HIVE jumps 25% on new 320MW “sovereign AI” data-center buildout plan in Ontario

HIVE Digital Technologies (HIVE) is up 25.3% today. Here is some analysis on what might have caused this price movement.

Analysis: Shares appear to be reacting to HIVE’s announcement that its BUZZ HPC unit is advancing a planned, industrial-scale AI infrastructure facility in the Greater Toronto Area. The market likely viewed the project’s proposed scale, GPU capacity ambitions, and 2027 timeline as a meaningful expansion of HIVE’s AI/HPC growth narrative alongside its crypto-mining operations.

Details:

HIVE’s BUZZ HPC disclosed plans for an “AI gigafactory” concept in Ontario with roughly 320 MW of utility power capacity in the Greater Toronto Area.

The company indicated the buildout is targeted to come online in the second half of 2027, positioning the site as a longer-dated but potentially transformative capacity addition.

HIVE described the full buildout as designed to host more than 100,000 GPUs, and it also highlighted its existing AI footprint (including thousands of GPUs already online) as part of a broader scaling plan.

HIVE framed the GTA project within a larger 2027 pipeline of additional power capacity intended to support further AI infrastructure expansion.

Sources:

HIVE Digital Technologies, Data Center Dynamics, StreetInsider

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$HIVE Hedge Fund Activity

We have seen 66 institutional investors add shares of $HIVE stock to their portfolio, and 82 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JANE STREET GROUP, LLC removed 4,317,377 shares (-95.7%) from their portfolio in Q1 2026, for an estimated $8,203,016
SITUATIONAL AWARENESS LP added 3,391,547 shares (+inf%) to their portfolio in Q1 2026, for an estimated $6,443,939
SHELLBACK CAPITAL, LP removed 2,400,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $4,560,000
RENAISSANCE TECHNOLOGIES LLC removed 1,966,907 shares (-46.5%) from their portfolio in Q1 2026, for an estimated $3,737,123
CITADEL ADVISORS LLC removed 1,700,658 shares (-35.1%) from their portfolio in Q1 2026, for an estimated $3,231,250
BRIDGEWAY CAPITAL MANAGEMENT, LLC added 1,617,996 shares (+inf%) to their portfolio in Q1 2026, for an estimated $3,074,192
SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 1,598,538 shares (-59.2%) from their portfolio in Q1 2026, for an estimated $3,037,222

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$HIVE Analyst Ratings

Wall Street analysts have issued reports on $HIVE in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Canaccord Genuity issued a "Buy" rating on 11/21/2025
B. Riley Securities issued a "Buy" rating on 11/21/2025

To track analyst ratings and price targets for $HIVE, check out Quiver Quantitative's $HIVE forecast page.

$HIVE Price Targets

Multiple analysts have issued price targets for $HIVE recently. We have seen 6 analysts offer price targets for $HIVE in the last 6 months, with a median target of $5.25.

Here are some recent targets:

Joseph Vafi from Canaccord Genuity set a target price of $10.0 on 04/24/2026
Brett Knoblauch from Cantor Fitzgerald set a target price of $3.0 on 04/09/2026
Chris Brendler from Rosenblatt set a target price of $4.5 on 02/18/2026
Fedor Shabalin from B. Riley Securities set a target price of $6.0 on 02/13/2026
Stephen Glagola from Keefe, Bruyette & Woods set a target price of $3.5 on 01/27/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.