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HIVE Digital Technologies
(HIVE)
HIVE Digital Technologies (HIVE) vs. iShares MSCI Canada ETF (EWC)
HIVE Digital Technologies Business Overview & Revenue Model
HIVE Digital Technologies Earnings Call Summary
HIVE Digital Technologies Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 130.06M | 115.28M | 114.47M | 106.32M | 211.26M | 88.34M |
| Gross Profit | -41.87M | -39.34M | 40.39M | -30.46M | 96.91M | 60.83M |
| EBITDA | 107.59M | 68.39M | 24.48M | -150.44M | 146.30M | 36.18M |
| Net Income | 28.76M | -3.00M | -51.20M | -236.42M | 79.62M | 24.14M |
Balance Sheet | ||||||
| Total Assets | 628.73M | 531.60M | 307.58M | 196.12M | 452.27M | 178.33M |
| Cash, Cash Equivalents and Short-Term Investments | 58.30M | 47.51M | 16.65M | 7.24M | 22.32M | 41.27M |
| Total Debt | 40.23M | 55.16M | 30.72M | 35.41M | 43.32M | 30.89M |
| Total Liabilities | 68.21M | 82.46M | 47.89M | 47.30M | 63.22M | 43.86M |
| Stockholders Equity | 560.52M | 449.14M | 259.69M | 148.82M | 389.05M | 134.47M |
Cash Flow | ||||||
| Free Cash Flow | -177.82M | -157.67M | -65.73M | 1.95M | -146.56M | -42.29M |
| Operating Cash Flow | 30.52M | 16.63M | 13.53M | 44.78M | 68.49M | 22.95M |
| Investing Cash Flow | -236.67M | -183.77M | -78.36M | -40.89M | -214.19M | -66.86M |
| Financing Cash Flow | 204.94M | 180.73M | 70.15M | -4.64M | 110.77M | 78.29M |
HIVE Digital Technologies Technical Analysis
HIVE Digital Technologies Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | C$88.73M | -22.25 | -6.67% | ― | ― | -90.34% | |
60 Neutral | C$7.16B | 35.55 | 18.75% | ― | 7.46% | -4.30% | |
56 Neutral | C$97.86M | ― | -0.89% | ― | -20.75% | -84.00% | |
53 Neutral | $2.85B | ― | -15.17% | ― | 46.65% | 44.91% | |
52 Neutral | C$86.46M | -3.67 | -75.81% | ― | -98.96% | -214.13% | |
48 Neutral | $1.52B | ― | -5.84% | ― | 7.57% | 40.56% |
HIVE Digital Technologies Corporate Events
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.
On November 3, 2025, HIVE Digital Technologies announced significant advancements in its operations, achieving a milestone of 23 Exahash per second in Bitcoin-mining capacity and acquiring 32.5 acres in Grand Falls, New Brunswick for the development of Tier III+ AI HPC data centers. This expansion is part of HIVE’s strategy to leverage renewable energy for scalable, high-density computing solutions, aligning with the AI super cycle’s demands. The company aims to support over 30,000 GPUs for AI workloads, enhancing its position as a leader in the AI-driven HPC market. These developments are expected to create substantial opportunities for growth and efficiency, reinforcing HIVE’s commitment to sustainable, high-performance digital infrastructure.
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.
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.
HIVE Digital Technologies announced a significant expansion with a new 100 MW hydroelectric-powered data-center in Paraguay, aiming to increase its Bitcoin mining capacity to 35 EH/s by 2026. This expansion, alongside strategic partnerships like the one with Bell Canada, positions HIVE as a prominent player in the digital infrastructure space, leveraging renewable energy to drive growth in both Bitcoin mining and AI operations.
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.
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.
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.
HIVE Digital Technologies reported a significant increase in its Bitcoin production for September 2025, achieving 267 BTC, which marks an 8% month-over-month and a 138% year-over-year growth. The company is nearing the completion of its Phase 3 Valenzuela facility, which is ahead of schedule, and aims to scale its operations to 25 EH/s by U.S. Thanksgiving. This expansion is expected to enhance HIVE’s operational strength and efficiency, leveraging its renewable energy sources and strategic partnerships to boost its position in the digital infrastructure industry.
The most recent analyst rating on (TSE:HIVE) stock is a Buy 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.
