
HIVE Stock Forecast & Price Target
HIVE Analyst Ratings
Bulls say
HIVE Digital Technologies Ltd reported a substantial 29% quarter-over-quarter increase in BTC mining revenues, reaching $26.7 million, primarily driven by a 37% rise in average BTC prices despite a slight decline in BTC production. The company's HPC Non-GAAP gross margin is projected to increase significantly from 20% to nearly 50% by the fourth quarter of 2026, potentially generating $11 million in Adjusted EBITDA, while HPC revenues grew by 35% quarter-over-quarter to $2.5 million. Additionally, HIVE is revising its revenue and adjusted EBITDA estimates for the fiscal year ending March 31, 2026, to $375.8 million and $178.6 million, respectively, showcasing a strong outlook for both segments of its business.
Bears say
HIVE Digital Technologies Ltd is facing a negative outlook due to a downward revision in the revenue estimate for fiscal year 2025, now forecasted at $118.2 million, reflecting challenges in ramping up their deployed hash rate. Additionally, the company's share of Bitcoin network rewards has declined to 0.69%, resulting in reduced mining profitability and heightened liquidity pressures, exacerbating the company's expansion plans. Operational risks related to delays in deploying new mining hardware and the necessity for constant hardware updates further contribute to the concerns surrounding HIVE's competitive standing in the blockchain industry.
This aggregate rating is based on analysts' research of Hive Blockchain Technologies Ltd and is not a guaranteed prediction by Public.com or investment advice.
HIVE Analyst Forecast & Price Prediction
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