What is HC Wainwright's Estimate for HIVE Q1 Earnings?

Key Points

• HC Wainwright estimates HIVE Digital Technologies will report a Q1 2028 loss of $0.05 per share and maintains a Buy rating with a $7.00 price target. It also forecasts quarterly losses of $0.05 to $0.07 through Q4 2028.
• HIVE’s latest quarter significantly missed expectations, reporting a $0.54-per-share loss versus the $0.21 consensus estimate, while revenue of $79.12 million fell short of the $81.72 million forecast.
• HIVE is expanding beyond bitcoin mining into AI and high-performance computing, highlighted by a five-year, approximately $350 million GPU cloud agreement; however, the company remains unprofitable and faces execution and capital requirements.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE - Free Report) - Equities research analysts at HC Wainwright issued their Q1 2028 earnings per share (EPS) estimates for HIVE Digital Technologies in a report released on Monday, August 17th. HC Wainwright analyst M. Colonnese expects that the company will post earnings per share of ($0.05) for the quarter. HC Wainwright has a "Buy" rating and a $7.00 price target on the stock. The consensus estimate for HIVE Digital Technologies' current full-year earnings is ($0.78) per share. HC Wainwright also issued estimates for HIVE Digital Technologies' Q2 2028 earnings at ($0.05) EPS, Q3 2028 earnings at ($0.06) EPS and Q4 2028 earnings at ($0.07) EPS.

HIVE Digital Technologies (NASDAQ:HIVE - Get Free Report) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.54) earnings per share for the quarter, missing the consensus estimate of ($0.21) by ($0.33). HIVE Digital Technologies had a negative return on equity of 29.90% and a negative net margin of 98.49%.The firm had revenue of $79.12 million for the quarter, compared to the consensus estimate of $81.72 million. During the same period in the prior year, the firm posted $0.18 earnings per share.

Other analysts have also issued research reports about the stock. Wall Street Zen lowered shares of HIVE Digital Technologies from a "sell" rating to a "strong sell" rating in a report on Sunday, July 12th. Chardan Capital reaffirmed a "buy" rating and set a $7.50 price objective on shares of HIVE Digital Technologies in a research note on Monday. Canaccord Genuity Group reiterated a "buy" rating and issued a $10.00 price objective on shares of HIVE Digital Technologies in a report on Friday, June 5th. B. Riley Financial raised 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, June 3rd. Finally, Rosenblatt Securities upped their price target on HIVE Digital Technologies from $5.00 to $5.50 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, HIVE Digital Technologies has an average rating of "Moderate Buy" and a consensus target price of $6.95.

HIVE Digital Technologies Trading Up 14.1%

HIVE opened at $3.07 on Tuesday. The firm has a 50 day simple moving average of $3.33 and a 200 day simple moving average of $2.86. HIVE Digital Technologies has a fifty-two week low of $1.73 and a fifty-two week high of $7.84. The company has a market cap of $824.69 million, a price-to-earnings ratio of -2.38 and a beta of 3.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.10 and a quick ratio of 1.10.

Insider Buying and Selling at HIVE Digital Technologies

In other news, Director Dave Perrill sold 175,000 shares of HIVE Digital Technologies stock in a transaction dated Friday, June 19th. The stock was sold at an average price of $4.69, for a total transaction of $820,750.00. Following the transaction, the director owned 162,500 shares in the company, valued at $762,125. The trade was a 51.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Luke Rossy sold 215,000 shares of the business's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $3.97, for a total value of $853,550.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 681,700 shares of company stock valued at $2,937,876.

Institutional Investors Weigh In On HIVE Digital Technologies

Large investors have recently made changes to their positions in the stock. Situational Awareness LP acquired a new position in HIVE Digital Technologies in the 1st quarter worth $6,444,000. Acasta Partners UK LLP acquired a new position in shares of HIVE Digital Technologies during the second quarter worth about $3,640,000. Empowered Funds LLC bought a new position in shares of HIVE Digital Technologies during the first quarter worth about $1,934,000. UBS Group AG raised its position in HIVE Digital Technologies by 3,992.2% in the 4th quarter. UBS Group AG now owns 929,390 shares of the company's stock valued at $2,398,000 after buying an additional 906,679 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in HIVE Digital Technologies by 85.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 76,200 shares of the company's stock valued at $145,000 after acquiring an additional 35,200 shares in the last quarter. Institutional investors own 24.42% of the company's stock.

HIVE Digital Technologies News Roundup

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

• Positive Sentiment: HIVE’s BUZZ High Performance Computing subsidiary signed a five-year, approximately $350 million GPU cloud services agreement with an investment-grade enterprise customer. The contract is expected to generate about $70 million in annualized revenue and lift BUZZ HPC’s total annualized revenue to approximately $180 million. HIVE will provide 2,016 Nvidia Blackwell Ultra GPUs. HIVE Digital Technologies inks five-year, $350M GPU cloud agreement
• Positive Sentiment: The company outlined a goal of reaching $200 million in GPU cloud annual recurring revenue, reinforcing its strategy of transitioning from a bitcoin-mining-focused business toward AI and high-performance computing. Sustainable-energy access and advanced cooling capabilities were cited as potential competitive advantages. Hive outlines $200M GPU cloud ARR target
• Positive Sentiment: Analyst support strengthened the bullish reaction. HC Wainwright reaffirmed a Buy rating and a $7 price target, while Chardan Capital reiterated Buy with a $7.50 target—both substantially above the recent trading level. HC Wainwright’s quarterly 2028 forecasts anticipate narrower losses of $0.05 to $0.07 per share.
• Neutral Sentiment: Options activity was unusually high, with investors purchasing 31,500 call options, 46% above typical call volume. This may signal increased speculative interest, but options activity alone does not establish a durable fundamental trend.
• Negative Sentiment: HIVE remains unprofitable: the latest reported quarter included a loss materially wider than analyst expectations, and analysts still forecast a full-year loss of approximately $0.78 per share. The GPU-cloud expansion will also require substantial capital and must be executed successfully to convert the contract into sustained earnings growth.

HIVE Digital Technologies Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source