HIVE Digital Technologies announced a significant increase in Bitcoin production for September 2025, achieving 267 BTC, an 8% rise from the previous month and a 138% increase year-over-year. The company is nearing completion of its Phase 3 Valenzuela facility, which is expected to enhance its operational capacity to 25 EH/s by U.S. Thanksgiving. HIVE’s strategic focus on renewable energy and efficient operations positions it strongly within the industry, with ongoing expansions in AI cloud capabilities and strategic partnerships broadening its market reach.
The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.
On September 24, 2025, HIVE Digital Technologies announced reaching 20 Exahash per second of global Bitcoin mining capacity, marking a significant milestone in its expansion strategy. This achievement, driven by the completion of Phase 3 at its Valenzuela facility in Paraguay, positions HIVE as a leader in sustainable Bitcoin mining, with a commitment to impact investing in community education. The company now mines 9 Bitcoin daily, representing 2% of the Bitcoin network, and anticipates further growth to 25 EH/s by U.S. Thanksgiving, enhancing shareholder value and operational efficiency.
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.
HIVE Digital Technologies has achieved a significant milestone by reaching 20 Exahash per second of Bitcoin mining capacity, representing 2% of the global Bitcoin network. This expansion, powered by green energy, highlights HIVE’s commitment to sustainable operations and positions it as a leader in the Bitcoin mining industry. The company anticipates further growth in its mining capacity and efficiency, aiming for 25 EH/s by U.S. Thanksgiving. Additionally, HIVE is dedicated to impact investing in community education, particularly in Paraguay, where it supports local schools and educational initiatives, reinforcing its mission to create a positive social impact alongside technological advancements.
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.
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.
BUZZ HPC has acquired a 7.2 MW data center site in Toronto to establish a Tier III+ facility for AI workloads, enhancing Canada’s sovereign AI infrastructure. This move, in collaboration with Bell Canada, aims to bolster Toronto’s AI ecosystem by providing scalable and secure data solutions, supporting economic growth and innovation in the AI sector.
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.
HIVE Digital Technologies has completed the acquisition of a 7.2 MW data center in Toronto, Canada, through its subsidiary BUZZ High Performance Computing. This acquisition will upgrade the facility to Tier 3 standards, expanding BUZZ’s footprint in Canada and enhancing its capabilities in AI and HPC. The move aligns with HIVE’s strategy to transform former Bitcoin mining facilities into AI-ready infrastructure, strengthening its market position and partnership with Bell Canada. The acquisition, valued at CAD$17.25 million, underscores HIVE’s commitment to leading digital infrastructure transformation and meeting the growing demand for AI and enterprise cloud solutions.
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.
HIVE Digital Technologies Ltd. announced a significant 22% increase in Bitcoin production for August 2025, attributed to their operational strength and expansion efforts in Paraguay. The company has completed Phase 2 of the Yguazú Project, reaching over 18 EH/s of global mining capacity, and is advancing with Phase 3, which is expected to further boost production. HIVE aims to achieve 25 EH/s by U.S. Thanksgiving 2025, strengthening its position in the Bitcoin network and enhancing shareholder value. These developments underscore HIVE’s commitment to growth and operational efficiency, with a focus on utilizing renewable energy sources.
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.
HIVE Digital Technologies Ltd. announced a significant 22% increase in Bitcoin production for August 2025, reflecting strong operational capabilities and expansion efforts in Paraguay. The completion of Phase 2 of the Yguazú Project and the near-completion of the Phase 3 Valenzuela site have propelled HIVE’s global mining capacity to 18.5 EH/s, with expectations to reach 25 EH/s by U.S. Thanksgiving 2025. This expansion is expected to enhance HIVE’s position in the Bitcoin network and deliver substantial value to shareholders, as the company continues to focus on efficient and sustainable operations powered by renewable energy.
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.
HIVE Digital Technologies announced the completion of Phase 2 of its Yguazú project in Paraguay, reaching a global Bitcoin mining capacity of 18 EH/s, ahead of schedule. The project utilizes renewable hydroelectric energy from the Itaipú Dam, and the company is now mining over 8.5 Bitcoin per day. With the completion of Phase 3 at the Valenzuela site expected by U.S. Thanksgiving, HIVE aims to increase its daily Bitcoin production to approximately 12 BTC, representing about 3% of the global Bitcoin mining network. This expansion underscores HIVE’s commitment to sustainable growth and operational efficiency, leveraging its dual business model of Bitcoin mining and AI cloud computing.
