HIVE Digital Technologies (HIVE) Reports Q3 Loss, Tops Revenue Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2025
0mins
Should l Buy HIVE?
Source: NASDAQ.COM
Earnings Performance: HIVE Digital Technologies reported a quarterly loss of $0.06 per share, outperforming the Zacks Consensus Estimate of a loss of $0.11, and has surpassed EPS estimates three times in the last four quarters.
Future Outlook: The company's favorable earnings estimate revisions have led to a Zacks Rank #2 (Buy), indicating potential outperformance in the near future, despite its shares underperforming the market so far this year.
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Analyst Views on HIVE
Wall Street analysts forecast HIVE stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.140
Low
6.50
Averages
8.17
High
10.00
Current: 2.140
Low
6.50
Averages
8.17
High
10.00
About HIVE
HIVE Digital Technologies Ltd. is a technology company advancing sustainable blockchain and artificial intelligence (AI) infrastructure powered by green energy. The Company is engaged in digital asset mining and AI computing. Its operations are focused on the mining of digital currencies to upgrade, expand and scale up its data center operations. It holds Bitcoin and monetizes other cryptocurrencies that it derives from its mining operations. It is engaged in building a bridge between the Bitcoin blockchain sector and traditional capital markets. Its cryptocurrency assets provide shareholders with exposure to the operating margins of digital currency mining as well as a portfolio of Bitcoin. It develops and expands its high-performance computing business, which implements the Company’s fleet of graphic processing units (GPUs) in enterprise-grade CPU servers, operating in tier three data centers. It operates green energy-powered data center facilities in Canada, Sweden, and Paraguay.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
HIVE Secures $30 Million in AI Cloud Contracts
- Customer Agreements Signed: HIVE Digital Technologies Ltd. has signed customer agreements totaling approximately $30 million, marking a significant advancement in its AI cloud strategy and expected to enhance the company's market share in high-performance computing.
- Revenue Growth Expectations: Management anticipates that the initial phase of BUZZ's AI-optimized GPU deployment will generate around $15 million in annual recurring revenue, reflecting strong contracted demand and laying the groundwork for future revenue growth.
- Market Expansion Plans: HIVE aims to scale its GPU cloud business throughout 2026, with expectations for annual revenue from its HPC segment to grow from approximately $20 million to $35 million, demonstrating the company's proactive response to market demand.
- Analyst Ratings and Outlook: Despite a 25.17% decline in HIVE's stock price over the past 12 months, analysts generally maintain a
See More
U.S. Stock Futures Fluctuate as Investors Await Inflation Data
- Inflation Data Anticipation: Investors are keenly awaiting the January consumer price index (CPI) data, with experts like Tom Lee estimating a year-over-year core CPI drop to 2.52%, aligning with the 2017-2019 average, which could signal a return to pre-COVID inflation levels and influence market expectations and investment decisions.
- Treasury Yield Trends: The 10-year Treasury bond yield stands at 4.12%, while the two-year bond yield is at 3.47%, indicating a cautious market outlook on future interest rate policies, with the CME Group's FedWatch tool showing a 92.1% likelihood of the Federal Reserve keeping rates unchanged in March, which will affect capital flows and investment strategies.
- Stock Performance Highlights: Tri Pointe Homes (NYSE:TPH) surged 25.79% after announcing an all-cash strategic merger with Sumitomo Forestry, reflecting strong market confidence in its growth potential, while Expedia Group (NASDAQ:EXPE) dropped 4.97% due to a muted margin forecast, indicating market concerns over its profitability.
- Economic Outlook Analysis: Scott Wren from Wells Fargo maintains an optimistic view of the U.S. economy, raising the growth estimate to 2.9% for 2026, and believes current market volatility presents “buying opportunities,” suggesting investors should focus on cyclical and value-oriented sectors to capitalize on future investment opportunities.
See More
HIVE Digital Technologies Reports Strong January Results Driven by Hashrate Growth
- Significant Hashrate Growth: HIVE's average hashrate reached 22.2 EH/s in January 2026, a 290% increase from 5.7 EH/s a year earlier, allowing the company to maintain over 2% of the global Bitcoin network hashrate, thereby enhancing its competitive position in the market.
- Substantial Bitcoin Production Increase: The company produced 297 Bitcoin in January, up 191% from 102 Bitcoin in January 2025, with an average daily production of 9.6 BTC, demonstrating operational efficiency despite a 30% year-over-year increase in global Bitcoin mining difficulty.
- Renewable Energy Expansion: HIVE currently operates 440 MW of renewable energy capacity, with an additional 100 MW scheduled for deployment in Q3 2026, bringing total capacity to 540 MW, which supports both Bitcoin mining expansion and potential future artificial intelligence and high-performance computing workloads.
