Canlı Haberler • May 21
HIVE Digital Plans C$3.5b AI Gigafactory in Toronto With Over 100,000 GPUs and Green Power HIVE Digital Technologies plans to build a 320 MW AI gigafactory in the Greater Toronto Area through its Buzz High Performance Computing subsidiary, with an expected capital investment of about C$3.5b and a target operational date in the second half of 2027.
The Toronto facility is designed to host more than 100,000 GPUs focused on agentic AI, scientific research and high-demand machine learning workloads, using Ontario’s clean electricity grid and closed-loop cooling systems.
HIVE is expanding its green energy-powered data centers beyond Canada into Paraguay and has closed a C$115m 0% exchangeable note to fund AI and network upgrades starting in Q3 2024, while also celebrating its recent graduation to the Toronto Stock Exchange.
The pivot toward AI cloud computing alongside its existing Bitcoin mining and high-performance computing services highlights a broader infrastructure strategy that more closely aligns HIVE with demand for GPU-based workloads and cleaner power sources.
Investors may wish to consider funding needs, execution risk on the multi-year gigafactory build, and the impact of the 0% exchangeable note structure on potential future dilution and capital flexibility. Recent Insider Transactions • Feb 25
Chief Operating Officer recently sold CA$195k worth of stock On the 23rd of February, Luke Rossy sold around 68k shares on-market at roughly CA$2.85 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$224k. Luke has been a net seller over the last 12 months, reducing personal holdings by CA$525k. Reported Earnings • Feb 18
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: US$0.38 loss per share (down from US$0.53 profit in 3Q 2025). Revenue: US$93.1m (up 219% from 3Q 2025). Net loss: US$91.3m (down 234% from profit in 3Q 2025). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 37% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • Feb 12
HIVE Digital Technologies Ltd. to Report Q3, 2026 Results on Feb 17, 2026 HIVE Digital Technologies Ltd. announced that they will report Q3, 2026 results Pre-Market on Feb 17, 2026 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to CA$3.37, the stock trades at a trailing P/E ratio of 17.8x. Average forward P/E is 6x in the Software industry in Canada. Total loss to shareholders of 30% over the past three years. Recent Insider Transactions • Jan 22
Independent Director recently sold CA$224k worth of stock On the 20th of January, David Perrill sold around 50k shares on-market at roughly CA$4.47 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$340k. Insiders have been net sellers, collectively disposing of CA$3.6m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CA$4.10, the stock trades at a trailing P/E ratio of 20.6x. Average forward P/E is 6x in the Software industry in Canada. Total returns to shareholders of 38% over the past three years. Duyuru • Dec 24
HIVE Digital Technologies Ltd., Annual General Meeting, Mar 05, 2026 HIVE Digital Technologies Ltd., Annual General Meeting, Mar 05, 2026. Location: british columbia, vancouver Canada Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CA$3.68, the stock trades at a trailing P/E ratio of 18.5x. Average forward P/E is 6x in the Software industry in Canada. Total returns to shareholders of 55% over the past three years. Duyuru • Nov 26
HIVE Digital Technologies Ltd. has filed a Follow-on Equity Offering in the amount of $300 million. HIVE Digital Technologies Ltd. has filed a Follow-on Equity Offering in the amount of $300 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering New Risk • Nov 21
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 84% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 84% per year for the foreseeable future. High level of non-cash earnings (61% accrual ratio). Shareholders have been substantially diluted in the past year (87% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Profit margins are more than 30% lower than last year (22% net profit margin). Significant insider selling over the past 3 months (CA$3.1m sold). Reported Earnings • Nov 17
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: US$0.069 loss per share (further deteriorated from US$0.065 loss in 2Q 2025). Revenue: US$87.3m (up 285% from 2Q 2025). Net loss: US$15.8m (loss widened 106% from 2Q 2025). Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 44% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to CA$5.73, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 7x in the Software industry in Canada. Total returns to shareholders of 82% over the past three years. Duyuru • Nov 07
HIVE Digital Technologies Ltd. to Report Q2, 2026 Results on Nov 14, 2025 HIVE Digital Technologies Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Recent Insider Transactions • Nov 02
President & CEO recently sold CA$340k worth of stock On the 27th of October, Aydin Kilic sold around 40k shares on-market at roughly CA$8.50 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$1.1m. Aydin has been a net seller over the last 12 months, reducing personal holdings by CA$985k. Recent Insider Transactions Derivative • Oct 29
