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Live: Will HIVE Smash Q4 Earnings Tonight After 100% May Rally?

By Thomas Richmond Updated Jun 1, 5:35PM EDT · Published Jun 1, 2:39PM EDT

Quick Read

HIVE surged 104% in the past month heading into Q4 earnings, outperforming Bitcoin which slid 16% year to date.
BUZZ HPC's 320 MW sovereign AI infrastructure buildout in Toronto is rerating HIVE from a pure Bitcoin miner to an AI compute company.
Seven analysts rate HIVE a buy with a $5.80 target, but tonight's report must show operating leverage after a brutal -54.2% operating margin.
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Live Updates

Hive Q4 Pre-Earnings Coverage Wrap-Up

Jun 1, 2026 at 5:34 PM EDT

Unfortunately, it looks like HIVE Digital Technologies will be reporting Q4 earnings tonight later than expected.

Therefore, we’re wrapping up our pre-earnings coverage. Q4 earnings are expected today, Monday, June 1, and the company’s earnings call will be on Tuesday, June 2, at 8:00 AM EST.

Thank you for stopping by!

Key Topics & Buzzwords

Listen for: “sovereign AI,” “Tier 3 colocation,” “GPU-as-a-Service,” “ROIC,” and “anchor tenant.”

Red Flags

Dilutive ATM issuance disclosures, slipping BUZZ energization dates, rising power costs per BTC, or vague HPC customer language could puncture the 103.6% May rally.

HIVE's Earnings Results Coming Tonight, with Earnings Call Tomorrow

Jun 1, 2026 at 5:09 PM EDT

We’re still waiting for HIVE Digital Technologies to publish its fiscal Q4 and full-year 2026 results. The company previously announced that earnings would be released on June 1, followed by an earnings call and webcast on June 2 at 8:00 a.m. ET.

At this point, it does not appear as though financial results have been posted. I’ll wait about 30 more minutes for results, and update this page if the report is released.

Investors are waiting for details on HIVE’s Bitcoin mining profitability, AI compute revenue, and progress on the company’s BUZZ HPC initiative.

Key Factors That Could Move HIVE Stock After Tonight's Q4 Earnings

Jun 1, 2026 at 3:41 PM EDT

With HIVE Digital Technologies (NASDAQ:HIVE) trading at $4.99 and up 10.29% intraday, the setup heading into tonight’s release is loaded. Analysts’ consensus EPS and revenue figures for Q4 are EPS of -$0.77, revenue of $257.1 million, and quarterly revenue growth of 218.6% YoY.

What Could Move the Stock

KPIs to watch: BUZZ HPC AI compute revenue contribution, hash rate, and cash cost per coin.
Valuation tension: Forward P/E of 76x against an analyst target of $5.80.
Volatility risk: Beta of 3.44 and a 52-week range of $1.60 to $7.84.
Crypto headwind: Bitcoin slid 6.19% in the past month, pressuring mining margins.

Any AI revenue surprise could push HIVE through resistance; a miss risks unwinding the rally fast.

Bull vs Bear Case for HIVE Stock Ahead of Tonight's Q4 Earnings

Jun 1, 2026 at 3:40 PM EDT

Bull Case

Management touted an industry-leading 37% annualized ROIC and a 25 exahash target, framing a 4x growth runway.
HPC revenue hit $10 million annualized, with the 320 MW BUZZ HPC Toronto buildout validating the AI pivot.
Analysts skew bullish: 7 buys, 1 hold, with Reddit sentiment running 76-82 (very bullish) into the report.

Bear Case

At $4.985 versus a $5.80 target, the easy money may already be made after the 103.6% one-month run.
Last reported revenue of $29.2 million trailed the prior-year $31.3 million, with margins compressed by the halving.
The five-year return sits at -63.99%, and a neutral sentiment dip to 52 on May 31 hints at profit-taking debate.

HIVE Stock Has Doubled in the Past Month Ahead of Tonight's Q4 Earnings

Jun 1, 2026 at 2:38 PM EDT

HIVE has more than doubled in the past month, even as Bitcoin pulled back below $72,000. This puts extra pressure on tonight’s Q4 report.

Investors want proof that AI compute revenue is becoming meaningful, a clear timeline for the BUZZ HPC rollout, and progress toward profitability.

With the stock trading near analyst targets, expectations are running high.

Investors are watching HIVE Digital Technologies (NASDAQ:HIVE) ahead of fiscal Q1 2026 results due today, June 1, expected after 4:00 PM ET after the market close. After a vertical move in the stock, this report has to validate the AI compute pivot story.

A Rally That Outran Bitcoin

Shares have ripped higher into the earnings report. HIVE is up 103.6% over the past month and 149.72% over the past year, closing at $4.52 on May 29 and trading near $4.90 intraday.

That move came against a tough crypto backdrop. Bitcoin is down 15.64% year to date and off 30.17% over the past year, sitting near $71,400. Management’s BUZZ HPC subsidiary announced a 320 MW sovereign AI infrastructure buildout in the Greater Toronto Area, and the market is rerating HIVE as an AI compute name rather than a pure Bitcoin miner.

Key Figures Heading In

Metric	Value
Trailing EPS	-0.77
Revenue (TTM)	$257.1M
Quarterly Revenue Growth YoY	+218.6%
EBITDA (TTM)	$37.97M
Forward P/E	76x
Analyst Target Price	$5.80
Analyst Ratings (Buy/Hold/Sell)	7 / 1 / 0

AI Revenue Is the Whole Ballgame

I’ll be watching three things with HIVE tonight. First, any disclosed revenue contribution from BUZZ HPC. The bull case rests on contracted AI compute revenue that diversifies HIVE away from Bitcoin’s price swings. Without a hard number, it might be hard for this catalyst to drive a rerating.

Second, margins. HIVE carries a -54.2% operating margin and a profit margin of -48.6% on the trailing year. Quarterly revenue growth ran +218.6% YoY, but earnings growth was -99.9%. Investors need to see operating leverage finally show up as scale arrives.

Third, the hashrate and fleet efficiency commentary. With Bitcoin softer, every increase in joule per terahash efficiency matters. Investors will also listen for capex guidance tied to the 320 MW Toronto site, because power contracts and timelines will determine 2027 earnings power.

Retail is leaning in. Reddit sentiment registered a weekly bullish score of 73.67, with the dominant thread titled “Why HIVE will be the big winner in the mining to AI compute race.” It seems like investors have high expectations ahead of earnings.

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About the Author Thomas Richmond →

Thomas Richmond is a financial writer and content strategist with 5+ years of experience covering stocks and financial markets. He has published over 250 articles focused on individual stock analysis, helping investors better understand business fundamentals, stock valuations, and long-term opportunities.

Thomas previously served as a Content Lead at TIKR, a stock research platform, where he helped scale the company’s blog to hundreds of articles per month and contributed to a weekly newsletter reaching more than 100,000 investors.

He specializes in breaking down complex companies into clear, actionable insights for everyday investors, with a focus on fundamentals-driven research.

His work has also been featured on platforms including Seeking Alpha and Sure Dividend.

Outside of work, Thomas enjoys weight lifting and soccer.