tiprankstipranks
Trending News
More News >
HIVE Digital Technologies (TSE:HIVE)
:HIVE
Advertisement

HIVE Digital Technologies (HIVE) AI Stock Analysis

Compare
1,175 Followers

Top Page

TSE:HIVE

HIVE Digital Technologies

(NASDAQ:HIVE)

Rating:58Neutral
Price Target:
C$4.00
▲(8.70% Upside)
HIVE Digital Technologies shows strong technical momentum and strategic growth in its HPC business, but faces significant challenges in profitability and valuation. The earnings call provided positive guidance, yet regulatory and operational risks remain.
Positive Factors
Earnings
HIVE reported better-than-expected F1Q26 results, with total revenues of $45.6M, ahead of consensus estimates at $43.9M, and up 46% quarter over quarter.
Strategic Expansion
The company is making encouraging progress with its dual strategy, notably expanding its HPC footprint by 3.5 times with a new data center in Toronto.
Valuation
HIVE is seen as very attractively valued at current levels, trading at ~$32M per deployed EH, which is well below large-scale peers averaging ~$115M per EH.
Negative Factors
Earnings Miss
Shares are currently underperforming due to a recent earnings miss.
Market Valuation
HIVE is significantly undervalued in the market, with a growing disconnect between its current valuation and the underlying business fundamentals.
Stock Performance
HIVE shares are down 22% year-to-date, significantly underperforming both crypto mining peers and the Nasdaq.

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 through multiple streams, primarily by offering subscription-based software solutions and consulting services. The company sells its proprietary software products to businesses on a subscription model, providing ongoing support and updates. Additionally, HIVE earns revenue through consulting services, where it partners with clients to implement digital transformation strategies and optimize their technology infrastructure. Key partnerships with cloud service providers and technology vendors also enhance HIVE's service offerings, allowing the company to deliver comprehensive solutions that attract new clients and retain existing ones. Furthermore, HIVE may generate additional income through data analytics services, where it helps organizations derive actionable insights from their data, thereby creating further value for clients and solidifying long-term relationships.

HIVE Digital Technologies Earnings Call Summary

Earnings Call Date:Aug 15, 2025
(Q4-2025)
|
% Change Since: |
Next Earnings Date:Nov 17, 2025
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 revenue growth but struggles with profitability and cash flow. The balance sheet is stable with low leverage, yet operational inefficiencies and cash flow issues pose risks.
Income Statement
45
Neutral
HIVE Digital Technologies has shown a positive revenue growth rate of 11.46% in the TTM period, indicating a recovery from previous declines. However, the company struggles with profitability, as evidenced by negative gross profit margins and fluctuating net profit margins over the years. The EBIT and EBITDA margins are also inconsistent, reflecting operational challenges.
Balance Sheet
60
Neutral
The company's balance sheet is relatively stable, with a low debt-to-equity ratio of 0.07 in the TTM period, suggesting conservative leverage. However, the return on equity is modest at 6.68%, indicating limited profitability from equity investments. The equity ratio remains healthy, supporting financial stability.
Cash Flow
40
Negative
Cash flow analysis reveals challenges, with negative free cash flow and a high free cash flow to net income ratio, indicating cash flow issues. Although operating cash flow has improved, the free cash flow growth rate remains volatile, suggesting potential liquidity concerns.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue130.06M115.28M114.47M106.32M211.26M88.34M
Gross Profit-41.87M-39.34M40.39M-30.46M96.91M60.83M
EBITDA107.59M68.39M24.48M-150.44M146.30M36.18M
Net Income28.76M-3.00M-51.20M-236.42M79.62M24.14M
Balance Sheet
Total Assets628.73M531.60M307.58M196.12M452.27M178.33M
Cash, Cash Equivalents and Short-Term Investments58.30M47.51M16.65M7.24M22.32M41.27M
Total Debt40.23M55.16M30.72M35.41M43.32M30.89M
Total Liabilities68.21M82.46M47.89M47.30M63.22M43.86M
Stockholders Equity560.52M449.14M259.69M148.82M389.05M134.47M
Cash Flow
Free Cash Flow-177.82M-157.67M-65.73M1.95M-146.56M-42.29M
Operating Cash Flow30.52M16.63M13.53M44.78M68.49M22.95M
Investing Cash Flow-236.67M-183.77M-78.36M-40.89M-214.19M-66.86M
Financing Cash Flow204.94M180.73M70.15M-4.64M110.77M78.29M