- Equipment Upgrade and Efficiency Improvement: The company has purchased 2,667 Bitmain S21 XP ASIC miners to replace older equipment, expecting to increase its hashrate to 25.5 EH/s and improve average efficiency to 17 J/TH, further solidifying its leadership in the industry.
See More
HIVE Digital Technologies Reports Exceptional Bitcoin Production Results for January 2026
- Bitcoin Production Surge: HIVE produced 297 BTC in January 2026, marking a 191% increase from January 2025, indicating strong growth potential in Bitcoin production that is expected to enhance market share.
- Significant Hashrate Growth: The company's hashrate averaged 22.2 EH/s, reflecting a 290% increase from 2025, peaking at 23.7 EH/s, which will enhance competitiveness and lower operational costs.
- Mining Fleet Upgrade: HIVE acquired 2,667 Bitmain S21 XP ASIC miners, expected to boost global hashrate to 25.5 EH/s, further improving fleet efficiency and helping the company maintain its leading position in a competitive market.
- Renewable Energy Focus: HIVE emphasized the role of renewable energy and high-efficiency hardware in achieving January's results, laying a foundation for future expansion into AI and high-performance computing sectors.
See More
Stock Futures Open Lower as Gold and Silver Slide
- Bitcoin Market Impact: Bitcoin's drop below $80K caused HIVE Digital Technologies' shares to fall by 8%, dragging down other crypto-linked stocks, reflecting market concerns over Fed uncertainty and geopolitical tensions.
- EV Delivery Decline: XPeng delivered 20,011 vehicles in January, marking a 28% year-over-year and 47% month-over-month decline; however, the company maintains a presence in 60 countries with 380 overseas stores, indicating potential for international expansion.
- Oracle Financing Concerns: Oracle plans to raise $45B-$50B in 2026 to expand cloud infrastructure, but despite strong customer demand, the financing strategy raised dilution concerns, leading to a 4% drop in its stock price.
- Market Sentiment Weakens: The sharp declines in gold and silver prices have dampened market sentiment, with investors remaining cautious ahead of key corporate earnings and economic data releases, contributing to overall market weakness.
See More
Valneva SE Withdraws Chikungunya Vaccine Applications, Shares Drop 7.7%
- Vaccine Withdrawal: Valneva SE has withdrawn its BLA and IND applications for the IXCHIQ Chikungunya vaccine due to an FDA suspension and review of new serious adverse events, leading to a 7.7% drop in pre-market trading to $9.29, indicating market concerns over its product prospects.
- Market Decline: U.S. stock futures are broadly lower, with Dow futures falling around 700 points, reflecting investor caution regarding economic outlook, which may impact overall market sentiment and exacerbate volatility in other stocks.
- Other Stock Movements: Shares of Rezolve AI PLC and POET Technologies Inc fell 15% and 11.2% respectively in pre-market trading, indicating widespread investor apprehension towards tech stocks, potentially prompting a reassessment of risk appetite.
- Tesla Update: Tesla's stock fell 2.7% to $425.75 in pre-market trading, despite CEO Elon Musk confirming that vehicles equipped with the AI4 chip will achieve unsupervised autonomous driving, suggesting insufficient market confidence in the electric vehicle sector.
See More
HIVE Secures $30 Million in AI Cloud Contracts
- Customer Agreements Signed: HIVE Digital Technologies Ltd. has signed customer agreements totaling approximately $30 million, marking a significant advancement in its AI cloud strategy and expected to enhance the company's market share in high-performance computing.
- Revenue Growth Expectations: Management anticipates that the initial phase of BUZZ's AI-optimized GPU deployment will generate around $15 million in annual recurring revenue, reflecting strong contracted demand and laying the groundwork for future revenue growth.
- Market Expansion Plans: HIVE aims to scale its GPU cloud business throughout 2026, with expectations for annual revenue from its HPC segment to grow from approximately $20 million to $35 million, demonstrating the company's proactive response to market demand.
- Analyst Ratings and Outlook: Despite a 25.17% decline in HIVE's stock price over the past 12 months, analysts generally maintain a
See More
U.S. Stock Futures Fluctuate as Investors Await Inflation Data
- Inflation Data Anticipation: Investors are keenly awaiting the January consumer price index (CPI) data, with experts like Tom Lee estimating a year-over-year core CPI drop to 2.52%, aligning with the 2017-2019 average, which could signal a return to pre-COVID inflation levels and influence market expectations and investment decisions.
- Treasury Yield Trends: The 10-year Treasury bond yield stands at 4.12%, while the two-year bond yield is at 3.47%, indicating a cautious market outlook on future interest rate policies, with the CME Group's FedWatch tool showing a 92.1% likelihood of the Federal Reserve keeping rates unchanged in March, which will affect capital flows and investment strategies.