Chief Information Officer exercised options and sold CA$407k worth of stock On the 24th of October, Mario Sergi exercised options to acquire 50k shares at no cost and sold these for an average price of CA$8.13 per share. This trade did not impact their existing holding. Mario now holds 1.05k shares directly in their own name. Company insiders have collectively sold CA$4.3m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Oct 22
Executive Chairman recently sold CA$1.1m worth of stock On the 14th of October, Frank Holmes sold around 114k shares on-market at roughly CA$9.62 per share. This transaction amounted to 82% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Frank's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to CA$8.20, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Software industry in Canada. Total returns to shareholders of 96% over the past three years. Recent Insider Transactions • Oct 08
Independent Director recently sold CA$773k worth of stock On the 6th of October, David Perrill sold around 100k shares on-market at roughly CA$7.73 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$1.9m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to CA$6.09, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 11x in the Software industry in Canada. Total returns to shareholders of 10% over the past three years. Duyuru • Sep 24
HIVE Digital Technologies Ltd. Completes 20 Exahash Per Second of Global Bitcoin Mining Capacity HIVE Digital Technologies Ltd. announced it has exceeded 20 Exahash per second ("EH/s") of global Bitcoin mining capacity following the continued successful deployment of ASICs at its Phase 3 Valenzuela facility in Paraguay. Phase 3 represents HIVE's third 100 megawatt ("MW") development of green energy infrastructure in Paraguay, powered by hydroelectric energy from the Itaipu Dam, reinforcing the Company's commitment to sustainable Bitcoin mining. With a year-to-date hashrate increase of approximately 233%, HIVE is now mining 9 Bitcoin per day at a global fleet efficiency of 18 Joules per Terahash ("J/TH"), achieving a mining margin of 55% after electricity costs. This represents approximately 2% of the Bitcoin network, based on the current difficulty of 142 trillion, with all figures publicly verifiable through Bitcoin block explorers. With Phase 3 construction now substantially complete, and installations progressing ahead of schedule, HIVE achieved the 19 EH/s target, with the latest additions bringing HIVE's global fleet to 20 EH/s, marking a key milestone in the Company's roadmap toward its target of 25 EH/s by U.S. Thanksgiving. Upon completion of Phase 3, HIVE anticipates reaching daily Bitcoin production of approximately 12 BTC, based on current network difficulty. At that scale, HIVE expects to be operating at an efficiency of approximately 17.5 J/TH. All ASIC purchases for Phase 3 are funded, and all ASICs have been shipped. Over 40% of the Phase 3 ASICs are on-site and being installed, with the rest scheduled for delivery this month. HIVE expects growth to remain aligned with the economics of its Paraguay operations. Each additional exahash contributes directly to daily Bitcoin production and revenue potential, while operating costs remain stable under fixed-rate hydroelectric power and minimal incremental labor. Power expenses scale proportionally with machine usage and remain consistent with current cost structures. Recent Insider Transactions • Sep 23
President & CEO recently sold CA$428k worth of stock On the 18th of September, Aydin Kilic sold around 80k shares on-market at roughly CA$5.35 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Aydin has been a net seller over the last 12 months, reducing personal holdings by CA$489k. Recent Insider Transactions • Sep 17
Chief Operating Officer recently sold CA$183k worth of stock On the 12th of September, Luke Rossy sold around 36k shares on-market at roughly CA$5.08 per share. This transaction amounted to 85% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Luke has been a net seller over the last 12 months, reducing personal holdings by CA$330k. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to CA$4.68, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 9x in the Software industry in Canada. Total loss to shareholders of 22% over the past three years. Recent Insider Transactions • Sep 03
Chief Operating Officer recently sold CA$147k worth of stock On the 27th of August, Luke Rossy sold around 36k shares on-market at roughly CA$4.09 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Luke's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CA$3.89, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Software industry in Canada. Total loss to shareholders of 39% over the past three years. Duyuru • Aug 25
