**HIVE Digital Technologies: A Green-Powered Crypto & AI Player to Watch**

HIVE Digital Technologies (NASDAQ: HIVE) is a tech company that runs powerful data centers using clean, renewable energy. Their main focus? Mining cryptocurrency like Bitcoin and offering high-performance computing (HPC) services for things like artificial intelligence (AI), machine learning, and scientific research.

They operate massive sites in Canada, Sweden, and Paraguay—all powered by hydro, wind, or solar energy. This green energy helps keep their costs down and reduces pollution.

### What HIVE Does

HIVE has two main business areas:

– **Crypto Mining:** HIVE uses specialized machines called ASIC miners to help run and secure blockchain networks like Bitcoin. They earn crypto coins in return, which they later sell.

– **High-Performance Computing (Buzz HPC):** HIVE rents out its extra GPU power to companies and researchers who need serious computing strength—like for AI or big data projects. This brings in steady revenue regardless of crypto prices.

### How HIVE Stands Out

The crypto and computing industries are full of strong competitors. In mining, there are companies like Marathon Digital (MARA) and Riot Platforms (RIOT). In HPC, giants like Amazon AWS and Google Cloud dominate. But HIVE stands out for a few key reasons:

– They use low-cost renewable energy across three countries.
– Their mix of crypto and HPC offers more stability—if one side struggles, the other can help smooth things out.
– They’re making steady progress in both areas.

### Stock Performance

As of September 10, 2025, HIVE’s stock was priced at $3.16—up from $2.92 a year earlier. That’s an 8.2% return over 12 months. However, it underperformed compared to the S&P 500, which gained 19.2% during the same time.

Why the lag? Crypto prices have been shaky, hardware and energy costs went up with inflation, and some investors cashed out after earlier upgrades.

### Growth Outlook

HIVE is growing fast in both crypto mining and HPC:

– In Q1 fiscal 2026 (ending June 30, 2025), they made a record $45.6 million in revenue—a 50% jump from the year before.
– Their adjusted EBITDA hit $44.6 million.
– Their mining power rose by 45%, reaching 8.9 exahashes per second (EH/s).
– With new operations in Paraguay (Phase 2), they’re targeting 18 EH/s soon and aiming for 25 EH/s by year-end.
– On the HPC side, they’re targeting $100 million in yearly recurring revenue by 2026. AI demand and deals like the one with Bell Canada are helping boost growth.

Key drivers going forward include crypto market trends, better mining hardware, access to cheap renewable energy, and growing AI usage.

### Financial Strength

HIVE is now profitable:

– They earned $35 million in net income in Q1 FY2026.
– They have more cash than debt, with a net debt/EBITDA ratio of -0.42×.
– Their return on invested capital (ROIC) is 21.98%, much better than the market average of 11.13%.
– Their operating margins turned positive at 3.65%.

This shows they’re running more efficiently and getting good returns from their spending—especially on equipment and energy contracts.

Leadership under CEO Aydin Kilic and Executive Chairman Frank Holmes has been careful about raising money. Instead of issuing more stock (which could dilute shares), they’ve used Bitcoin-backed loans.

### Valuation & Market Outlook

At an enterprise value-to-sales (EV/Sales) ratio of just 1.36×, HIVE trades much cheaper than the market average of 4.55× and most of its peers. Their free cash flow is still negative (-30.9%), mostly because they’re investing heavily in new capacity.

Still, Wall Street sees potential: the average price target is $6.83—a possible upside of over 100%.

### Market Sentiment & Risk

Analysts are optimistic:

– Six rate HIVE as a “Strong Buy.”
– Institutional ownership is low (0.9%), and insider holdings are minimal—meaning low risk of share dilution.
– The stock is very volatile (beta of 2.47), meaning it swings more than twice as much as the overall market.
– Online sentiment is mostly positive after recent production boosts and new AI partnerships.

But keep in mind: this stock isn’t for everyone.

### Final Thoughts

HIVE Digital Technologies blends eco-friendly crypto mining with fast-growing AI computing services. It’s positioned well for future growth thanks to its clean energy setup, expanding hash power, and rising demand for high-performance computing.

That said, it comes with high risks: crypto price drops, energy cost changes, tech upgrade delays, or regulatory hurdles could all hit hard.

If you’re an investor who believes in the future of crypto and AI—and you can handle wild price swings—HIVE could be a smart long-term play. But if you’re more risk-averse or looking for stable income, you might want to keep watching from the sidelines until things settle down.