HIVE HIVE Digital Technologies Ltd.

NEUTRAL Impact: 4/10 Insider Cluster (2 insiders)
Horizon weeks Filed Jun 5, 2026 Processed 1d 1h ago
Insider cluster: 2 insiders, $379K total

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Executive Summary

HIVE Digital Technologies insiders sold $379K in open-market sales within days of the company's FY2026 earnings report. The COO and a Director sold shares after a year of 158% revenue growth but widening GAAP losses and negative Q4 Adjusted EBITDA. The sales are modest relative to HIVE's $1.2B market cap (0.03%) and follow derivative exercises at $0 cost, suggesting liquidity-driven selling rather than a bearish signal.

Key Financial Metrics

Direction
selling
Total Value
$379.0K
Insiders
2

Actionable Insight

The insider sales are small and likely liquidity-driven following derivative exercises. The cluster does not add incremental bearish signal beyond the mixed earnings report. Monitor for any larger open-market sales by C-suite executives in the coming weeks, which would carry more weight.

Key Facts

  • COO Rossy Luke sold 66,700 shares at $4.57 for $305K after exercising 200,000 derivative shares at $0
  • Director Susan B. McGee sold 16,700 shares at $4.45 for $74K
  • Total open-market sales: $379K, representing 0.03% of HIVE's $1.2B market cap
  • Sales occurred 1-2 days after HIVE reported FY2026 revenue of $297.8M (+158% YoY) but GAAP net loss of $148.4M and negative Q4 Adjusted EBITDA of ($9.0M)
  • Derivative exercises at $0 cost indicate the COO's sales were likely to cover tax obligations or diversify, not a conviction sell

Financial Impact

Insider sales of $379K are trivial relative to HIVE's $1.2B market cap (0.03%)

dilutioninsider ownership

Risk Factors

  • Hashprice compression continues to pressure Q4 Adjusted EBITDA, which turned negative at ($9.0M)
  • GAAP net loss of $148.4M driven by $170.4M in non-cash depreciation may mask underlying cash flow trends
  • Post-year-end $115M exchangeable note adds potential dilution if converted

Market Snapshot

Exchange
Nasdaq
Sector
Finance Services
Analyst Consensus
90% bullish (10 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-HIVE-1780692969355
12 reports for HIVE
Performance horizon
83% Hit rate 5 of 6 directional calls best @ T+60▲ +86.36%Feb 28, 2026
Filters
Rows
Reports for HIVE — sortable, filterable
Type Now
Jun 5, 2026
1d ago
Insider Cluster
NEUTRAL ★ 4/10
$3.73 awaiting T+1awaiting T+1$3.77 (+1.07%)
Jun 2, 2026
4d ago
8-K
MIXED ★ 6/10
$4.54 $4.38▼ −3.52%▼ −2.83%$3.77 (−16.96%)
May 16, 2026
21d ago
ANALYST-DOWNGRADE
BEARISH ★ 5/10
$3.04 $2.95▲ +2.96%▲ +2.93%$3.77 (−24.01%)
May 12, 2026
25d ago
8-K
NEUTRAL ★ 4/10
$2.82 $2.76▼ −2.13%▼ −2.70%$3.77 (+33.69%)
May 7, 2026
4w ago
8-K
MIXED ★ 4/10
$2.82 $3.01▲ +6.74%▲ +6.51%$3.77 (+33.69%)
Apr 22, 2026
6w ago
8-K
NEUTRAL ★ 5/10
$2.60 $2.54▼ −2.31%▼ −1.91%$3.77 (+45.00%)
Apr 16, 2026
7w ago
ANALYST-UPGRADE
BULLISH ★ 8/10
$2.19 $2.51▲ +14.61%▲ +13.40%$3.77 (+72.15%)
Apr 16, 2026
7w ago
ANALYST-UPGRADE
BULLISH ★ 7/10
$2.19 $2.51▲ +14.61%▲ +13.40%$3.77 (+72.15%)
Apr 16, 2026
7w ago
ANALYST-UPGRADE
BULLISH ★ 7/10
$2.19 $2.51▲ +14.61%▲ +13.40%$3.77 (+72.15%)
Apr 16, 2026
7w ago
ANALYST-DOWNGRADE
BEARISH ★ 7/10
$2.19 $2.51▼ −14.61%▼ −13.40%$3.77 (−72.15%)
Showing 10 of 12

US Market Status

Market Closed — Opens Mon (14h 56m)

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