Hive - HIVE

HIVE Digital Technologies Stock (NASDAQ: HIVE)

Dernières nouvelles pour HIVE Digital Technologies (NASDAQ:HIVE) Stock

HIVE Digital Technologies

HIVE Blockchain Techs

HIVE Digital Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry. It focuses on the mining and sale of digital currencies. Its geographical segments include Canada, Sweden, Iceland, Switzerland, and Bermuda, out of which the majority of the revenue comes from Bermuda.

Aerohive Networks

HIVE Digital Technologies Ltd - Common Shares

HIVE Digital Technologies Ltd

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Shares of crypto-related stocks are trading lower amid a drop in Bitcoin.

HC Wainwright &amp; Co. analyst Mike Colonnese maintains HIVE Digital Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) with a Buy and raises the price target from $5 to $8.

News

Price Target

Analyst Ratings

HC Wainwright & Co. Maintains Buy on HIVE Digital Technologies, Raises Price Target to $8

Northland Capital Markets analyst Mike Grondahl maintains HIVE Digital Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) with a Outperform and raises the price target from $5.5 to $7.

Northland Capital Markets Maintains Outperform on HIVE Digital Technologies, Raises Price Target to $7

Canaccord Genuity analyst Joseph Vafi maintains HIVE Digital Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) with a Buy and raises the price target from $6 to $7.

Canaccord Genuity Maintains Buy on HIVE Digital Technologies, Raises Price Target to $7

Shares of crypto-linked stocks are trading lower amid continued volatility in Bitcoin. Some miners may also be down in sympathy with MARA Holdings and Bitfarms, which fell after reporting quarterly financial results.

Earnings

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Earnings Scheduled For November 13, 2024

HIVE Digital Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.09) by 33.33 percent. This is a 79.31 percent increase over losses of $(0.29) per share from the same period last year. The company reported quarterly sales of $22.65 million which missed the analyst consensus estimate of $25.69 million by 11.84 percent. This is a 0.52 percent decrease over sales of $22.77 million the same period last year.

HIVE Digital Technologies Q2 EPS $(0.06) Beats $(0.09) Estimate, Sales $22.65M Miss $25.69M Estimate

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has soared to all-time highs following Donald Trump's election win, also lifting Bitcoin mining stocks on a wave of positive sentiment. Here's a look at what to watch as several Bitcoin miners are set to report earnings before <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41888686/bitcoin-blasts-through-87000-as-market-euphoria-regulatory-optimism-take-hold">Wednesday's opening bell.</a>
Hut 8 Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) most recent <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41191549/hut-8-releases-bitcoin-mining-update-what-to-know">mining update</a> showed 85 Bitcoin produced in September and a hashrate of 19.5 EH/s. Investors will be looking for updated mining totals and average hashrate for the quarter, as well as an update on its GPU-as-a-service subsidiary Highrise AI, Inc. which began generating revenue in the third quarter. 
Hut 8 stock notched a new 52-week high of $25.32 Monday as the price of Bitcoin reached all-time highs. Analysts expect the company to report losses of 33 cents per share and revenue of $38.468 million for the quarter.&nbsp;
Read Next: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41850890/super-micro-delisting-risk-puts-1-7-billion-bond-repayment-on-the-line">Super Micro Delisting Risk Puts $1.7 Billion Bond Repayment On The Line</a>
Bitfarms Ltd.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITF#NASDAQ">BITF</a>) October mining update showed the company's mining operations generated 236 Bitcoin and a 3% increase in average operating EH during the month. The company reported reaching its year-end efficiency goal of 21 w/TH three months ahead of schedule and recognized it is behind schedule delivering its mid-year 12 EH/s target.
Investors will be looking for updates on Bitfarms' efficiency and hashrate. According to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, analysts expect Bitfarms to report losses of 10 cents per share on revenue of $48.842 million for the quarter.&nbsp;
Cantor Fitzgerald analyst Brett Knoblauch recently <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41603920/hive-pushes-hash-rate-higher-sharpens-focus-on-ai">initiated coverage</a> of Hive Digital Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) with an Overweight rating and a price target of $9. Knobluach highlighted Hive as one of the top 10 miners and said the market seems to be &#8220;under-appreciating the coming hash rate growth inflection.&#8221; 
Hive Digital announced on Monday <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41874534/canaan-secures-major-mining-deal-with-hive-shares-soar-on-equipment-order">it will receive</a> 6,500 Avalon A1566 miners, each offering an average computing power of 185 terahash per second (TH/s), from Canaan Inc. &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>). The initial delivery of 500 units has already been completed and scheduled for immediate installation. 
Investors will be interested in Hive's mining totals and average hashrate during the quarter when the company reports on Wednesday before the opening bell. Analysts are expecting the company to report losses of 9 cents per share and revenue of $25.69 million for the quarter, according to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.&nbsp;
Expert Ideas: H.C. Wainwright &amp; Co. analyst Mike Colonnese released an update on Bitcoin miners and the broader crypto sector following Trump's election win. The analyst sees clear skies ahead for the crypto industry as a "major regulatory overhang" has been lifted with the incoming pro-crypto administration.
"The future of the Bitcoin mining industry and broader crypto sector in the U.S. has never been brighter," Colonnese wrote.&nbsp;
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump&#8217;s Potential &#8216;Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: &#8216;Shoot First Reaction&#8217;</a></li>
</ul>
Photo: Be Ba from Pixabay