Hive Digital Technologies Crosses 16 EH/S, Marching Toward 25 EH/S as Expansion in Paraguay Powers Forward HIVE Digital Technologies Ltd. announced that it has surpassed 16 Exahash per second ("EH/s") of global Bitcoin mining hashrate, marking another major milestone in its journey toward 25 EH/s by U.S. Thanksgiving. This progress has lifted HIVE's daily Bitcoin output above 8 BTC, doubling the Company's production from May of this year. Deployment will then begin at the Phase 3 Valenzuela site in September, the final stage of HIVE's fully funded path to 25 EH/s. At which point, HIVE's daily Bitcoin production is projected to reach 12 BTC per day (based on current Bitcoin network difficulty), with HIVE having a global fleet efficiency of approximately 17.5 J/TH, representing nearly 3% of global supply at current network difficulty. The Company's expansion demonstrates the benefits of scale and energy efficiency, with the latest generation ASICs allowing HIVE to improve unit economics by generating more hashrate per joule of energy consumed, realizing additional revenue without additional labor or corporate overhead. Bitcoin mining economics are straightforward. Miners can calculate the value of each incremental exahash with simple math based on the global network difficulty. At today's network difficulty of 129T, one exahash generates approximately 0.50 BTC per day, including block rewards and transaction fees. This means that adding just 2 EH/s of new capacity translates into the addition of roughly 1.0 BTC per day. Similarly, in the previous epoch when difficulty was 127T, one exahash generated approximately 0.51 BTC per day, including block reward and transaction fees. This data is publicly available from Bitcoin block explorers, which make mining data available. (is one example). The daily revenue potential is a function of multiplying the amount of BTC mined per day by the then announced price of BTC. From that revenue, the analyst subtracts costs to determine mining margin. The costs associated with mining operations are approximately 80-90% electricity, depending on the site. Cost factors that vary include staff, real estate costs, and operating and maintenance expenses. Electric, primary cost, varies by usage (mining) which means that it is tied to revenue. This transparency is what makes the mining industry unique. Unlike many industry sectors where pricing power is uncertain or revenue forecasting is complex, Bitcoin miners know how each unit of computational power converts into economic output. The variables are public. They include the block reward, the level of network difficulty, the global hashrate and the market price of Bitcoin. Each exahash deployed represents a measurable contribution to daily Bitcoin production and revenue. With disciplined capital allocation and access to low-cost energy, miners can translate scaling into predictable cash flow. In short, Bitcoin mining economics are not a mystery- they are mathematically determined, with all data being available through the Bitcoin blockchain network statistics, widely available through many popular Bitcoin block explorers. In today's environment, every exahash matters. The strongly encourage investors in industry to become familiar with the economic framework of Bitcoin mining. especially encourage investors to examine operating costs, as well as the Company's operating costs, as well as the Company's operations. Reported Earnings • Aug 15
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$0.19 (up from US$0.17 loss in 1Q 2025). Revenue: US$45.6m (up 42% from 1Q 2025). Net income: US$35.0m (up US$53.3m from 1Q 2025). Profit margin: 77% (up from net loss in 1Q 2025). Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Recent Insider Transactions Derivative • Jul 25
Chief Operating Officer exercised options and sold CA$433k worth of stock On the 24th of July, Luke Rossy exercised options to acquire 134k shares at no cost and sold these for an average price of CA$3.24 per share. This trade did not impact their existing holding. Since December 2024, Luke has owned 6.60k shares directly. Company insiders have collectively sold CA$785k more than they bought, via options and on-market transactions in the last 12 months. Duyuru • Jul 11
HIVE Digital Technologies Ltd. Exceeds 12 Exahash Per Second (EH/s) of Global Bitcoin Mining Hashrate HIVE Digital Technologies Ltd. announced it has exceeded 12 Exahash per second (EH/s) of global Bitcoin mining hashrate-doubling from 6 EH/s at the start of 2025-and has surpassed a $250 million annualized run rate revenue. This performance milestone reflects HIVE's extraordinary buildout in Yguazu, Paraguay, where the Company is rapidly constructing three hydro-powered data center campuses, intending to transform the region into a new epicenter of Bitcoin innovation and renewable infrastructure. From Vision to Velocity. The expansion of Phase 2 at the Yguazu site is well underway, with 1 EH/s of next-generation Bitmain S21+ Hydro ASIC miners now hashing in HIVE's fleet, with full deployment expected to reach 6.5 EH/s by late August. With this momentum, the Company remains on track to achieve 18 EH/s by summer's end and 25 EH/s by American Thanksgiving 2025. Duyuru • Jul 08