HIVE Digital Technologies Technical Analysis

Technical Analysis Sentiment
Positive
Last Price3.68
Price Trends
50DMA
3.16
Positive
100DMA
2.83
Positive
200DMA
3.41
Positive
Market Momentum
MACD
0.26
Negative
RSI
61.74
Neutral
STOCH
72.56
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 3.68 is above the 20-day moving average (MA) of 3.45, above the 50-day MA of 3.16, and above the 200-day MA of 3.41, indicating a bullish trend. The MACD of 0.26 indicates Negative momentum. The RSI at 61.74 is Neutral, neither overbought nor oversold. The STOCH value of 72.56 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
$18.05B11.7310.24%3.73%9.66%1.70%
65
Neutral
C$197.21M66.43-6.67%-90.34%
60
Neutral
C$3.98B20.0115.87%2.40%27.15%
58
Neutral
$865.85M-5.84%7.57%40.56%
56
Neutral
C$133.45M60.00-0.89%-20.75%-84.00%
52
Neutral
C$51.06M9.33-75.81%-98.96%-214.13%
$696.37M-15.17%
* Financial Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:HIVE
HIVE Digital Technologies
3.76
0.23
6.52%
TSE:HODL
Sol Strategies
10.21
9.01
750.83%
TSE:DEFI
DeFi Technologies
0.83
0.00
0.00%
TSE:NDA
Neptune Digital Assets
0.97
0.73
304.17%
TSE:HUT
Hut 8
35.41
23.20
190.01%
BITF
Bitfarms
1.29
-0.50
-27.93%

HIVE Digital Technologies Corporate Events

Business Operations and StrategyFinancial Disclosures
HIVE Digital Technologies Boosts Bitcoin Mining Capacity and Production
Positive
Aug 7, 2025

HIVE Digital Technologies has surpassed 15 EH/s in Bitcoin mining capacity as part of its Yguazú project, with plans to reach 18 EH/s by the end of summer 2025. The company reported a 24% increase in Bitcoin production in July and aims to achieve 25 EH/s by American Thanksgiving, enhancing shareholder value through its Bitcoin pledge strategy and without equity dilution.

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.

Business Operations and Strategy
HIVE Digital Technologies Surpasses 14 EH/s in Bitcoin Mining Amid Global Expansion
Positive
Jul 30, 2025

HIVE Digital Technologies has achieved a significant milestone by surpassing 14 EH/s in Bitcoin mining hashrate, with plans to expand to 25 EH/s by Thanksgiving. This growth is driven by favorable market conditions, including rising Bitcoin prices and increased institutional adoption of digital assets. The company is expanding its operations in Paraguay, with a focus on sustainable leadership and community upliftment, and expects to increase its daily Bitcoin production significantly by year-end. HIVE’s strategy aligns with global trends such as the rise of stablecoins and regulatory clarity in the U.S., further solidifying its position in the digital economy.

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.

Business Operations and StrategyFinancial Disclosures
HIVE Digital Technologies Achieves 13 EH/s in Bitcoin Mining, Eyes Further Expansion
Positive
Jul 24, 2025

HIVE Digital Technologies has surpassed a 13 EH/s global Bitcoin mining hashrate, with significant growth driven by its new hydro-cooled facilities in Paraguay. The company aims to reach 18 EH/s by August 2025 and 25 EH/s by U.S. Thanksgiving, projecting $400 million in annualized revenue at 18 EH/s and $550 million at 25 EH/s, with mining margins approaching 60%. This expansion underscores HIVE’s strategic focus on efficiency and cost-effective operations, positioning it as a leader in the Bitcoin mining 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.