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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Bitcoin Miners Hive Digital, Hut 8, Bitfarms To Report Earnings As Future Of Crypto 'Has Never Been Brighter'

HIVE Digital Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-13. Here's a quick overview of what investors should know before the release.
Analysts are estimating that HIVE Digital Technologies will report an earnings per share (EPS) of $-0.09.
Anticipation surrounds HIVE Digital Technologies's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Performance in Previous Earnings</h3>
Last quarter the company beat EPS by $0.04, which was followed by a 1.79% increase in the share price the next day.
Here's a look at HIVE Digital Technologies's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.01</td>
<td>-0.14</td>
<td>-0.23</td>
<td>-0.19</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.03</td>
<td>-0.02</td>
<td>-0.08</td>
<td>-0.29</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.0%</td>
<td>2.0%</td>
<td>20.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731420208_0.png" alt="eps graph" />
<h3>HIVE Digital Technologies Share Price Analysis</h3>
Shares of HIVE Digital Technologies were trading at $5.25 as of November 11. Over the last 52-week period, shares are up 69.35%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/HIVE/earnings">To track all earnings releases for HIVE Digital Technologies visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights Ahead: HIVE Digital Technologies's Quarterly Earnings

HIVE Digital Technologies and Canaan shares are trading higher after announcing a mining deal. Under the purchase agreement, Canaan will supply Hive with 6,500 aviation A1566 miners to boost its Bitcoin capacity.

On Monday, Canaan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) revealed that its wholly owned Singapore subsidiary, Canaan Creative Global, entered into a purchase agreement with HIVE Digital Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) for <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41873010/canaan-inc-signs-agreement-with-hive-for-avalon-a1566-miners" rel="noreferrer noopener">Avalon A1566 mining machines</a>.
Under the agreement, Canaan Creative Global will supply HIVE with 6,500 Avalon A1566 miners, each offering an average computing power of 185 Terahash per second (TH/s). Canaan and HIVE Digital stocks gained after the update.
The initial delivery of 500 units has already been completed, and these miners are scheduled for immediate installation.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11051345/newplot-5.png" alt="" class="wp-image-640063" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11051345/newplot-5.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/11051345/newplot-5-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a target="_blank" href="https://www.benzinga.com/media/24/11/41853221/trump-says-he-wont-sell-trump-media-stock" rel="noreferrer noopener">Trump Says He Won&#8217;t Sell Trump Media Stock</a>
The remaining 6,000 units will be shipped in monthly batches of 1,500 from December 2024 through March 2025.
Nangeng Zhang, chairman and CEO of Canaan, expressed appreciation for HIVE&#8217;s choice of Canaan&#8217;s mining solutions, noting the significance of securing such a substantial order from a long-time client. He highlighted HIVE&#8217;s strong operational efficiency, crediting their skilled global team for achieving one of the industry&#8217;s highest Bitcoin production rates per active hashrate. Zhang emphasized the importance of HIVE as a strategic partner, especially given their transparent business practices and strong commitment to ESG principles.
The Avalon Miner A1566, part of Canaan&#8217;s second-generation 1xJ/T series, delivers enhanced power efficiency and a reliable mining experience. This product reflects Canaan&#8217;s focus on ongoing market research and investment in cutting-edge product development.
In the second quarter of 2024, Canaan reported a revenue of $71.86 million, down from $73.85 million a year ago, exceeding analyst consensus expectations of $51.90 million.
HIVE reported <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/08/40601495/is-hive-digital-buzzing-back-earnings-beat-golden-cross-fuels-bullish-sentiment" rel="noreferrer noopener">first-quarter sales</a> of $32.20 million, up by 36.64%, beating the analyst consensus estimate of $24.32 million.
Cryptocurrency stocks got a boost from <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies" rel="noreferrer noopener">Donald Trump&#8217;s presidential win</a>, as he had assured a favorable regulatory environment during his election campaigns.
Price Actions: CAN stock is up 17.5% at $1.48 premarket at last check Monday. HIVE is up 15.7%.
Photo: rafapress/Shutterstock.com
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/11/41851308/nvidia-adds-former-nasa-leader-to-board-boosting-strategic-expertise" target="_blank" rel="noreferrer noopener">Nvidia Taps Former NASA Astronaut To Enhance Board</a></li>
</ul>

Equities

Canaan Secures Major Mining Deal With HIVE, Shares Soar On Equipment Order

HIVE Digital Technologies Boosts Bitcoin Mining Capacity With 6,500 Avalon A1566 ASIC Miner Order, Launches Major Paraguay Facility

