HIVE Digital Technologies Target of Unusually Large Options Trading (NASDAQ:HIVE)

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) was the recipient of unusually large options trading on Tuesday. Investors bought 19,610 call options on the stock. This is an increase of approximately 47% compared to the average volume of 13,317 call options.

Hedge Funds Weigh In On HIVE Digital Technologies

A number of large investors have recently made changes to their positions in HIVE. NewEdge Advisors LLC increased its holdings in shares of HIVE Digital Technologies by 1,885.8% in the 4th quarter. NewEdge Advisors LLC now owns 9,929 shares of the company’s stock valued at $26,000 after purchasing an additional 9,429 shares during the period. Ground Swell Capital LLC acquired a new position in shares of HIVE Digital Technologies in the 4th quarter valued at about $27,000. Private Advisor Group LLC acquired a new position in shares of HIVE Digital Technologies in the 1st quarter valued at about $27,000. Rafferty Asset Management LLC acquired a new position in shares of HIVE Digital Technologies in the 4th quarter valued at about $28,000. Finally, State of Wyoming acquired a new position in shares of HIVE Digital Technologies in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 24.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HIVE shares. Rosenblatt Securities boosted their target price on HIVE Digital Technologies from $5.00 to $5.50 and gave the stock a “buy” rating in a report on Wednesday. HC Wainwright reissued a “buy” rating and set a $7.00 target price on shares of HIVE Digital Technologies in a report on Wednesday. B. Riley Financial boosted their target price on HIVE Digital Technologies from $5.00 to $8.00 and gave the stock a “buy” rating in a report on Wednesday. Cantor Fitzgerald boosted their target price on HIVE Digital Technologies from $3.00 to $4.60 and gave the stock an “overweight” rating in a report on Tuesday, May 19th. Finally, Northland Securities set a $6.00 target price on HIVE Digital Technologies in a report on Wednesday, February 18th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $6.51.

HIVE Digital Technologies Price Performance

HIVE opened at $4.38 on Thursday. The stock has a fifty day moving average of $2.82 and a 200-day moving average of $2.75. The firm has a market capitalization of $1.16 billion, a P/E ratio of -7.82 and a beta of 3.74. HIVE Digital Technologies has a 12-month low of $1.60 and a 12-month high of $7.84. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.02.

HIVE Digital Technologies (NASDAQ:HIVE) last released its earnings results on Tuesday, June 2nd. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.07). The business had revenue of $71.82 million during the quarter, compared to analysts’ expectations of $79.99 million. HIVE Digital Technologies had a negative net margin of 49.21% and a negative return on equity of 22.60%. Equities analysts forecast that HIVE Digital Technologies will post -0.65 EPS for the current fiscal year.

More HIVE Digital Technologies News

Here are the key news stories impacting HIVE Digital Technologies this week:

• Positive Sentiment: HC Wainwright reaffirmed its Buy rating on HIVE and set a $7.00 price target, implying meaningful upside from current levels. Analyst rating article
• Positive Sentiment: HIVE reported fiscal 2026 revenue of $297.8 million, up 158% year over year, with BUZZ high-performance computing revenue also hitting a record level, supporting the company’s AI infrastructure growth narrative. FY2026 revenue release
• Positive Sentiment: Recent coverage suggests investors may be underestimating HIVE’s AI infrastructure expansion and its potential to become a larger growth engine beyond Bitcoin mining. Analyst commentary
• Neutral Sentiment: Trading activity was elevated, including unusually large call-option volume, which may reflect speculative positioning ahead of earnings and strategic updates. Options activity reference
• Negative Sentiment: Despite revenue growth, HIVE’s latest quarterly results showed a net loss and a revenue miss versus estimates, reminding investors that profitability remains a challenge. Earnings miss article
• Negative Sentiment: One article notes investors are weighing whether HIVE’s AI pivot can offset growing pressure on Bitcoin mining, which may limit enthusiasm near term. AI ambitions article

About HIVE Digital Technologies

HIVE Digital Technologies Ltd is a publicly traded blockchain infrastructure company that specializes in the mining of digital assets such as Bitcoin and Ethereum. Using high-performance GPU and ASIC hardware, HIVE deploys proprietary mining rigs across multiple data centers to validate transactions on major blockchain networks. The company’s operations are designed to maximize hashing power while maintaining efficiency and uptime, enabling it to build and hold a portfolio of mined cryptocurrencies.

Headquartered in Vancouver, British Columbia, HIVE Digital operates data center facilities in North America and Europe, including Canada, Sweden and Iceland.