HIVE Digital Technologies Ltd. Announces the Official Launch of Phase 2 ( Second 100 Mw) At Its Hydro-Powered Yguazu Facility in Paraguay HIVE Digital Technologies Ltd. reported a 18% increase in Bitcoin production in June compared to May 2025, as it continues its aggressive global scale-up strategy. The Company mined 164 Bitcoin in June, driven by early success at its newly energized 100 megawatt ("MW") Phase 1 in Paraguay, a key component in HIVE's March toward a 12 Bitcoin per day production target by year-end scaling in revenue and cash flow margins. With the launch of Phase 2 in Paraguay, Management of HIVE believes that it has a clear runway to hyper-scale up to 25 EH/s by American Thanksgiving. Already delivering 11.4 EH/s in June, the Company has nearly doubled its hashrate since the end of March and is executing the most ambitious growth plans in the Company's history. Phase 2 Launch Accelerates Momentum. HIVE is excited to announce the official launch of Phase 2 (second 100 MW) at its hydro-powered Yguazu facility in Paraguay. As of today, 0.4 exahash per second ("EH/s") of new machines are already hashing - more than 5% of the total potential Phase 2 capacity - with rapid deployments to continue throughout the summer. Once fully energized, Phase 2 will generate approximately 6.5 EH/s from next-generation Bitmain S21+ Hydro miners, pushing HIVE's global fleet efficiency to an industry-leading ~18.5 J/TH. EH/s: 15 BTC. June 2025 Production Highlights. Bitcoin Produced: 164 BTC (vs. 139 BTC in May) Average Daily Production: 5.5 BTC/day. Hashrate: Average hashrate of 11.0 EH/s inJune, reaching a peak of 11.4 EH/S. Fleet Efficiency: ~20 J/TH. BTC per EH/s: 15 Bitcoin. To align long-term incentives across all levels of the organization, HIVE has granted 2,809,000 Restricted Share Units ("RSUs") to employees, officers, directors, and key consultants. These RSUs, which vest after one year, reflect the Company's deep commitment to rewarding and retaining the team driving HIVE's exceptional growth. This broad-based equity grant supports a culture of "all oars in the water pulling in the same direction," innovation, accountability, recognition for hitting milestones and alignment with shareholders, reinforcing HIVE's commitment to sustainable growth and world-class execution. BUZZ HPC Expands Sovereign AI Footprint in Canada. In parallel with Bitcoin expansion, HIVE's high-performance computing subsidiary BUZZ High Performance Computing Inc. ("BUZZ HPC") continues to scale its AI infrastructure. In June, BUZZ HPC signed a purchase agreement for a 7.2 MW Tier 3 data center campus located in Toronto, Canada, which will support up to 5,000 next-gen GPUs for sovereign Canadian AI compute. Reported Earnings • Jun 27
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: US$0.023 loss per share (down from US$0.29 profit in FY 2024). Revenue: US$115.3m (flat on FY 2024). Net loss: US$3.00m (down 111% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 88%. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Duyuru • Jun 20
HIVE Digital Technologies Ltd. Surpasses 11 EH/s Bitcoin Hashrate Milestone as 100 MW Phase 1 in Paraguay Completed Ahead of Schedule HIVE Digital Technologies Ltd. announced it has surpassed 11 Exahash per second (EH/s) of global Bitcoin mining hashrate, achieving an operational hashrate of 11.4 EH/s. This milestone marks the early and successful completion of Phase 1 (100 MW) of HIVE's Yguazu site in Paraguay - a pivotal step in its mission to scale to 25 EH/s by American Thanksgiving 2025. Over the past five weeks, HIVE has steadily increased its installed hashrate by approximately 1 EH/s per week, reaching 11 EH/s last week. The Company has since grown to 11.5 EH/s and expects to maintain this level under typical operating conditions. As summer temperatures rise across HIVE's Canadian data centers, minor fluctuations in daily hashrate are expected as the Company optimizes ASIC performance for seasonal conditions. A Strategic, Sustainable Expansion. HIVE's expansion into Paraguay reflects its long-term vision of harnessing low-cost, 100% renewable hydroelectricity in nations aligned with U.S. interests and committed to sustainable growth. The Company has fully funded its expansion and is making significant progress with Phase 2 of its Paraguay build-out. New Bitmain S21+ Hydro ASICs have arrived and are being prepared for deployment in hydro containers, with an expected ramp-up to 18 EH/s by late summer. HIVE's investment in Paraguay goes beyond digital infrastructure - it's an investment in communities. In partnership with local authorities, HIVE has: Created hundreds of construction jobs, supporting the expansion of Paraguay's electrical grid infrastructure. Funded and implemented the installation of air conditioning units in junior schools, providing a better learning environment for children. Supported the installation of new night lighting across the streets of Valenzuela, enhancing public safety and quality of life. Committed to long-term economic benefits by paying for energy in U.S. dollars, reinforcing the local currency and promoting economic stability. Duyuru • Jun 16
HIVE Digital Technologies Ltd. to Report Q4, 2025 Results on Jun 26, 2025 HIVE Digital Technologies Ltd. announced that they will report Q4, 2025 results on Jun 26, 2025 Recent Insider Transactions • May 29
