HIVE.O Hits 20-Day Low Amid Mixed Q2 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 07 2024
0mins
Should l Buy HIVE?
Source: Fool
Shares of HIVE Digital Technologies Ltd (HIVE.O) fell 1.74% to $3.50, marking a 20-day low as investors reacted to the company's wider-than-expected loss of 7 cents per share in its Q2 fiscal 2026 report. Despite a remarkable 285% year-over-year revenue surge to $87.3 million, driven largely by digital currency mining, operational challenges, including a significant increase in administrative expenses, weighed heavily on market sentiment. Analysts maintain a Buy rating with a price target of $10, citing HIVE's strategic expansion into AI cloud services and robust Bitcoin production, which increased to 719 BTC in the quarter. However, the stock's current performance raises questions about its valuation amidst ongoing market volatility and operational hurdles.
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Analyst Views on HIVE
Wall Street analysts forecast HIVE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HIVE is 8.17 USD with a low forecast of 6.50 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.010
Low
6.50
Averages
8.17
High
10.00
Current: 2.010
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 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 Digital Technologies Expands Renewable Energy Infrastructure in Paraguay
- Strategic Positioning: HIVE Digital Technologies' expansion in Paraguay signals the company's intent to position itself as a disciplined global operator converting renewable energy into high-value digital infrastructure rapidly and responsibly by 2026, enhancing its market competitiveness.
- Efficiency First: HIVE's philosophy prioritizes efficiency over scale, focusing on low-cost renewable energy and disciplined capital allocation, which not only creates operating leverage but also establishes a flywheel effect that compounds growth.
- Sustainable Advantage: Nearly all of HIVE's operations run on hydropower, providing a first-mover advantage in sustainable digital infrastructure, making it a credible partner for governments and enterprise customers focused on responsible energy use.
- Profit Protection: HIVE prioritizes protecting margins through efficiency and discipline, emphasizing that capacity only matters if it is profitable and resilient, a mindset that will help the company stand out in future competition.
See More
HIVE Digital Technologies Expands in Paraguay, Sets Clear 2026 Goals
- Sustainability Strategy: HIVE's rapid expansion in Paraguay illustrates its ability to convert renewable energy into high-value digital infrastructure, positioning itself as a global operator by 2026 and enhancing its competitive edge in sustainable digital infrastructure.
- Efficiency First: HIVE emphasizes that efficiency takes precedence over scale in the current cycle, leveraging low-cost renewable energy and flexible infrastructure to achieve growth, creating a 'flywheel effect' that will help the company maintain stability in volatile markets.
- Margin Protection: The goal for HIVE is not just to increase capacity but to protect margins through efficiency and discipline, stressing that 'capacity only matters if it is profitable and resilient,' which will enhance the company's image among investors.
- Dual Growth Engine: HIVE plans to leverage renewable energy to support the development of AI and high-performance computing, creating dual growth opportunities that further solidify its position as a trusted digital infrastructure company.
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 Digital Technologies Expands Renewable Energy Infrastructure in Paraguay
- Strategic Positioning: HIVE Digital Technologies' expansion in Paraguay signals the company's intent to position itself as a disciplined global operator converting renewable energy into high-value digital infrastructure rapidly and responsibly by 2026, enhancing its market competitiveness.
- Efficiency First: HIVE's philosophy prioritizes efficiency over scale, focusing on low-cost renewable energy and disciplined capital allocation, which not only creates operating leverage but also establishes a flywheel effect that compounds growth.
- Sustainable Advantage: Nearly all of HIVE's operations run on hydropower, providing a first-mover advantage in sustainable digital infrastructure, making it a credible partner for governments and enterprise customers focused on responsible energy use.
- Profit Protection: HIVE prioritizes protecting margins through efficiency and discipline, emphasizing that capacity only matters if it is profitable and resilient, a mindset that will help the company stand out in future competition.
See More
HIVE Digital Technologies Expands in Paraguay, Sets Clear 2026 Goals
- Sustainability Strategy: HIVE's rapid expansion in Paraguay illustrates its ability to convert renewable energy into high-value digital infrastructure, positioning itself as a global operator by 2026 and enhancing its competitive edge in sustainable digital infrastructure.
- Efficiency First: HIVE emphasizes that efficiency takes precedence over scale in the current cycle, leveraging low-cost renewable energy and flexible infrastructure to achieve growth, creating a 'flywheel effect' that will help the company maintain stability in volatile markets.
- Margin Protection: The goal for HIVE is not just to increase capacity but to protect margins through efficiency and discipline, stressing that 'capacity only matters if it is profitable and resilient,' which will enhance the company's image among investors.
- Dual Growth Engine: HIVE plans to leverage renewable energy to support the development of AI and high-performance computing, creating dual growth opportunities that further solidify its position as a trusted digital infrastructure company.
See More
