HIVE Digital Technologies (NASDAQ:HIVE) Shares Gap Up – Still a Buy?

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) gapped up prior to trading on Monday . The stock had previously closed at $2.69, but opened at $3.01. HIVE Digital Technologies shares last traded at $2.9610, with a volume of 16,765,519 shares traded.

HIVE Digital Technologies News Summary

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

• Positive Sentiment: HIVE’s wholly owned BUZZ High Performance Computing subsidiary signed a five-year GPU cloud services agreement with an investment-grade enterprise customer valued at approximately $350 million. The contract is expected to generate about $70 million in annualized revenue and increase BUZZ HPC’s total annualized revenue to roughly $180 million. HIVE Digital Technologies inks five-year, $350M GPU cloud agreement
• Positive Sentiment: The agreement reportedly involves delivery of 2,016 Nvidia Blackwell Ultra GPUs, highlighting growing demand for HIVE’s computing capacity and supporting its strategic shift beyond cryptocurrency mining into AI infrastructure. HIVE Digital to deliver 2,016 Nvidia Blackwell Ultra GPUs in five-year deal
• Positive Sentiment: HIVE reported fiscal first-quarter revenue of $79.1 million, a 74% year-over-year increase, while contracted GPU-cloud annual recurring revenue reached approximately $110 million. The latest contract could substantially expand that recurring-revenue base. HIVE Reports Q1 2027 Revenue of $79.1 Million
• Neutral Sentiment: Investors will likely focus on HIVE’s ability to deploy the required GPUs on schedule, convert the contract into cash flow, and fund continued AI-infrastructure expansion. Execution and financing needs could affect the ultimate benefit of the agreement. What Should Readers Watch in HIVE Digital Technologies
• Negative Sentiment: Despite strong revenue growth, HIVE’s latest quarter showed a $0.54 per-share loss, wider than the expected $0.21 loss, and revenue slightly below analyst estimates. The company’s negative margins and ongoing losses remain key risks that could limit the stock’s upside. HIVE reports 74% revenue jump in fiscal Q1 2027 earnings

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of HIVE Digital Technologies from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 12th. Chardan Capital initiated coverage on shares of HIVE Digital Technologies in a research report on Monday, July 27th. They issued a “buy” rating and a $7.50 target price for the company. Rosenblatt Securities lifted their target price on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. B. Riley Financial boosted their price target on shares of HIVE Digital Technologies from $5.00 to $8.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, UBS Group set a $8.00 price target on shares of HIVE Digital Technologies in a research note on Wednesday, June 3rd. Seven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.95.

HIVE Digital Technologies Price Performance

The company has a market capitalization of $826.04 million, a PE ratio of -2.39 and a beta of 3.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a 50 day moving average price of $3.34 and a two-hundred day moving average price of $2.86.

HIVE Digital Technologies (NASDAQ:HIVE) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.33). HIVE Digital Technologies had a negative net margin of 98.49% and a negative return on equity of 29.90%. The firm had revenue of $79.12 million during the quarter, compared to the consensus estimate of $81.72 million. During the same period in the previous year, the firm posted $0.18 EPS. Equities analysts forecast that HIVE Digital Technologies Ltd. will post -0.78 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Susan B. Mcgee sold 125,000 shares of the stock in a transaction on Friday, June 19th. The shares were sold at an average price of $4.25, for a total transaction of $531,250.00. Following the transaction, the director owned 125,000 shares in the company, valued at $531,250. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Dave Perrill sold 175,000 shares of the stock in a transaction on Friday, June 19th. The stock was sold at an average price of $4.69, for a total transaction of $820,750.00. Following the transaction, the director owned 162,500 shares in the company, valued at approximately $762,125. This trade represents a 51.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 681,700 shares of company stock valued at $2,937,876 over the last ninety days.

Institutional Investors Weigh In On HIVE Digital Technologies

A number of large investors have recently bought and sold shares of the business. Situational Awareness LP bought a new stake in shares of HIVE Digital Technologies in the first quarter valued at approximately $6,444,000. Acasta Partners UK LLP bought a new position in HIVE Digital Technologies during the second quarter worth $3,640,000. Empowered Funds LLC bought a new position in HIVE Digital Technologies during the first quarter worth $1,934,000. UBS Group AG raised its stake in HIVE Digital Technologies by 3,992.2% during the 4th quarter. UBS Group AG now owns 929,390 shares of the company’s stock valued at $2,398,000 after purchasing an additional 906,679 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in HIVE Digital Technologies by 30.3% during the 1st quarter. Chicago Partners Investment Group LLC now owns 205,322 shares of the company’s stock valued at $390,000 after purchasing an additional 47,711 shares during the last quarter. 24.42% of the stock is currently owned by institutional investors.

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.