We just covered Leopold Aschenbrenner’s Situational Awareness Reveals Its 10 Under-The-Radar AI Stock Picks. Hive Digital Technologies (NASDAQ:HIVE) ranks #10 (see Situational Awareness Top 5 Under-The-Radar AI Stock Picks).
Situational Awareness Stake Value: $6,443,939 (NEW)
Hive Digital Technologies (NASDAQ:HIVE) was founded in 2017 as a renewable energy Bitcoin miner. Bulls are more interested in the company’s AI cloud subsidiary called BUZZ High-Performance Computing, which rents out GPU clusters for AI workloads. BUZZ is an Nvidia Cloud Partner, which gives it access to enterprise sales channels. Current annualized revenue from BUZZ is approximately $20 million, but the trajectory is what bulls are focused on.
In February 2026, BUZZ signed a two-year $30 million contract for 504 B200 GPUs deployed at BUZZ’s Canada West facility, which will increase BUZZ’s ARR by roughly 75%. The contract covers multiple customer agreements rather than a single tenant, suggesting BUZZ is building a diversified client base. BUZZ also partnered with AMC Robotics Corporation in March 2026, an AI-driven robotics company using BUZZ’s facility for development and deployment of new systems, demonstrating that BUZZ can serve customers across verticals including robotics, security, and logistics.
Management has guided $225 million in total HPC annual recurring revenue by the end of 2026.
BUZZ has a strategic partnership with Bell Canada, the country’s largest telecom carrier, as part of Bell’s AI Fabric initiative. This has allowed Hive Digital Technologies (NASDAQ:HIVE) to upgrade its Grand Falls and New Brunswick locations with dedicated 100 Gbps and 400 Gbps optical fiber connections, making it one of the most connected AI compute facilities in Eastern Canada.
The most recent quarterly results showed revenue growth of about 230%. Gross operating margin expanded 14 percentage points year-over-year from 22% to 36%, which analysts described as notable given Bitcoin price volatility during the period.
While we acknowledge the risk and potential of HIVE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HIVE and that has 10,000% upside potential, check out our report about the cheapest AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.
