HIVE Digital Technologies Doubles Revenue in Fiscal 2026
- Significant Revenue Growth: HIVE Digital Technologies reported $297.8 million in revenue for fiscal 2026, a 158% increase year-over-year, driven by the expansion of its Bitcoin mining and AI infrastructure, highlighting the company's strong performance in the rapidly growing digital asset market.
- Bitcoin Mining Performance: The company generated $278.3 million from Bitcoin mining, up 164% from the previous year, with Bitcoin production increasing from 1,414 to 2,885, indicating a substantial enhancement in mining capacity and robust market demand.
- AI Infrastructure Investment: HIVE plans to build a 320-megawatt AI Gigafactory in the Greater Toronto Area with a total investment of CAD $3.5 billion, expected to generate approximately CAD $360 million in annual recurring revenue, further solidifying its market position in the AI sector.
- Future Growth Targets: The company aims to achieve $660 million in annual recurring revenue by the end of 2028, with expectations of sustained revenue growth driven by GPU cloud business expansion and the new factory's operations, showcasing strong market prospects and strategic planning.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.016 | 0.018 | 0.0201 | 0.0221 | 0.0242 | 0.0262 | 0.0283 |
| Fibonacci | 0.018 | 0.0196 | 0.0205 | 0.0221 | 0.0237 | 0.0246 | 0.0262 |
About AI
About the author
