Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 24 Jun, 26 | HIVE | Buy | USD 4.63 | USD 4.97 | USD 5.15 | Same day | Closed |
10.37%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. It also operates data centers; and offers infrastructure solutions. The company was formerly known as HIVE Blockchain Technologies Ltd. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.
Increase in Gross Operating Margin: USD 107.9 Mn in FY26 vs USD 25.1 Mn in FY25
Increase in Total Revenue: USD 297.8 Mn in FY26 vs USD 115.3 Mn in FY25
Decline in Adjusted EBITDA: USD 72.9 Mn in FY26 vs USD 111.9 Mn in FY25
Increase in GAAP Net Loss: USD 148.4 Mn loss in FY26 vs USD 3.0 Mn loss in FY25
HIVE's future performance remains highly exposed to Bitcoin price volatility, increasing mining network difficulty, execution risks associated with large-scale AI infrastructure expansion, regulatory changes, and the availability of reliable low-cost renewable power.
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 4.63 | 4.15 | 4.97 | 5.15 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Diversified Growth Through Bitcoin Mining and AI Infrastructure Expansion: HIVE Digital Technologies Ltd. delivered a transformative FY2026 performance, supported by significant expansion across its Bitcoin mining and AI infrastructure businesses. Total revenue increased 158% year-over-year to USD 297.8 million, driven by a four-fold increase in installed hashrate and continued growth in its BUZZ high-performance computing (HPC) platform. The company strengthened its position by combining sustainable Bitcoin mining with rapidly expanding AI-focused data center capabilities.
Operational Scale Driving Higher Profitability: The company substantially improved operating efficiency through its 300 MW Paraguay expansion and expanding HPC operations. Gross operating margin increased to USD 107.9 million, representing a 36% margin compared with 22% in the previous year, while adjusted EBITDA reached USD 72.9 million. Operational hashrate increased from 6.5 EH/s to 25.1 EH/s, enabling higher Bitcoin production despite increased network difficulty.
Accelerating AI Infrastructure and Long-Term Revenue Visibility: HIVE continued strengthening its AI infrastructure strategy by expanding contracted HPC annual recurring revenue (ARR) to USD 35 million following deployment of its NVIDIA B200 GPU cluster. The company also announced a 320 MW AI Gigafactory project in the Greater Toronto Area, targeting approximately USD 660 million ARR by 2028 while expanding managed GPU capacity to approximately 11,000 GPUs by the end of calendar 2026.
Strong Capital Position Supporting Future Expansion: The company reinforced its financial flexibility through the successful issuance of USD 115 million of 0% Exchangeable Senior Notes, generating net proceeds of approximately USD 109.5 million. Combined with growing operating cash flows and disciplined capital deployment, the strengthened balance sheet supports continued investment across Bitcoin mining infrastructure, AI cloud services, and future data center expansion initiatives.
Considering recent key business, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given to HIVE Digital Technologies Ltd. (NASDAQ: HIVE) at the closing market price of USD 4.63, as on 23 June 2026.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Financial Services Industry: Capital Markets
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| HIVE HIVE Digital Technologies Ltd |
0.23 8.25% | 3.08 | - | 84.75 | 2.77 | 1.47 | 2.26 | 9.39 |
| GS Goldman Sachs Group Inc |
-10.19 0.96% | 1055.03 | 17.21 | 16.00 | 4.47 | 2.26 | 11.15 | |
| MS Morgan Stanley |
-4.56 2.12% | 210.94 | 16.50 | 13.76 | 2.80 | 1.65 | ||
| SCHW Charles Schwab Corp |
0.98 0.96% | 102.54 | 22.86 | 17.39 | 6.14 | 4.28 | ||
| CIIHF CITIC Securities Company Limited |
- -% | 3.50 | 12.33 | 7.94 | 0.69 | 1.13 | 7.69 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on June 24, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
Disclaimer :
This report has been issued by StockNextt which has an Ontario Business Identification Number 1000958347 and British Columbia registration Number FM1051529 is a trade name under Kalkine Canada Advisory Services Inc. having Business Number 761925130BC0001. Kalkine Canada Advisory Services Inc. and StockNextt are collectively referred to as “StockNextt”, “we”, “us”, and “our”. The website https://stocknextt.com and associated pages are published by StockNextt. The information in this report and on the StockNextt website has been prepared from a wide variety of sources, which StockNextt, to the best of its knowledge and belief, considers accurate. StcokNextt has made every effort to ensure the reliability of information contained in its reports, newsletters, and websites. All information represents our views at the date of publication and may change without notice. The information in this report does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products. Our reports contain general recommendations for investing in securities and other financial products. StockNextt does not offer financial advice based upon your personal financial situation or goals, and we shall not be held liable for any investment or trading losses you may incur by using the opinions expressed in our reports, publications, market updates, news alerts and corporate profiles. StockNextt does not intend to exclude any liability which it is not permitted to exclude under applicable law or regulation. StockNextt’s general advice does not in any way endorse or recommend individuals, investment products or services for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a professional authorised financial planner and adviser. You should be aware that the value of any investment and the income from it can go down as well as up and you may not get back the amount invested. Please also read our Terms and conditions for further information. Employees and/or associates of StockNextt and its related entities may hold an interest in the securities or other financial products covered in this report or on the StockNextt website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.
Copyright © 2026 Krish Capital Pty Ltd. All rights reserved. No part of this website, or its content, may be reproduced in any form without our prior consent.
Australia