HIVE Digital Technologies received its first-ever analyst coverage from Chardan Capital on July 27, 2026, with the firm initiating a "Buy" rating and a price target of $7.50. HIVE, listed on
HIVE Digital Technologies received its first-ever analyst coverage from Chardan Capital on July 27, 2026, with the firm initiating a "Buy" rating and a price target of $7.50.
HIVE, listed on Nasdaq and also trading on the Toronto Stock Exchange, builds and operates Tier-I and Tier-III data centers powered by clean energy across Canada, Sweden, and Paraguay.
The company runs what it describes as a dual-engine model, combining Bitcoin mining computing with GPU-based accelerated AI computing through its BUZZ HPC subsidiary.
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Chardan's initiation adds another voice to what has already been a strongly bullish analyst picture for HIVE. Recent price targets from other firms have ranged as high as $10, with most maintaining Buy ratings and double- or triple-digit upside estimates.
Canaccord Genuity holds a $10 target, implying 257% upside, while B. Riley Securities and Cantor Fitzgerald have both set $7 to $8 targets after recent revisions upward.
HIVE analyst ratings. Source: TipRanksFirms including H.C. Wainwright, Northland Securities, and Lucid Capital have also reiterated Buy ratings this year, with targets ranging from $6 to $8.
KBW remains the lone Hold-rated firm covering the stock, having trimmed its target from $5 to $4.50 in its most recent update, though even that figure still implies more than 60% upside from current levels.
Chardan said HIVE gives investors exposure to Bitcoin mining while also diversifying into AI and high-performance computing through its GPU cloud service platform and colocation business, according to Investing.com.
The firm noted HIVE is positioned to serve the Canadian sovereign AI market and holds the flexibility to repurpose its existing data center assets for other uses as demand shifts.
That AI push has produced tangible results in recent months. HIVE posted fiscal 2026 total revenue of $297.8 million, up 158% year-over-year, and its BUZZ HPC subsidiary closed a $220 million sovereign AI GPU contract with Bell AI Fabric for Cohere in June.
The company has also been expanding its physical footprint, agreeing to acquire a 32 megawatt data center in Boden, Sweden, and announcing a 320 megawatt sovereign AI infrastructure project in the Greater Toronto Area.
HIVE Digital Technologies stock price at press time. Source: RobinhoodAs of press time, HIVE shares were trading at $2.80, down 5.25% over the past 24 hours, according to Robinhood, putting Chardan's target roughly 168% above the current price.
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