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HIVEBullishAnalyst Ratingnews

High materiality7/10

HIVE's AI GPU cloud expansion could fuel upside, says Wainwright

Jun 3, 2026, 12:58 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Key catalysts (GPU cloud ARR up, convertible financing, and Bell colocation) may drive re-rating despite a Q4 miss; historical pattern shows upgrades and new AI contracts can lift multiple expansion for cloud-focused miners.

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Analyst from H.C. Wainwright keeps a Buy on HIVE with a $7 target, focusing on AI compute growth despite a Q4 miss. HIVE posted FY2026 revenue of $297.8M (up 158% YoY) and mined 2,885 BTC, with hash rate at 25.1 EH/s. The note cites a GPU compute inflection, guiding to $200M ARR by end-2026, backed by a $115M convertible financing and Bell colocation.

H.C. Wainwright keeps Buy on HIVE with $7 target. AI infra thesis.
FY2026 revenue $297.8M, up 158% YoY. BTC mined 2,885.
GPU Cloud ARR guidance to $200M by 2026; 11,000 GPUs.
Convertible note $115M at 0%; Bell colocation backs enterprise AI.

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