HIVE Digital shows strong revenue growth of 74% YoY, but it has missed earnings in all 4 recent quarters, quality is below the engine's floor, and the stock is in a confirmed downtrend down about 75% from its 52-week high.
Thesis pillars
- Weak Business Quality→Stable
- Strong Revenue Growth→Stable
- Repeated Earnings Misses↑Improving
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Jun 2, 2026
HIVE Digital Technologies Ltd (HIVE) Stock Analysis
Falling Knife setup
Financial Services · Capital Markets
Sell if holding. Engine safety override at $2.12: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10. Specifically: Below-average business quality; Below long-term trend.
HIVE Digital Technologies is a sustainable-energy-focused digital infrastructure company operating Bitcoin ASIC mining and GPU-based HPC/AI compute services across data centers in Canada, Sweden and Paraguay, with roughly 464.4 MW of power capacity and 25.2 EH/s of installed... Read more
Sell if holding. Engine safety override at $2.12: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10. Specifically: Below-average business quality; Below long-term trend. Chart setup: Death cross, below all MAs, RSI 28, MACD bearish. Score 5.6/10, moderate confidence.
Passes 6/10 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on death cross (50MA < 200MA). Suitability: speculative.
Recent developments
updated 2026-10-29Recent Developments — HIVE Digital Technologies Ltd
Latest news
- NEWS HIVE Digital Secures $129 Million Financing for NVIDIA GPU Expansion — fiscal.ai Oct 28, 2026 positive
- NEWS HIVE’s BUZZ Alpha Cloud Obtains ~$129M Three-Year Loan At 9.0% Fixed, To Buy 2,303 NVIDIA GB200 GPUs For Cohere Contract — benzinga Oct 28, 2026 positive
- NEWS Analyst Maintains Buy Rating for HIVE Digital Technologies — fiscal.ai Oct 21, 2026 neutral
- NEWS HIVE Digital Technologies Q1 2027 Earnings Call Transcript — benzinga Sep 21, 2026 neutral
- NEWS Crude Oil Gains 3%; Walmart Shares Drop After Q2 Results — benzinga Aug 20, 2026 neutral
Generated 2026-10-29T11:08:51Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHcounterpartyFireblocks89%10-K Item 1: 'the percentages of the Company's assets held with Bank Frick was approximately 11% and 89% was maintained by Fireblocks which represented over 98% of the Company's entire digital currency assets, with a market value of approximately $10.8 million.'
- HIGHSupplierequipment suppliers (Bitmain)10-K Item 1A: 'Our business is highly dependent on a small number of equipment suppliers ... historically Bitmain has been a key supplier of equipment.'
- HIGHcounterpartyYguazú Facility power purchase agreement10-K Item 1: 'The contracted term of the power purchase agreement at the Yguazú Facility extends until December 31, 2027. Thereafter, continued operation will rely on the Company's ability to renegotiate this agreement.'
- MEDIUMcounterpartyValenzuela Facility power purchase agreement10-K Item 1: 'The contracted term of the power purchase agreement for the Valenzuela Facility extends until December 31, 2027. Thereafter, continued operation of the facility will depend on the Company's ability to renegotiate or enter into a replacement power purchase arrangement on commercially acceptable terms.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
2 floor-breakers·1 ceiling hit
Unprofitable operations — net margin -98.5%. Quality floor flags this regardless of sector context.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $2.12: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 5.6/10. Specifically: Below-average business quality; Below long-term trend. Chart setup: Death cross, below all MAs, RSI 28, MACD bearish. Prior stop was $1.97. Score 5.6/10, moderate confidence.
Resistance target: $3.04 (+43.4% upside). Prior stop was $1.97. Stop-loss: $1.97.
Concentration risk — Counterparty: Fireblocks (89.0%); Concentration risk — Supplier: equipment suppliers (Bitmain); DATA_ISSUE: analyst_target_implausible (raw $6.89 vs price $2.12 — ratio 3.2×). Rejected, falling back to technical TP..
HIVE Digital Technologies Ltd trades at a P/E of N/A (forward -23.6). TrendMatrix value score: 4.5/10. Verdict: Sell.
11 analysts cover HIVE with a consensus score of 4.1/5. Average price target: $7.
What does HIVE Digital Technologies Ltd do?HIVE Digital Technologies is a sustainable-energy-focused digital infrastructure company operating Bitcoin ASIC mining...
HIVE Digital Technologies is a sustainable-energy-focused digital infrastructure company operating Bitcoin ASIC mining and GPU-based HPC/AI compute services across data centers in Canada, Sweden and Paraguay, with roughly 464.4 MW of power capacity and 25.2 EH/s of installed Bitcoin hashrate as of April 30, 2026. The company generated approximately $35 million of annualized recurring HPC revenue through its BUZZ HPC subsidiary and holds its cryptocurrency assets primarily with custodians Fireblocks (89%) and Bank Frick (11%). Roughly two-thirds of its power capacity sits in Paraguay, where pow