Key Highlights for October 2024 :
<ul>
<li>Bitcoin Production: HIVE mined 117 BTC, marking a 1% increase month-over-month and bringing its HODL portfolio to 2,624 BTC, a 51% increase year-over-year.</li>
<li>Mining Capacity: Maintained an average mining capacity of 5.3 EH/s with fleet efficiency at 22.3 Joules per Terahash (J/TH), reaching a peak hashrate of 5.6 EH/s.</li>
<li>Operational Efficiency: Achieved an average daily production rate of 3.77 BTC, equivalent to 22.1 Bitcoin per Exahash.</li>
<li>Bitcoin Valuation: HIVE's Bitcoin holdings are valued at over $184 million as of October 31, 2024, based on a BTC closing price of approximately $70,215.</li>
</ul>

HIVE Digital October 2024 Production Results: Bitcoin Holdings Values At $184M, Mining Capacity Reaches 5.6 EH/s

COIN

Shares of crypto-linked stocks are trading higher amid strength in Bitcoin, which reached an all-time high during the US presidential election.

BTDR

CIFR

FUFU

Shares of crypto-related companies are trading lower amid sympathy with Coinbase. The commodity may also be falling amid a drop in Bitcoin.

Shares of Bitcoin miners and crypto-linked stocks are trading higher after Bitcoin rose above $70,000.

Shares of HIVE Digital Technologies Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) have <a href="https://www.benzinga.com/quote/HIVE">lost around 2% year to date</a>.
The company is among the top 10 miners and the market seems to be "under-appreciating the coming hash rate growth inflection," according to Cantor Fitzgerald.
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5df90af53513fb0001ef93d8/brett-knoblauch">Analyst Brett Knoblauch</a> initiated coverage of HIVE Digital Technologies with an Overweight rating and a price target of $9.
The HIVE Digital Technologies Thesis: With Bitcoin mining being a "game of scale," most publicly traded miners have adopted sold growth strategies, while HIVE Digital Technologies has taken a "much more measured" approach to growth, Knoblauch said in the initiation note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
The company has underperformed peers, "as it has chosen to focus on maximizing returns from fleet investments rather than pursuing a growth-at-any-cost model," he added.
HIVE Digital Technologiesis likely to "more than double its hash rate over the next year, while also prioritizing its currently best-in-class mining efficiency ratio," the analyst stated.
What could be "more appealing to investors" is what the company is doing around AI (artificial intelligence) and HPC (high performance computing), with a focus on its GPU cloud model named HIVE Cloud, he further wrote.
HIVE Price Action: Shares of HIVE Digital Technologies were up 4.1% to $4.28 at the time of publication on Tuesday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40601495/is-hive-digital-buzzing-back-earnings-beat-golden-cross-fuels-bullish-sentiment">Is Hive Digital Buzzing Back? Earnings Beat, Golden Cross Fuels Bullish Sentiment</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Analyst Color

Long Ideas

Initiation

Trading Ideas

HIVE Pushes Hash Rate Higher, Sharpens Focus On AI

Cantor Fitzgerald analyst Brett Knoblauch initiates coverage on HIVE Digital Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) with a Overweight rating and announces Price Target of $9.

Cantor Fitzgerald Initiates Coverage On HIVE Digital Technologies with Overweight Rating, Announces Price Target of $9

MSTR

Shares of crypto-related companies are trading lower amid a drop in Bitcoin.

Shares of crypto-linked stocks are trading higher as Bitcoin continues higher.

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HIVE Digital Technologies Q2 Earnings Preview

Bullish option flow detected in HIVE Blockchain with 8,720 calls trading, 2x expected, and implied vol increasing over 6 points to 110.54%. Jan-25 ...

HIVE Blockchain call volume above normal and directionally bullish

HIVE Digital Technologies (TSE:HIVE) has released an update. HIVE Digital Technologies Ltd. reported mixed financial results for the first half of ...

HIVE Digital Technologies' Mixed Financial Performance in 2024

HIVE Digital Technologies reports mixed Q2 results

Earnings Snapshot: HIVE Digital FQ2 Bitcoin mining hash rate rises by 14%

HIVE Digital Technologies Ltd. (HIVE) Q2 2025 Earnings Call Transcript

Hive Blockchain Technologies Ltd ( ($HIVE) ) has released its Q2 earnings. Here is a breakdown of the information Hive Blockchain Technologies Ltd ...

HIVE Digital Technologies Reports Strong Q2 FY2025 Results

SA Sentiment: More subscribers open to investing in crypto

Analyst Joseph Vafi of Canaccord Genuity maintained a Buy rating on HIVE Digital Technologies (HIVE – Research Report), boosting the price target t...

Optimistic Outlook on HIVE Digital Technologies' Strategic Growth in Bitcoin Mining and AI Cloud Services

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