Analysts Remain Optimistic on HIVE Digital Despite Recent Stock Decline
Analyst Says Market Is Missing HIVE's Biggest Growth Engine

Image: Benzinga
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) shares fell 1.98% to $4.45 as investors took profits after a strong rally. Despite a fiscal fourth-quarter earnings miss, H.C. Wainwright maintains a Buy rating with a $7 price target, emphasizing the company's growth in artificial intelligence infrastructure and GPU Cloud business.
- 01HIVE's fiscal fourth-quarter revenue was $71.8 million, down 23% quarter-over-quarter and below the $80 million estimate.
- 02The company reported a total revenue of $297.8 million for fiscal year 2026, marking a 158% year-over-year increase.
- 03HIVE's annual Bitcoin production more than doubled to 2,885 BTC, supported by a 286% increase in its hash rate to 25.1 exahashes per second.
- 04Analysts predict HIVE's GPU Cloud business could generate $200 million in annual recurring revenue by the end of 2026.
- 05HIVE's current market capitalization of $1.2 billion does not fully reflect the value of its Bitcoin mining operations.
Advertisement
In-Article Ad
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) experienced a 1.98% drop in its stock price to $4.45 as investors took profits following a strong rally. Despite a fiscal fourth-quarter earnings miss, where revenues totaled $71.8 million—23% lower than the previous quarter and below the $80 million consensus—analysts remain optimistic about the company's future. H.C. Wainwright reiterated a Buy rating and a $7 price target, highlighting the potential of HIVE's artificial intelligence infrastructure and GPU Cloud business. The company reported a total revenue of $297.8 million for fiscal year 2026, a substantial 158% increase year-over-year, alongside a significant rise in Bitcoin production, which reached 2,885 BTC. Analysts emphasize that HIVE's GPU Cloud business is nearing a critical inflection point, with expectations for $200 million in annual recurring revenue by 2026. HIVE's current market cap of $1.2 billion is seen as undervalued compared to its legacy Bitcoin mining operations, suggesting potential for stock price appreciation with future announcements.
Advertisement
In-Article Ad
Advertisement
In-Article Ad
Reader Poll
What do you think about HIVE's growth potential?
Connecting to poll...
Read the original article
Visit the source for the complete story.