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.
HIVE Digital Technologies has completed Phase 2 of its Yguazú project in Paraguay, achieving a global Bitcoin mining capacity of 18 EH/s, powered by hydroelectric energy from the Itaipú Dam. With the completion of this phase, HIVE is now mining over 8.5 Bitcoin per day and plans to further expand to 25 EH/s by U.S. Thanksgiving, projecting a daily production of approximately 12 Bitcoin. The expansion involves deploying additional ASICs, with capital expenditures already accounted for, ensuring predictable costs and efficiency in operations.
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.
Hive Digital Technologies Ltd., a global leader in sustainable data center infrastructure, specializes in blockchain and AI infrastructure powered by renewable hydroelectric energy, with operations spanning Canada, Sweden, and Paraguay. In its fiscal Q1 2026 earnings report, Hive Digital Technologies announced record revenues of $45.6 million and an adjusted EBITDA of $44.6 million, driven by a significant 45% increase in hashrate and strong performance in both Bitcoin mining and high-performance computing (HPC) operations. The company reported a 44.9% increase in digital currency mining revenue to $40.8 million and a 59.8% rise in HPC revenue to $4.8 million, reflecting robust demand and operational efficiency. Hive mined 406 Bitcoin, marking a 34% sequential increase, and achieved a gross operating margin of 34.7%. The company ended the quarter with a net income of $35.0 million, bolstered by gains on digital currencies and derivative assets. Looking forward, Hive’s management remains optimistic about its growth trajectory, aiming to reach a 25 EH/s hashrate by Thanksgiving and expanding its HPC business with strategic acquisitions, positioning the company for continued expansion and value creation.
HIVE Digital Technologies Ltd. announced on August 25, 2025, that it has surpassed 16 Exahash per second (EH/s) of global Bitcoin mining hashrate, doubling its production since May 2025. This milestone is part of HIVE’s expansion in Paraguay, with plans to reach 25 EH/s by U.S. Thanksgiving. The company aims to increase its daily Bitcoin output to 12 BTC per day and improve global fleet efficiency to approximately 17.5 J/TH. This expansion highlights HIVE’s focus on energy efficiency and scaling its operations to secure the future of Bitcoin while generating robust cash flow for shareholders.
The most recent analyst rating on (TSE:HIVE) stock is a Buy 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.
HIVE Digital Technologies has achieved a significant milestone by surpassing 16 EH/s in global Bitcoin mining hashrate, with plans to reach 25 EH/s by U.S. Thanksgiving. The expansion in Paraguay, particularly at the Yguazú site, is a key driver of this growth, enabling HIVE to double its Bitcoin production since May. The company’s strategic focus on energy efficiency and scaling operations is expected to enhance its market position and generate substantial cash flow for shareholders.
The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$11.00 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.
BUZZ High Performance Computing, a subsidiary of HIVE Digital Technologies, has partnered with Bell Canada to establish one of Canada’s largest sovereign AI ecosystems. This collaboration will provide Canadian innovators with access to advanced NVIDIA AI infrastructure, ensuring nationwide reach and compliance with data residency laws. The initiative is set to enhance AI innovation and competitiveness in Canada, leveraging secure, scalable, and eco-friendly infrastructure.
The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$6.00 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.
On August 15, 2025, HIVE Digital Technologies announced record financial results for the first quarter of fiscal year 2026, ending June 30, 2025. The company reported a revenue of $45.6 million, driven by a 45% increase in hashrate and strong performance in Bitcoin mining and HPC operations. HIVE mined 406 Bitcoin, marking a 34% increase from the previous quarter, and achieved a net income of $35 million. The company continues to expand its operations, aiming to reach 25 EH/s by Thanksgiving, and is advancing its BUZZ HPC business with strategic acquisitions and developments in Canada.
The most recent analyst rating on (TSE:HIVE) stock is a Buy 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.
HIVE Digital Technologies Ltd. released its condensed interim consolidated financial statements for the three months ended June 30, 2025, showing an increase in revenue from digital currency mining and high-performance computing compared to the same period in 2024. The company’s financial position improved with total assets rising to $628.7 million from $531.6 million as of March 31, 2025, and a reduction in total liabilities. This financial performance indicates a strengthening of HIVE’s market position and operational capacity, potentially benefiting stakeholders.
The most recent analyst rating on (TSE:HIVE) stock is a Buy 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.