--- title: "Weekly Recap | HIVE Digital Tech -2.57%, most brokers rate it buy" type: "News" locale: "en" url: "https://longbridge.com/en/news/298791696.md" description: "HIVE Digital Tech closed at $3.03, down 2.57% for the week, while the S&P 500 slipped 0.8%. The stock underperformed the benchmark by roughly 1.77 percentage points. The four-session week opened with strength: Tuesday traded as high as $3.25 before closing at $3.15, and Wednesday edged down to $3.10. Thursday broke below $3.00, hitting a low of $2.94 and closing at $2.99. Friday pushed back to $3.149 intraday but settled at $3.03. Weekly amplitude was about 9.95%." datetime: "2026-09-12T06:01:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298791696.md) - [en](https://longbridge.com/en/news/298791696.md) - [zh-HK](https://longbridge.com/zh-HK/news/298791696.md) generator: "portal-rs" --- # Weekly Recap | HIVE Digital Tech -2.57%, most brokers rate it buy ## The Week HIVE Digital Tech closed at $3.03, down 2.57% for the week, while the S&P 500 slipped 0.8%. The stock underperformed the benchmark by roughly 1.77 percentage points. The four-session week opened with strength: Tuesday traded as high as $3.25 before closing at $3.15, and Wednesday edged down to $3.10. Thursday broke below $3.00, hitting a low of $2.94 and closing at $2.99. Friday pushed back to $3.149 intraday but settled at $3.03. Weekly amplitude was about 9.95%. ## Key Events The narrative this week centred on HIVE’s shift towards AI compute and its revenue mix. On September 9, market reports said HIVE secured a $350 million deal, framed within the wider crypto-to-AI pivot story. On September 10, the company guided that combined Bitcoin and GPU cloud services revenue should average above $1 million a day; its BUZZ HPC unit also named AI and HPC veteran Mark Volk as senior vice president for revenue. By September 11, details showed Bitcoin mining drove more than 90% of daily revenue, while GPU cloud services added about $100,000. The message was a dual-track story: mining remains the base, while AI cloud revenue is starting to scale. ## Analyst Ratings Eight institutions cover HIVE: seven rate it buy and one rates it hold, with no sell or underperform ratings. The consensus recommendation is strong buy. The consensus target price is $7.125, about 135.15% above the latest price of $3.03. Targets range from $4.50 to $10.00, pointing to a wide dispersion of views. Within application software, HIVE’s rating rank is 86th among 199 companies. ## The Week Ahead Next week brings a run of US macro data that can move sentiment for crypto and small-cap tech names. On September 15, the New York Fed manufacturing index lands with a prior reading of 20.6 and a forecast of 14.75. September 16 is especially busy: retail sales, retail sales ex-autos, retail control, import prices, the NAHB housing market index, and EIA crude inventories. Retail sales are forecast at 0.9% after a prior -0.6% reading; ex-autos is expected at 0.6% after -0.3%. Surprises in these prints may feed risk appetite, with knock-on effects for crypto-linked stocks. ## In Short HIVE’s news flow this week leaned toward business expansion and an AI pivot, and the sell-side view is strongly positive, with a consensus target far above spot. Yet the stock still lost 2.57%, lagging the market. Bitcoin mining still contributes over 90% of daily revenue, so GPU cloud growth remains modest relative to the legacy operation. The tension is between an AI-driven growth story and a still-narrow revenue base; the next test is whether GPU cloud revenue keeps scaling and how next week’s macro data shifts risk appetite. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [HIVE.US](https://longbridge.com/en/quote/HIVE.US.md) ## Related News & Research - [Insider Selling: HIVE Digital Technologies (NASDAQ:HIVE) Director Sells $34,375.00 in Stock](https://longbridge.com/en/news/301324016.md) - [HIVE director Dave Perrill sells 12,500 common shares for USD 34,375](https://longbridge.com/en/news/301321198.md) - [Tesla-SpaceX Merger Stands at 80%-90% Chance, Dan Ives' $500 Price Tag Explains Why](https://longbridge.com/en/news/303112286.md) - [Verizon CEO Says SpaceX May Be Years Away From Becoming America's 'Sixth' Wireless Competitor](https://longbridge.com/en/news/303109070.md) - [I'd Buy Half a Position in Amazon Stock Before Its Oct. 29 Report -- and Half After](https://longbridge.com/en/news/303054275.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**