HIVE Digital Technologies (NASDAQ:HIVE) Announces Earnings Results

HIVE Digital Technologies (NASDAQ:HIVE) posted its earnings results on Tuesday. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07), Zacks reports. HIVE Digital Technologies had a negative net margin of 49.21% and a negative return on equity of 22.60%. The company had revenue of $71.82 million for the quarter, compared to analysts’ expectations of $79.99 million.

Here are the key takeaways from HIVE Digital Technologies’ conference call:

• HIVE said fiscal 2026 was a strong growth year, with approximately CAD 300 million in revenue, CAD 107 million in gross operating margin, and CAD 76 million in net operating income, while adjusted EBITDA improved year over year.
• The company emphasized its shift toward AI and HPC infrastructure, saying its BUZZ cloud business is scaling rapidly and that 100% of future growth this year is expected to come from HPC and AI. Management said the GPU cloud business is already generating revenue and should continue to expand.
• HIVE highlighted a successful CAD 115 million zero-coupon exchangeable note offering, which management said helps fund GPU expansion with minimal dilution and provided strong validation from institutional investors.
• The company unveiled a major Toronto-area gigafactory plan targeting up to 100,000 GPUs and management framed it as a multi-billion-dollar opportunity that could materially lift future ARR and enterprise value. They also cited a broader 500+ MW HPC power pipeline across Canada, Sweden, and Paraguay.
• In Q&A, management said the new Greater Toronto site has the needed power allocation but is still early in the development process, with details on tenants, permitting, and interconnection intentionally limited. They repeatedly told analysts to “stay tuned” for future disclosure on those milestones.

HIVE Digital Technologies Stock Down 3.5%

HIVE opened at $4.38 on Thursday. The company has a market capitalization of $1.16 billion, a PE ratio of -7.82 and a beta of 3.74. The firm has a 50-day simple moving average of $2.82 and a two-hundred day simple moving average of $2.75. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.02. HIVE Digital Technologies has a 52 week low of $1.60 and a 52 week high of $7.84.

HIVE Digital Technologies News Summary

Here are the key news stories impacting HIVE Digital Technologies this week:

• Positive Sentiment: HC Wainwright reaffirmed its Buy rating on HIVE and set a $7.00 price target, implying meaningful upside from current levels. Analyst rating article
• Positive Sentiment: HIVE reported fiscal 2026 revenue of $297.8 million, up 158% year over year, with BUZZ high-performance computing revenue also hitting a record level, supporting the company’s AI infrastructure growth narrative. FY2026 revenue release
• Positive Sentiment: Recent coverage suggests investors may be underestimating HIVE’s AI infrastructure expansion and its potential to become a larger growth engine beyond Bitcoin mining. Analyst commentary
• Neutral Sentiment: Trading activity was elevated, including unusually large call-option volume, which may reflect speculative positioning ahead of earnings and strategic updates. Options activity reference
• Negative Sentiment: Despite revenue growth, HIVE’s latest quarterly results showed a net loss and a revenue miss versus estimates, reminding investors that profitability remains a challenge. Earnings miss article
• Negative Sentiment: One article notes investors are weighing whether HIVE’s AI pivot can offset growing pressure on Bitcoin mining, which may limit enthusiasm near term. AI ambitions article

Analyst Ratings Changes

Several research firms recently issued reports on HIVE. Northland Securities set a $6.00 target price on HIVE Digital Technologies in a research note on Wednesday, February 18th. Canaccord Genuity Group restated a “buy” rating and set a $10.00 target price on shares of HIVE Digital Technologies in a report on Friday, April 24th. HC Wainwright reissued a “buy” rating and set a $7.00 price objective on shares of HIVE Digital Technologies in a research report on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of HIVE Digital Technologies in a report on Monday, May 11th. Finally, Cantor Fitzgerald raised their target price on shares of HIVE Digital Technologies from $3.00 to $4.60 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Six equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $6.51.

Hedge Funds Weigh In On HIVE Digital Technologies

Several large investors have recently modified their holdings of HIVE. NewEdge Advisors LLC raised its holdings in shares of HIVE Digital Technologies by 1,885.8% in the fourth quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock valued at $26,000 after acquiring an additional 9,429 shares in the last quarter. State of Wyoming acquired a new stake in shares of HIVE Digital Technologies in the 4th quarter worth $28,000. Rafferty Asset Management LLC acquired a new position in shares of HIVE Digital Technologies during the fourth quarter valued at about $28,000. Compound Planning Inc. purchased a new position in shares of HIVE Digital Technologies in the fourth quarter worth $36,000. Finally, Kestra Advisory Services LLC acquired a new stake in HIVE Digital Technologies during the 4th quarter worth about $36,000. Institutional investors own 24.42% of the company’s stock.

About HIVE Digital Technologies

HIVE Digital Technologies Ltd is a publicly traded blockchain infrastructure company that specializes in the mining of digital assets such as Bitcoin and Ethereum. Using high-performance GPU and ASIC hardware, HIVE deploys proprietary mining rigs across multiple data centers to validate transactions on major blockchain networks. The company’s operations are designed to maximize hashing power while maintaining efficiency and uptime, enabling it to build and hold a portfolio of mined cryptocurrencies.

Headquartered in Vancouver, British Columbia, HIVE Digital operates data center facilities in North America and Europe, including Canada, Sweden and Iceland.