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HIVE Digital (HIVE) Pushes Expansion Plans as Analysts Lower Price Targets

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is among the best NASDAQ penny stocks to buy according to analysts. On February 23, Cantor Fitzgerald cut its price target for HIVE Digital Technologies Ltd. (NASDAQ:HIVE) from $7.50 to $5.00 but kept an Overweight rating.

The firm said Bitcoin mining is making less money now and expects lower Bitcoin prices. Hive reported strong growth, with quarterly revenue of $93.1 million, up 219% from last year. It mined 885 Bitcoin in the quarter and increased its mining power to 25 exahashes per second. Even so, the company is still not profitable and posted a loss over the past year. Hive plans to grow its mining power to 35 exahashes per second by the end of 2026 and is also expanding into AI and high-performance computing, aiming to reach $225 million in annual AI revenue by 2027.

Earlier, on February 18, Rosenblatt lowered its price target on Hive from $6.50 to $4.50 but kept a Buy rating. The firm said Hive’s expansion in Paraguay has improved its mining costs, helping it handle lower Bitcoin prices. With Bitcoin trading below $70,000, Rosenblatt noted that Hive Digital’s lower hash costs and larger scale should help it weather the tougher market while keeping flexibility to grow its high‑performance computing business.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) builds and operates green‑energy data centers in Bermuda and Paraguay. The company mines and sells digital currencies, offers performance computing hosting, and provides blockchain infrastructure solutions by supplying computational power to distributed networks.

While we acknowledge the potential of HIVE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HIVE and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 11 Best Italian Stocks to Buy in 2026.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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