Independent Director recently sold CA$279k worth of stock On the 22nd of May, David Perrill sold around 100k shares on-market at roughly CA$2.79 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$356k more than they bought in the last 12 months. Major Estimate Revision • Mar 21
Consensus EPS estimates fall by 103% The consensus outlook for fiscal year 2025 has been updated. 2025 expected loss increased from -US$0.039 to -US$0.079 per share. Revenue forecast unchanged at US$116.7m. Software industry in Canada expected to see average net income growth of 4.1% next year. Consensus price target of CA$7.00 unchanged from last update. Share price was steady at CA$2.37 over the past week. Major Estimate Revision • Mar 13
Consensus EPS estimates upgraded to US$0.039 loss, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$118.3m to US$117.0m. 2025 losses expected to reduce from -US$0.153 to -US$0.039 per share. Software industry in Canada expected to see average net income growth of 4.1% next year. Consensus price target of CA$7.00 unchanged from last update. Share price fell 11% to CA$2.41 over the past week. Major Estimate Revision • Mar 11
Consensus EPS estimates upgraded to US$0.079 loss, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from US$118.3m to US$117.0m. 2025 losses expected to reduce from -US$0.153 to -US$0.079 per share. Software industry in Canada expected to see average net income growth of 4.1% next year. Consensus price target of CA$7.00 unchanged from last update. Share price fell 9.8% to CA$2.48 over the past week. Reported Earnings • Feb 12
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: US$0.01 (up from US$0.079 loss in 3Q 2024). Revenue: US$29.2m (down 6.5% from 3Q 2024). Net income: US$1.27m (up US$8.22m from 3Q 2024). Profit margin: 4.3% (up from net loss in 3Q 2024). Revenue missed analyst estimates by 4.4%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 71% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Duyuru • Jan 29
HIVE Digital Technologies Ltd. to Report Q3, 2025 Results on Feb 11, 2025 HIVE Digital Technologies Ltd. announced that they will report Q3, 2025 results After-Market on Feb 11, 2025 Duyuru • Jan 22
Hive Digital Technologies Ltd. Appoints John R. Evans Jr. to Global Strategy Advisory Committee HIVE Digital Technologies Ltd. announce that Lieutenant General (Ret.) John R. Evans Jr. has joined its Global Strategy Advisory Committee. As data centers increasingly become a national security priority, the formation of this committee marks a significant step forward in HIVE's mission to responsibly expand its global footprint. With green-energy- powered operations spanning nine time zones and conducting business in five languages, General Evans' appointment highlights the Company's commitment to ensuring operations align with the highest standards of security, sustainability, and resilience. About Lieutenant General (Ret.) John R. Evans, Jr.: As a combat aviator adept at operating in volatile, high-stakes environments, General Evans served 36 years in the U.S. Army with distinction, leading critical military operations during Desert Storm, Iraq, and Afghanistan. His extensive expertise in leadership, crisis management, cybersecurity, and global operations makes him an invaluable addition to HIVE's strategic team. Throughout his illustrious military career, General Evans earned numerous accolades for his leadership and operational excellence, including the Distinguished Service Medal, Defense Superior Service Medal, Legion of Merit with two oak leaf clusters, and Bronze Star with three oak leaf clusters. He retired as the commander of U.S. Army North (Fifth Army), where he led approximately 2,000 personnel in executing homeland defense strategies and missile defense initiatives, while addressing emerging threats from adversaries such as Russia over the Arctic region. Strategic Contributions of Lieutenant General (Ret.) John R. Evans Jr.: Strategic Leadership and Global Operational Expertise: As a former commander of complex multinational operations, General Evans will provide critical insights into navigating the complexities of operating across diverse regions and time zones. His ability to prioritize resources, mitigate risks, and execute complex initiatives will help guide the Company's international expansion while maintaining operational excellence. Technological and Cybersecurity Insight: In an increasingly complex and interconnected world, General Evans' extensive experience in working with advanced technologies and safeguarding critical infrastructure will strengthen the Company's cybersecurity resilience. As HIVE accelerates its global expansion, his expertise will be instrumental in strengthening the Company's position as a leader in secure digital infrastructure. Crisis Management and Risk Mitigation: With nearly four decades of experience managing crises in mission-critical environments, General Evans is uniquely positioned to help HIVE identify and mitigate risks related to geopolitical tensions, technological disruptions, and environmental challenges. His guidance will strengthen HIVE's ability to navigate in an ever-evolving global landscape. Geopolitical Awareness and