Analysts anticipate HIVE Digital Technologies will report Q1 revenue of $58 million (+22% YoY) when earnings release June 23. Key metrics include Bitcoin production costs per coin (est. $24,500), hash rate growth, and progress in transitioning to renewable energy sources. The stock has underperformed Bitcoin YTD, down 12% vs BTC’s 45% gain.
Investors will scrutinize HIVE’s ability to maintain margins amid rising energy costs and Bitcoin’s price volatility. The company’s expansion into AI cloud computing using GPU infrastructure could provide diversification benefits. Management’s commentary on Texas mining operations and immersion cooling adoption will be closely watched.
Options markets imply 18% earnings-day volatility, with call skew suggesting bullish expectations. A beat could reignite interest in public mining stocks, while misses might accelerate sector consolidation. HIVE’s results may signal broader trends ahead of Bitfarms and Marathon Digital’s July reports.
