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

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.

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With shares up 8.7389% to $4.9150 on 44.2 million shares heading into tonight’s Q4 earnings, here’s what analysts would like to know:

Top 5 Analyst Questions

• Timeline and customer pipeline for the 320 MW BUZZ HPC Toronto rollout?
• Can HPC revenue scale beyond $10 million annualized in FY27?
• Path to the 25 exahash target and fleet efficiency (J/TH)?
• Post-halving gross margin trajectory and capex funding mix?
• Bitcoin treasury policy: HODL or monetize into strength?

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.

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 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 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.