HIVE Digital Technologies (NASDAQ:HIVE) Shares Gap Up – Here’s What Happened

Shares of HIVE Digital Technologies Ltd. (NASDAQ:HIVE) gapped up before the market opened 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 trading hands.

More HIVE Digital Technologies News

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

Analyst Ratings Changes

HIVE has been the topic of several research reports. Chardan Capital began coverage on shares of HIVE Digital Technologies in a research report on Monday, July 27th. They issued a “buy” rating and a $7.50 price target on the stock. Rosenblatt Securities raised their price objective on shares of HIVE Digital Technologies from $5.00 to $5.50 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. UBS Group set a $8.00 price objective on shares of HIVE Digital Technologies in a research note on Wednesday, June 3rd. Keefe, Bruyette & Woods boosted their target price on shares of HIVE Digital Technologies from $3.00 to $5.00 and gave the stock a “market perform” rating in a report on Friday, June 5th. Finally, Cantor Fitzgerald set a $7.00 target price on shares of HIVE Digital Technologies in a research note on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $6.95.

HIVE Digital Technologies Stock Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a market capitalization of $826.04 million, a PE ratio of -2.39 and a beta of 3.79. The firm has a fifty day moving average price of $3.34 and a 200 day moving average price of $2.86.

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

Insiders Place Their Bets

In other news, Director Susan B. Mcgee sold 125,000 shares of the business’s stock in a transaction that occurred 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 sale, the director owned 125,000 shares in the company, valued at $531,250. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Luke Rossy sold 215,000 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $3.97, for a total transaction of $853,550.00. The SEC filing for this sale provides additional information. Insiders sold a total of 681,700 shares of company stock worth $2,937,876 over the last ninety days.

Hedge Funds Weigh In On HIVE Digital Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in HIVE. Two Sigma Investments LP purchased a new position in shares of HIVE Digital Technologies during the third quarter valued at $17,584,000. Renaissance Technologies LLC purchased a new stake in HIVE Digital Technologies in the 4th quarter worth about $10,914,000. Situational Awareness LP purchased a new stake in HIVE Digital Technologies in the 1st quarter worth about $6,444,000. Millennium Management LLC boosted its position in HIVE Digital Technologies by 58.1% during the 4th quarter. Millennium Management LLC now owns 6,900,828 shares of the company’s stock worth $17,804,000 after acquiring an additional 2,536,135 shares during the period. Finally, Vident Advisory LLC boosted its position in HIVE Digital Technologies by 53.0% during the 2nd quarter. Vident Advisory LLC now owns 3,766,446 shares of the company’s stock worth $6,780,000 after acquiring an additional 1,305,057 shares during the period. 24.42% of the stock is currently owned by hedge funds and other 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.