--- title: "Weekly Recap | HIVE Digital Tech +12.64%, AI cloud deal fuels rally" type: "News" locale: "en" url: "https://longbridge.com/en/news/296668134.md" description: "HIVE Digital Tech rallied 12.64% this week, closing at $3.03, easily outpacing the S&P 500 which fell 1.43% — a relative outperformance of roughly 14.07 percentage points. The week’s 22.26% amplitude came with a sharp V-shaped pattern. After opening Monday (17 Aug) at $3.01 and tapping a session high of $3.16, the stock slid to a weekly low of $2.64 on Wednesday before staging a two-day recovery. Thursday’s close reclaimed the $3 handle, and Friday’s session peaked at $3." datetime: "2026-08-22T04:58:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296668134.md) - [en](https://longbridge.com/en/news/296668134.md) - [zh-HK](https://longbridge.com/zh-HK/news/296668134.md) generator: "portal-rs" --- # Weekly Recap | HIVE Digital Tech +12.64%, AI cloud deal fuels rally ## The Week HIVE Digital Tech rallied 12.64% this week, closing at $3.03, easily outpacing the S&P 500 which fell 1.43% — a relative outperformance of roughly 14.07 percentage points. The week’s 22.26% amplitude came with a sharp V-shaped pattern. After opening Monday (17 Aug) at $3.01 and tapping a session high of $3.16, the stock slid to a weekly low of $2.64 on Wednesday before staging a two-day recovery. Thursday’s close reclaimed the $3 handle, and Friday’s session peaked at $3.31 before settling at $3.03. Average daily volume sat around 43.8m shares, roughly 116% above the 60-day median, signalling heavy turnover throughout the week. ## Key Events This week’s narrative centred on a major contract win and a mixed earnings print. Pre-market Monday, HIVE’s BUZZ HPC unit announced a five-year, $350m GPU cloud services agreement with an investment-grade enterprise customer. The stock jumped over 8% in pre-market trade and closed the day up more than 5%. The same day, HIVE reported its Q1 FY2027 results: revenue rose 73.5% year-on-year to $79.1m, with GPU Cloud annualised recurring revenue (ARR) hitting $110m. However, a VAT provision dragged the bottom line to a net loss of $142.9m, while adjusted EBITDA came in at $13.4m. Subsequent commentary focused on how the deal reshapes HIVE’s strategic profile, marking a deeper pivot from bitcoin mining into AI and high-performance computing (HPC) infrastructure. On Thursday, a filing revealed that director Dave Perrill sold 100,000 common shares during the week for roughly $271,910. ## Analyst Ratings Eight brokers cover HIVE as of this week: seven rate it a buy and one rates it hold, with no underperform or sell ratings. The consensus recommendation is strong buy, and the consensus target price is $7.125, implying an upside of about 135% from the current close of $3.03. Individual targets range from $4.50 to $10.00, a wide spread that reflects differing views on how to value the AI-infrastructure pivot. Within the 198-company application software industry, HIVE’s analyst rating ranking stands at 88th. ## The Week Ahead Next week’s attention turns to the macro calendar. Tuesday (25 Aug) brings a heavy slate of US housing data — FHFA house prices, the Case-Shiller index, and new home sales — alongside the Conference Board’s consumer confidence reading, which is forecast at 90.1, slightly below the prior 90.8. For HIVE, the market will be watching for any follow-on AI cloud client signings and initial clues on how quickly the $350m deal feeds into reported ARR. ## In Short HIVE carved out a strong independent move this week against a broad market pullback, driven chiefly by a $350m AI cloud services deal that reinforces its transformation into AI infrastructure. The earnings report, however, presented a mixed picture: robust top-line and ARR growth offset by a large net loss from a tax provision. The director’s share sale adds a layer of tension. On the analyst front, the consensus target sits well above spot, but the wide target range suggests the market has yet to settle on a valuation framework for the AI pivot. The key to watch going forward is whether contract execution can sustain momentum and how macro risk appetite for growth tech evolves. *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 - [A $350 Million Reason to Buy HIVE Digital Technologies Stock](https://longbridge.com/en/news/296392218.md) - [What is HC Wainwright's Estimate for HIVE Q1 Earnings?](https://longbridge.com/en/news/296222892.md) - [HIVE director Dave Perrill sells 100,000 common shares worth USD 271,910](https://longbridge.com/en/news/296409824.md) - [HIVE's BUZZ HPC Signs $350 Million AI Cloud Services Agreement with Investment-Grade Enterprise Customer | HIVE Stock News](https://longbridge.com/en/news/296059511.md) - [HIVE Digital Technologies (TSX:HIVE) Reports Higher Revenue And A Tax Hit, Is The Stock Expensive?](https://longbridge.com/en/news/296139804.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**