- Stock Performance Highlights: Tri Pointe Homes (NYSE:TPH) surged 25.79% after announcing an all-cash strategic merger with Sumitomo Forestry, reflecting strong market confidence in its growth potential, while Expedia Group (NASDAQ:EXPE) dropped 4.97% due to a muted margin forecast, indicating market concerns over its profitability.
- Economic Outlook Analysis: Scott Wren from Wells Fargo maintains an optimistic view of the U.S. economy, raising the growth estimate to 2.9% for 2026, and believes current market volatility presents “buying opportunities,” suggesting investors should focus on cyclical and value-oriented sectors to capitalize on future investment opportunities.
See More
HIVE Digital Technologies Reports Strong January Results Driven by Hashrate Growth
- Significant Hashrate Growth: HIVE's average hashrate reached 22.2 EH/s in January 2026, a 290% increase from 5.7 EH/s a year earlier, allowing the company to maintain over 2% of the global Bitcoin network hashrate, thereby enhancing its competitive position in the market.
- Substantial Bitcoin Production Increase: The company produced 297 Bitcoin in January, up 191% from 102 Bitcoin in January 2025, with an average daily production of 9.6 BTC, demonstrating operational efficiency despite a 30% year-over-year increase in global Bitcoin mining difficulty.
- Renewable Energy Expansion: HIVE currently operates 440 MW of renewable energy capacity, with an additional 100 MW scheduled for deployment in Q3 2026, bringing total capacity to 540 MW, which supports both Bitcoin mining expansion and potential future artificial intelligence and high-performance computing workloads.
- Equipment Upgrade and Efficiency Improvement: The company has purchased 2,667 Bitmain S21 XP ASIC miners to replace older equipment, expecting to increase its hashrate to 25.5 EH/s and improve average efficiency to 17 J/TH, further solidifying its leadership in the industry.
See More
HIVE Digital Technologies Reports Exceptional Bitcoin Production Results for January 2026
- Bitcoin Production Surge: HIVE produced 297 BTC in January 2026, marking a 191% increase from January 2025, indicating strong growth potential in Bitcoin production that is expected to enhance market share.
- Significant Hashrate Growth: The company's hashrate averaged 22.2 EH/s, reflecting a 290% increase from 2025, peaking at 23.7 EH/s, which will enhance competitiveness and lower operational costs.
- Mining Fleet Upgrade: HIVE acquired 2,667 Bitmain S21 XP ASIC miners, expected to boost global hashrate to 25.5 EH/s, further improving fleet efficiency and helping the company maintain its leading position in a competitive market.
- Renewable Energy Focus: HIVE emphasized the role of renewable energy and high-efficiency hardware in achieving January's results, laying a foundation for future expansion into AI and high-performance computing sectors.
See More
Stock Futures Open Lower as Gold and Silver Slide
- Bitcoin Market Impact: Bitcoin's drop below $80K caused HIVE Digital Technologies' shares to fall by 8%, dragging down other crypto-linked stocks, reflecting market concerns over Fed uncertainty and geopolitical tensions.
- EV Delivery Decline: XPeng delivered 20,011 vehicles in January, marking a 28% year-over-year and 47% month-over-month decline; however, the company maintains a presence in 60 countries with 380 overseas stores, indicating potential for international expansion.
- Oracle Financing Concerns: Oracle plans to raise $45B-$50B in 2026 to expand cloud infrastructure, but despite strong customer demand, the financing strategy raised dilution concerns, leading to a 4% drop in its stock price.
- Market Sentiment Weakens: The sharp declines in gold and silver prices have dampened market sentiment, with investors remaining cautious ahead of key corporate earnings and economic data releases, contributing to overall market weakness.
See More
Valneva SE Withdraws Chikungunya Vaccine Applications, Shares Drop 7.7%
- Vaccine Withdrawal: Valneva SE has withdrawn its BLA and IND applications for the IXCHIQ Chikungunya vaccine due to an FDA suspension and review of new serious adverse events, leading to a 7.7% drop in pre-market trading to $9.29, indicating market concerns over its product prospects.
- Market Decline: U.S. stock futures are broadly lower, with Dow futures falling around 700 points, reflecting investor caution regarding economic outlook, which may impact overall market sentiment and exacerbate volatility in other stocks.
- Other Stock Movements: Shares of Rezolve AI PLC and POET Technologies Inc fell 15% and 11.2% respectively in pre-market trading, indicating widespread investor apprehension towards tech stocks, potentially prompting a reassessment of risk appetite.
- Tesla Update: Tesla's stock fell 2.7% to $425.75 in pre-market trading, despite CEO Elon Musk confirming that vehicles equipped with the AI4 chip will achieve unsupervised autonomous driving, suggesting insufficient market confidence in the electric vehicle sector.
See More
