HIVE Digital Technologies stock reports a USD 350.00 million AI deal
Published on 09/30/2026 at 22:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
HIVE Digital Technologies has signed a five-year GPU cloud agreement with a reported total value of USD 350.00 million, adding expected annualized revenue of USD 70.00 million. The company disclosed the contract in an August 19, 2026 filing summary published by StockTitan.
AI contract expands recurring revenue
The agreement is expected to lift BUZZ High Performance Computing's annualized revenue to USD 180.00 million through the fourth quarter of 2026. HIVE plans to deploy 2,016 NVIDIA Blackwell Ultra GPUs at the Bell AI Fabric facility in British Columbia, with deployment scheduled for calendar Q4 2026.
The contract builds on HIVE's shift from cryptocurrency mining toward artificial intelligence infrastructure. The company also reported a GPU cloud demand pipeline exceeding USD 1.00 billion and signed GPU cloud contracts totaling more than USD 600.00 million year to date in a September 15, 2026 filing summary from StockTitan.
Revenue grows while losses remain
For Q1 fiscal 2027 ended June 30, 2026, HIVE generated USD 79.12 million of revenue, up 73.50 percent from the prior year. The quarter also produced a GAAP net loss of USD 137.83 million and diluted GAAP EPS of negative USD 0.54, according to the latest structured financial statement.
The revenue figure was below the USD 81.72 million consensus estimate, while the loss per share was wider than the USD 0.21 consensus loss. MarketBeat reported these Q1 comparisons on September 14, 2026.
Analyst target stays above market
Jones Trading initiated coverage with a Buy rating and a USD 6.00 price target in a note released September 26, 2026, as Investing.com reported on September 28, 2026. MarketBeat placed the average 12-month analyst target at USD 6.95 on September 14, 2026, with six of eight analysts carrying Buy ratings.
Nasdaq value and market scale
HIVE was last at USD 2.95 on Nasdaq on September 30, 2026 at 4:00 p.m. ET. Its market capitalization was USD 807.2 million on the same date, while the 52-week range stood at USD 1.73 to USD 7.84.
HIVE Digital Technologies stock facts
- Company: HIVE Digital Technologies Ltd.
- Ticker: HIVE
- Primary exchange: NASDAQ
- Market capitalization: USD 807.2 million (as of September 30, 2026)
- 52-week range: USD 1.73-7.84 (as of September 30, 2026)
- Sector / Industry: Technology / Information Technology Services