Business Operations and StrategyFinancial Disclosures
HIVE Digital Technologies Surpasses 12 EH/s in Bitcoin Mining, Eyes Further Expansion
Positive
Jul 11, 2025

HIVE Digital Technologies has achieved a significant milestone by exceeding 12 Exahash per second in global Bitcoin mining hashrate and reaching a $250 million annualized revenue run rate. This achievement is largely due to the company’s rapid expansion in Yguazú, Paraguay, where it is constructing hydro-powered data center campuses. The expansion is expected to transform the region into a hub for Bitcoin innovation and renewable infrastructure, creating jobs and setting a global benchmark for sustainability in digital asset mining. HIVE aims to further increase its hashrate to 18 EH/s by the end of summer and 25 EH/s by Thanksgiving 2025, with anticipated revenue run rates of $400 million and expanding mining margins.

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.

Product-Related AnnouncementsPrivate Placements and FinancingBusiness Operations and Strategy
HIVE Digital Technologies Boosts Bitcoin Production and Expands AI Infrastructure
Positive
Jul 8, 2025

HIVE Digital Technologies has announced an 18% increase in Bitcoin production in June, attributed to its expansion in Paraguay. The company is on track to achieve a production target of 12 Bitcoin per day by the end of the year, with plans to scale up to 25 EH/s by American Thanksgiving. The launch of Phase 2 at its hydro-powered facility in Paraguay is expected to further enhance production efficiency and capacity. Additionally, HIVE’s subsidiary, BUZZ High Performance Computing Inc., is expanding its AI infrastructure in Canada, positioning itself as a key player in the country’s AI sector. The company has also strengthened its capital position through a successful equity program.

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.

Business Operations and StrategyFinancial Disclosures
HIVE Digital Technologies Reports Strong FY2025 Revenue and Strategic Expansion
Positive
Jun 26, 2025

HIVE Digital Technologies reported a total revenue of $115.3 million for FY2025, with significant growth in AI GPU revenue and a notable increase in Bitcoin mining capacity. Despite a net loss of $3.0 million, the company achieved a 40% increase in operational hashrate and expanded its infrastructure in Paraguay, positioning itself for future growth in both the mining and HPC sectors.

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.

Product-Related AnnouncementsBusiness Operations and Strategy
BUZZ HPC Expands AI Capabilities with New NVIDIA Hopper GPU Cluster
Positive
Jun 24, 2025

BUZZ High Performance Computing, a subsidiary of HIVE Digital Technologies, has launched a new NVIDIA Hopper GPU cluster in Quebec, enhancing its position as a leading Canadian sovereign AI cloud provider. This expansion reflects growing demand for domestic AI capacity and supports sectors such as generative AI, autonomous systems, and genomic medicine. The company is committed to fostering innovation by offering free and subsidized HPC credits to Canadian entities, thereby reducing barriers to accessing advanced computing power.

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.

M&A TransactionsBusiness Operations and Strategy
HIVE Digital Technologies Acquires Toronto Data Center to Boost AI and HPC Infrastructure
Positive
Jun 23, 2025

HIVE Digital Technologies has announced the acquisition of a 7.2 MW data center in Toronto, marking a significant step in its strategy to enhance high-performance computing infrastructure and develop a sovereign Canadian AI ecosystem through its subsidiary, BUZZ HPC. This acquisition positions BUZZ HPC as a leader in Canada’s digital infrastructure, enabling the deployment of advanced compute infrastructure to support AI workloads for Canadian enterprises and government initiatives. The move aligns with HIVE’s commitment to sustainable digital infrastructure and positions the company to lead in the next-generation AI and HPC data center 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.

