A Look At HIVE Digital Technologies (TSXV:HIVE) Valuation As It Expands AI Data Center Capacity And Retreats From Crypto

HIVE Digital Technologies (TSXV:HIVE) is reshaping its business around AI infrastructure, expanding Canadian data center capacity from 4 MW to 16.6 MW while reducing bitcoin mining exposure in Sweden and retooling facilities for enterprise GPU workloads.

See our latest analysis for HIVE Digital Technologies.

The recent collaboration with AMC Robotics and the AI data center expansion have arrived during a choppy period for the stock. A 1-year total shareholder return of 21.29% contrasts with weaker multi year total shareholder returns, and a 90 day share price return of a 21.35% decline suggests momentum has been fading.

If this AI infrastructure story has your attention, it may be worth broadening your watchlist to other AI infrastructure names through the Simply Wall St screener for 33 AI infrastructure stocks

With HIVE now valued at about CA$742 million, posting CA$257.1 million in revenue but a CA$125.1 million loss and a mixed recent return profile, you have to ask: is there a mispriced AI pivot here, or is the market already baking in future growth?

Most Popular Narrative: 64.3% Undervalued

According to the most followed valuation narrative, HIVE’s fair value of CA$8.45 sits a long way above the last close of CA$3.02, which naturally catches the eye for a company still in loss making territory.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) Equities researchers at HC Wainwright raised their FY2025 EPS estimates for shares of HIVE Digital Technologies in a research note issued on Thursday, November 14th. HC Wainwright analyst M. Colonnese now forecasts that the company will post earnings per share of ($0.33) for the year, up from their prior estimate of ($0.35). HC Wainwright has a “Buy” rating and a $8.00 price target on the stock. The consensus estimate for HIVE Digital Technologies’ current full-year earnings is ($0.27) per share. HC Wainwright also issued estimates for HIVE Digital Technologies’ Q4 2025 earnings at ($0.07) EPS and Q4 2026 earnings at $0.03 EPS.

Read the complete narrative.

According to prajitdasani, this valuation rests on a path from losses toward sustained profitability, with revenue expansion and margin repair doing most of the heavy lifting. Curious which earnings step changes and profit multiples are baked into that CA$8.45 figure and how sensitive the outcome is to those assumptions.

Result: Fair Value of CA$8.45 (UNDERVALUED)

Have a read of the narrative in full and understand what’s behind the forecasts.

However, any earnings recovery case leans heavily on turning a CA$125.1 million loss and annual net income contraction of 33.8% into sustainable profitability in a volatile, crypto-driven business.

Find out about the key risks to this HIVE Digital Technologies narrative.

Next Steps

Mixed signals around value and risk can be hard to read, so if this story interests you, take a closer look now and weigh the 2 key rewards and 4 important warning signs.

Looking for more investment ideas?

If HIVE has sparked your interest, do not stop here. The right mix of other opportunities could be what strengthens your overall portfolio.

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