HIVE Digital Technologies Reports 158% Revenue Growth in Fiscal 2026
- Strong Financial Performance: HIVE Digital Technologies achieved total revenue of $297.8 million for fiscal 2026, representing a remarkable 158% year-over-year increase, indicating robust growth potential in cryptocurrency mining and high-performance computing that is likely to attract further investor interest.
- Surge in Mining Revenue: Cryptocurrency mining revenue soared by 164% to $278.3 million, driven by a fourfold expansion in hashrate capacity and the mining of 2,885 Bitcoin throughout the year, despite a 42% increase in network difficulty, showcasing the company's competitive strength in a challenging market.
- Strategic Shift Toward AI: The company is redirecting all growth capital expenditures toward AI and high-performance computing infrastructure, with an ambitious target of achieving CAD $200 million in annual recurring revenue from its BUZZ-branded GPU cloud platform, further solidifying its market position.
- Future Expansion Plans: HIVE plans to launch an AI gigafactory in the Greater Toronto Area by 2028, projected to generate CAD $360 million in annual revenue, and has successfully completed a CAD $115 million offering of exchangeable senior notes, reflecting strong market demand and future growth potential.
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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 4 technical signals, shows that 3 indicators are flashing buy, while 1 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 | 0.0143 | 0.0188 | 0.0229 | 0.0274 | 0.0315 | 0.036 | 0.0401 |
| Fibonacci | 0.0188 | 0.0221 | 0.0241 | 0.0274 | 0.0307 | 0.0327 | 0.036 |
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