Business Operations and Strategy
HIVE Digital Technologies Surpasses Bitcoin Mining Milestone with Sustainable Expansion in Paraguay
Positive
Jun 20, 2025

HIVE Digital Technologies has achieved a significant milestone by surpassing 11 Exahash per second (EH/s) in Bitcoin mining hashrate, completing Phase 1 of its Yguazú site in Paraguay ahead of schedule. This expansion, powered by 100% renewable hydroelectricity, aligns with HIVE’s commitment to sustainable growth and positions the company to reach 25 EH/s by Thanksgiving 2025. The project not only enhances HIVE’s operational capacity but also contributes to local communities by creating jobs, improving infrastructure, and supporting economic stability.

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.

Financial Disclosures
HIVE Digital Technologies to Announce Fiscal Year 2025 Financial Results
Neutral
Jun 16, 2025

HIVE Digital Technologies announced it will release its financial results for fiscal Q4 and the full year ending March 31, 2025, on June 26, 2025. The release will be followed by an earnings conference call and webcast, highlighting the company’s commitment to transparency and stakeholder engagement.

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.

Product-Related AnnouncementsBusiness Operations and Strategy
HIVE Digital Technologies Surpasses 10 EH/s in Bitcoin Mining, Targets 25 EH/s by Year-End
Positive
Jun 6, 2025

HIVE Digital Technologies has achieved a significant milestone by surpassing 10 Exahash per second in Bitcoin mining capacity, marking a 58% increase in peak hashrate within a month. This growth is attributed to the energization of its 100 MW hydro-powered facility in Paraguay, reinforcing its position as a leader in sustainable and efficient Bitcoin mining. The company aims to reach 25 EH/s by the end of 2025, which is expected to enhance daily Bitcoin production and reduce costs, positioning HIVE as a formidable player 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.

Business Operations and StrategyFinancial Disclosures
HIVE Digital Technologies Surpasses Milestones in Bitcoin Mining and GPU Cloud Growth
Positive
May 28, 2025

HIVE Digital Technologies has achieved a significant milestone by surpassing 10 Exahash per second (EH/s) in Bitcoin mining hashrate, with plans to reach 11.5 EH/s by June 2025. This growth is part of a strategic expansion towards a target of 25 EH/s by Q4 2025, fully funded and ahead of schedule. Additionally, HIVE’s subsidiary, Buzz HPC, has exceeded expectations by achieving a $20 million annualized run-rate revenue in its GPU cloud business, reinforcing its position as a leader in GPU cloud infrastructure.

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.

Business Operations and Strategy
HIVE Digital Technologies Achieves Record Bitcoin Mining Milestone
Positive
May 22, 2025

HIVE Digital Technologies has achieved a record 9.5 EH/s in Bitcoin mining hashrate, marking a significant milestone in its growth strategy. This positions the company above 1% of the global Bitcoin network and reflects its commitment to sustainable growth and shareholder value. The company plans to expand further, aiming for 25 EH/s by the end of 2025, with new facilities in Paraguay enhancing its capacity and efficiency.

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.

Business Operations and Strategy
HIVE Digital Technologies Accelerates Bitcoin Mining Expansion
Positive
May 15, 2025

HIVE Digital Technologies has surpassed 8.3 EH/s in Bitcoin mining hashrate, driven by its new hydro-powered facility in Paraguay, and is on track to reach 11.5 EH/s by June 2025. The company plans to expand to 25 EH/s by the end of 2025, leveraging its Bitcoin treasury to fund ASIC orders without significant cash outlay, aiming to enhance operational efficiency and reduce production costs.

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.

Private Placements and FinancingBusiness Operations and Strategy
HIVE Digital Technologies Expands Financial Flexibility with Upsized ATM Program
Positive
May 14, 2025

HIVE Digital Technologies Ltd. has announced an amended and restated equity distribution agreement, allowing the company to sell up to US$119,226,903 of common shares through an at-the-market (ATM) program. This move provides HIVE with financial flexibility to support general corporate needs, fund ongoing operations, repay debt, and potentially pursue future acquisitions, reflecting its strategic focus on maintaining a strong market position in sustainable digital infrastructure.

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.

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: Aug 29, 2025