HIVE jumps as AI infrastructure deal and Sweden data-center purchase lift sentiment

HIVE Digital Technologies Ltd. (HIVE) is up 18.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The sharp move appears tied to HIVE’s June 18 announcement of a roughly $220 million sovereign AI GPU cloud contract through its BUZZ HPC unit, a deal that strengthens its push beyond bitcoin mining and into higher-growth AI infrastructure. Investor enthusiasm also seems to have been reinforced by HIVE’s approved purchase of the 32 MW Big Boden data center in Sweden, which expands owned infrastructure and supports future AI and high-performance computing capacity.

Details:

HIVE said BUZZ HPC signed a three-year GPU cloud agreement tied to Bell AI Fabric for Cohere workloads, with contract value of about $220 million.

The company also announced municipal approval to acquire the Big Boden 32 MW data center in northern Sweden, where it has operated since 2018, shifting that site from leased to owned infrastructure.

Earlier June disclosures showed HIVE growing its HPC business, with its Bell Canada AI Fabric B200 GPU cluster going live in May and management highlighting expansion in AI-related annualized revenue.

This could also be because traders are rewarding HIVE’s broader transition story as it combines bitcoin mining operations with a larger sovereign AI and cloud compute platform.

Sources:

HIVE Digital Technologies, Bell Canada, SEC

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

$HIVE Insider Trading Activity

$HIVE insiders have traded $HIVE stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $HIVE stock by insiders over the last 6 months:

LUKE ROSSY (COO) has made 0 purchases and 2 sales selling 281,700 shares for an estimated $1,158,369.
SUSAN B MCGEE sold 16,700 shares for an estimated $74,315

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$HIVE Hedge Fund Activity

We have seen 66 institutional investors add shares of $HIVE stock to their portfolio, and 81 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 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 $6.25.

Here are some recent targets:

Stephen Glagola from Keefe, Bruyette & Woods set a target price of $5.0 on 06/05/2026
Joseph Vafi from Canaccord Genuity set a target price of $10.0 on 06/05/2026
Mike Colonnese from HC Wainwright & Co. set a target price of $7.0 on 06/03/2026
Chris Brendler from Rosenblatt set a target price of $5.5 on 06/03/2026
Fedor Shabalin from B. Riley Securities set a target price of $8.0 on 06/03/2026
Brett Knoblauch from Cantor Fitzgerald set a target price of $4.6 on 05/19/2026

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.