Strategic Partnerships: General Evans' deep understanding of global geopolitical dynamics will empower the Company to navigate complex regulatory environments and capitalize on strategic opportunities across diverse regions. His insights will enhance HIVE's efforts to forge strong international partnerships, reinforcing HIVE's position as a trusted global leader. Commitment to Sustainability: As a strong advocate for sustainable systems during his military career, General Evans aligns with HIVE's mission to expand its data center infrastructure while adhering to environmentally responsible practices. His leadership will help ensure that sustainability remains at the core of the Company's growth strategy. As part of his role on the Company's Global Strategy Advisory committee, General Evans will work with HIVE's leadership team to review and critique strategic plans for growth while ensuring that all initiatives align with best practices in operational efficiency, environmental stewardship, and risk mitigation. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 45% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (45% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. No highly experienced directors. Independent Director Susan McGee was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 51% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risk Share price has been volatile over the past 3 months (13% average weekly change). Reported Earnings • Nov 14
Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2025 results: US$0.065 loss per share (improved from US$0.29 loss in 2Q 2024). Revenue: US$22.6m (flat on 2Q 2024). Net loss: US$7.66m (loss narrowed 69% from 2Q 2024). Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) exceeded analyst estimates by 39%. Revenue is forecast to grow 46% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 38% per year. Duyuru • Nov 07
HIVE Digital Technologies Ltd. to Report Q2, 2025 Results on Nov 13, 2024 HIVE Digital Technologies Ltd. announced that they will report Q2, 2025 results Pre-Market on Nov 13, 2024 Duyuru • Oct 04
HIVE Digital Technologies Ltd. has filed a Follow-on Equity Offering in the amount of $200 million. HIVE Digital Technologies Ltd. has filed a Follow-on Equity Offering in the amount of $200 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Duyuru • Oct 01
HIVE Digital Technologies Ltd., Annual General Meeting, Dec 11, 2024 HIVE Digital Technologies Ltd., Annual General Meeting, Dec 11, 2024. Location: british columbia, vancouver Canada Reported Earnings • Aug 13
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.029 (up from US$0.19 loss in 1Q 2024). Revenue: US$32.2m (up 37% from 1Q 2024). Net income: US$3.26m (up US$19.5m from 1Q 2024). Profit margin: 10% (up from net loss in 1Q 2024). Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. Duyuru • Aug 09
HIVE Digital Technologies Ltd. to Report Q1, 2025 Results on Aug 13, 2024 HIVE Digital Technologies Ltd. announced that they will report Q1, 2025 results After-Market on Aug 13, 2024 New Risk • Jul 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$66m free cash flow). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (39% increase in shares outstanding). Reported Earnings • Jun 25
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: US$0.57 loss per share (improved from US$2.85 loss in FY 2023). Revenue: US$114.5m (up 7.7% from FY 2023). Net loss: US$51.2m (loss narrowed 78% from FY 2023). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 30 percentage points per year, which is a significant difference in performance. Duyuru • Jun 24
HIVE Digital Technologies Ltd. to Report Fiscal Year 2024 Results on Jun 24, 2024 HIVE Digital Technologies Ltd. announced that they will report fiscal year 2024 results After-Market on Jun 24, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: US$0.079 loss per share (improved from US$1.09 loss in 3Q 2023). Revenue: US$31.3m (up 118% from 3Q 2023). Net loss: US$6.95m (loss narrowed 92% from 3Q 2023). Revenue exceeded analyst estimates by 9.7%. Earnings per share (EPS) also surpassed analyst estimates by 66%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Software industry in Canada. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 35 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jan 25
Independent Director recently sold CA$52k worth of stock On the 23rd of January, David Perrill sold around 13k shares on-market at roughly CA$4.19 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$823k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Jan 04
Independent Director exercised options to buy CA$872k worth of stock. On the 2nd of January, David Perrill exercised options to buy 150k shares at a strike price of around CA$5.96, costing a total of CA$894k. Company insiders have collectively bought CA$345k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Nov 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$21m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$21m free cash flow). Earnings have declined by 14% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (5.2% increase in shares outstanding). Duyuru • Aug 22
