and BUZZ HPC services. The company’s strategic expansion, including a rapid infrastructure build-out in Paraguay and advancements in AI and HPC capabilities, positions it for continued growth and leadership in the data infrastructure sector.

The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
HIVE Digital Technologies Expands AI Cloud with Dell Partnership
Positive
Nov 17, 2025

HIVE Digital Technologies, through its subsidiary BUZZ High Performance Computing, has announced a strategic collaboration with Dell Technologies to enhance its AI infrastructure. This expansion includes deploying a 63-node cluster of Dell PowerEdge servers, significantly boosting BUZZ’s AI Cloud capabilities. The initiative, part of a broader effort to position Canada as a leader in the global AI industry, is expected to increase BUZZ’s AI Cloud to over 11,000 GPUs by 2026, potentially generating an additional $120 million in annual revenue. This move underscores HIVE’s commitment to advancing AI technology and expanding its market presence.

The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$4.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
HIVE Digital Technologies Boosts Bitcoin Production and Expands AI Infrastructure
Positive
Nov 10, 2025

HIVE Digital Technologies reported a significant increase in Bitcoin production for October 2025, achieving 289 BTC and surpassing 24 EH/s of global mining capacity. The company completed its 100 MW Phase 3 expansion in Paraguay ahead of schedule, contributing to its record production levels. HIVE is also transforming its Canadian operations by upgrading its data centers to Tier III+ AI and HPC facilities, positioning itself as a leading green-energy AI infrastructure developer in Canada. This strategic shift aims to enhance shareholder value and align with national innovation goals.

The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$6.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Financial Disclosures
HIVE Digital Technologies to Announce Q2 2026 Financial Results
Neutral
Nov 7, 2025

HIVE Digital Technologies Ltd. has announced the release of its financial results for the six months ending September 30, 2025, scheduled for November 14, 2025. The company will hold an earnings call on November 17, 2025, to discuss these results. This announcement is significant for stakeholders as it provides insights into the company’s financial health and operational progress, potentially impacting its market positioning and investor confidence.

The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Business Operations and StrategyProduct-Related Announcements
HIVE Digital Technologies Expands AI and HPC Capabilities with New Land Acquisition
Positive
Nov 3, 2025

HIVE Digital Technologies has achieved a significant milestone by reaching 23 Exahash per second in Bitcoin-mining capacity, marking a 283% growth year-to-date. The company has also acquired 32.5 acres of land in Grand Falls, New Brunswick, to develop Tier III+ HPC data centers, positioning itself as a key player in the AI super cycle. This expansion leverages HIVE’s renewable energy resources and aims to support over 30,000 GPUs, enhancing its capacity to meet the growing demand for AI-driven computing power. The strategic move is expected to bolster HIVE’s position in the AI industrial revolution, offering scalable and green-powered compute solutions.

The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$7.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Business Operations and Strategy
HIVE Digital Technologies Expands Bitcoin Mining and AI Cloud Operations
Positive
Oct 27, 2025

HIVE Digital Technologies has achieved a significant milestone by surpassing 22 EH/s in Bitcoin mining capacity, marking a 267% growth year-to-date. The company is also accelerating the conversion of its Tier-1 data centers into Tier-3 high-performance computing facilities in Sweden, aiming to expand its AI cloud operations. This strategic move is expected to enhance cash flow generation and strengthen HIVE’s position as a dual-engine digital-power company, bridging blockchain and AI. The expansion is supported by renewable energy sources, ensuring sustainable growth and operational efficiency.

The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$7.00 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Business Operations and Strategy
HIVE Digital Technologies Expands Green Infrastructure with New Paraguay Data Center
Positive
Oct 21, 2025

HIVE Digital Technologies announced a significant expansion in Paraguay with a new 100 MW hydroelectric-powered data center, increasing its total renewable capacity in the country to 400 MW. This development aims to boost HIVE’s global Bitcoin mining target to 35 EH/s by 2026, reinforcing its commitment to sustainable digital infrastructure. Additionally, HIVE plans to expand its high-performance computing and AI operations through strategic partnerships, notably with Bell Canada, to quintuple its HPC capacity by 2026. This expansion positions HIVE as a global leader at the intersection of blockchain and AI, enhancing its market positioning and stakeholder value.

The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$10.00 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 07, 2025