Why HIVE Digital Technologies (HIVE) Stock Is Up Today

HIVE Digital Technologies (HIVE) is up 14.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely catalyst is HIVE’s newly announced five-year AI cloud services agreement through its BUZZ HPC unit, which materially expands the company’s contracted high-performance computing revenue base. Investors also appear to be responding to the idea that HIVE is becoming more than a bitcoin miner, with a larger share of its growth story now tied to recurring AI infrastructure revenue.

Details:

HIVE announced a five-year GPU cloud services deal with an investment-grade enterprise customer worth about $350 million in total contract value.

The company said the agreement adds roughly $70 million in annualized revenue and lifts BUZZ HPC’s total annualized revenue to about $180 million, including active and contracted business expected to come online through the fourth quarter of 2026.

The deployment is expected to use 2,016 NVIDIA Blackwell Ultra GPUs at the Bell AI Fabric facility in Merritt, British Columbia, with operations targeted to begin later this year.

HIVE said the project should require about $185 million in capital expenditures and includes an upfront customer deposit of roughly $35 million, which may have reassured investors about funding and execution risk.

Sources:

HIVE Digital Technologies, 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 8 times in the past 6 months. Of those trades, 0 have been purchases and 8 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 has made 0 purchases and 3 sales selling 225,000 shares for an estimated $958,757.
DAVE PERRILL sold 175,000 shares for an estimated $820,750
DARCY DAUBARAS (Chief Financial Officer) has made 0 purchases and 2 sales selling 100,000 shares for an estimated $319,663.

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.

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$HIVE Hedge Fund Activity

We have seen 127 institutional investors add shares of $HIVE stock to their portfolio, and 69 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CITADEL ADVISORS LLC added 6,915,035 shares (+219.5%) to their portfolio in Q2 2026, for an estimated $25,170,727
TWO SIGMA INVESTMENTS, LP removed 5,132,179 shares (-84.3%) from their portfolio in Q2 2026, for an estimated $18,681,131
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 4,275,363 shares (+inf%) to their portfolio in Q2 2026, for an estimated $15,562,321
INVESCO LTD. added 3,698,723 shares (+27.7%) to their portfolio in Q2 2026, for an estimated $13,463,351
SITUATIONAL AWARENESS LP added 3,391,547 shares (+inf%) to their portfolio in Q1 2026, for an estimated $6,443,939
MIZUHO MARKETS AMERICAS LLC added 3,337,857 shares (+inf%) to their portfolio in Q2 2026, for an estimated $12,149,799
BANK OF MONTREAL /CAN/ added 3,304,495 shares (+20544.0%) to their portfolio in Q2 2026, for an estimated $12,028,361

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.