HIVE Digital Technologies Ltd., Annual General Meeting, Oct 17, 2023 HIVE Digital Technologies Ltd., Annual General Meeting, Oct 17, 2023. Reported Earnings • Aug 13
First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2024 results: US$0.19 loss per share (improved from US$1.16 loss in 1Q 2023). Revenue: US$23.6m (down 47% from 1Q 2023). Net loss: US$16.3m (loss narrowed 83% from 1Q 2023). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 37%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 124 percentage points per year, which is a significant difference in performance. New Risk • Jul 01
New major risk - Revenue and earnings growth Earnings have declined by 5.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.6% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (US$101m net loss next year). Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Significant insider selling over the past 3 months (CA$605k sold). Reported Earnings • Jul 01
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: US$2.85 loss per share (down from US$1.03 profit in FY 2022). Revenue: US$106.3m (down 50% from FY 2022). Net loss: US$236.4m (down 397% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.6%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 144 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • May 08
Independent Director recently sold CA$53k worth of stock On the 4th of May, David Perrill sold around 13k shares on-market at roughly CA$4.21 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth CA$273k. Insiders have been net sellers, collectively disposing of CA$580k more than they bought in the last 12 months. Recent Insider Transactions • Apr 19
Independent Director recently sold CA$69k worth of stock On the 14th of April, David Perrill sold around 13k shares on-market at roughly CA$5.50 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$254k more than they bought in the last 12 months. Recent Insider Transactions • Apr 06
Independent Director recently sold CA$55k worth of stock On the 31st of March, David Perrill sold around 13k shares on-market at roughly CA$4.41 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$130k more than they bought in the last 12 months. Reported Earnings • Feb 22
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: US$1.09 loss per share (down from US$0.66 profit in 3Q 2022). Revenue: US$14.3m (down 79% from 3Q 2022). Net loss: US$90.0m (down 276% from profit in 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is expected to decline by 23% p.a. on average during the next 2 years, while revenues in the Software industry in Canada are expected to grow by 14%. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: US$0.45 loss per share (down from US$0.51 profit in 2Q 2022). Revenue: US$29.6m (down 45% from 2Q 2022). Net loss: US$37.0m (down 195% from profit in 2Q 2022). Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 136%. Revenue is expected to decline by 61% p.a. on average during the next 2 years, while revenues in the Software industry in Canada are expected to grow by 16%. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Sep 20
Independent Director recently sold CA$75k worth of stock On the 13th of September, Dave Perrill sold around 13k shares on-market at roughly CA$6.00 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$1.4m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 42% share price gain to CA$6.23, the stock trades at a trailing P/E ratio of 5x. Average forward P/E is 57x in the Software industry in Canada. Total returns to shareholders of 219% over the past three years. Reported Earnings • Jul 21
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: US$1.03 (up from US$0.35 in FY 2021). Revenue: US$211.2m (up 212% from FY 2021). Net income: US$79.6m (up 230% from FY 2021). Profit margin: 38% (up from 36% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) missed analyst estimates by 72%. Over the next year, revenue is expected to shrink by 6.0% compared to a 24% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improved over the past week After last week's 25% share price gain to CA$5.15, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 50x in the Software industry in Canada. Total returns to shareholders of 203% over the past three years. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 39% share price gain to CA$5.92, the stock trades at a forward P/E ratio of 2x. Average forward P/E is 37x in the Software industry in Canada. Total returns to shareholders of 137% over the past three years. Major Estimate Revision • May 24
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$207.9m to US$193.1m. EPS estimate rose from US$2.31 to US$4.09. Net income forecast to shrink 34% next year vs 0.6% decline forecast for Software industry in Canada. Consensus price target of CA$21.88 unchanged from last update. Share price fell 29% to CA$4.25 over the past week. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 21% share price decline to CA$1.55, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 35x in the Software industry in Canada. Total returns to shareholders of 167% over the past three years.