{"id":16171,"date":"2025-11-18T17:05:08","date_gmt":"2025-11-18T17:05:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/hive-digitals-53-crash-mirrors-bitcoins-retreat-but-analysts-predict-a-bullish-bounce-to-10\/"},"modified":"2025-11-18T17:05:12","modified_gmt":"2025-11-18T17:05:12","slug":"hive-digitals-53-crash-mirrors-bitcoins-retreat-but-analysts-predict-a-bullish-bounce-to-10","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/hive-digitals-53-crash-mirrors-bitcoins-retreat-but-analysts-predict-a-bullish-bounce-to-10\/","title":{"rendered":"Hive Digital\u2019s 53% crash mirrors Bitcoin\u2019s retreat, but analysts predict a bullish bounce to $10"},"content":{"rendered":"
\n

Hive Digital Technologies\u2019 stock price has entered a bear market, down over 53% from its year-high.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • Hive Digital stock price has tumbled by 53% from the year-to-date high.<\/li>\n
  • The decline is because of the ongoing Bitcoin price retreat.<\/li>\n
  • Rosenblatt and H.C. Wainwright analysts believe it can jump to $10.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    The stock, listed on NASDAQ under the ticker symbol HIVE, traded at $3.50, down from its October high of $7.82. It has tumbled to its lowest level since Sept. 26.<\/p>\n

    Why Hive Digital stock has crashed<\/h2>\n

    Hive Digital stock jumped by over 500% from its April low to its October high. This rally was driven by the recent Bitcoin (BTC) bull run that pushed it to a record high in October.<\/p>\n

    The company also surged after announcing plans to pivot into the artificial intelligence and high-performance computing industries. This strategy mirrors that of other Bitcoin mining companies, such as Core Scientific, IREN, and Bitfarms, which have become multi-billion-dollar entities.\u00a0<\/p>\n

    Recently, Hive stock price has crashed due to the ongoing crypto market downturn. <\/strong>Its retreat is also similar to other AI data center companies. CoreWeave, a former Bitcoin miner that has become the sector\u2019s most significant player, has dropped 61% from its year-to-date high.<\/p>\n

    Similarly, IREN stock has dropped by 37% from this month\u2019s high despite reaching a $9.7 billion deal with Microsoft. Bitfarms and Nebius are down 60% and 40%, respectively, from their recent peaks.<\/p>\n

    <\/p>\n

    Top Wall Street analysts are bullish on Hive stock<\/h2>\n

    Some major Wall Street analysts are highly bullish on Hive Digital stock and expect it to jump by 185% to $10. In a note, Rosenblatt noted that the management\u2019s strategy was working, as evidenced by the Q2\u201926 report.\u00a0<\/p>\n

    The company had $87 million in revenue in the quarter, higher than the $80 million Rosenblatt had expected. Its Bitcoin mining revenue rose to $82 million, while its AI business brought in $5.7 million. The analyst wrote:<\/p>\n

    \n

    \u201cWith the stock selling off sharply in the recent market pullback, we see an attractive entry point and reiterate our BUY rating. Our Price Target remains $10 based on 12x our FY27 Adjusted EBITDA estimate.\u201d<\/p>\n<\/blockquote>\n

    Meanwhile, H.C. Wainwright analysts also predicted that the Hive stock price will jump to $10, citing management\u2019s plan to deploy 11,000 GPUs by the end of next year, up from ~5,000 today. <\/p>\n

    These investments will help it make $140 million in annualized AI cloud revenue by the end of next year. The analyst noted:<\/p>\n

    \n

    \u201c<\/strong> We are raising our price target to $10 from $8 previously. Our revised price target reflects a 5x EV\/revenue multiple applied to our revised C2026 revenue estimate of $498.7M (down from $534.8M).\u201d<\/p>\n<\/blockquote>\n

    Hive Digital shares technical analysis<\/h2>\n
    Hive Digital stock chart | Source: crypto.news<\/figcaption><\/figure>\n

    The daily timeframe chart shows that the Hive stock has formed a cup-and-handle-like pattern. The cup\u2019s upper side was at $5.54, while its lower side was at $1.28. It is now forming the handle section and has found support at the 200-day moving average.\u00a0<\/p>\n

    Therefore, remaining above this average will point to a rebound, initially to the cup\u2019s upper side. The cup has a depth of about 77%. Measuring the same distance from the cup\u2019s upper side gives a target of $9.8, which is a few points below the analysts\u2019 estimate of $10.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Hive Digital Technologies\u2019 stock price has entered a bear market, down over 53% from its year-high. Summary Hive Digital stock price has tumbled by 53% from the year-to-date high. The…<\/p>\n","protected":false},"author":1,"featured_media":3301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16171","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=16171"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16171\/revisions"}],"predecessor-version":[{"id":16172,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/16171\/revisions\/16172"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3301"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=16171"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=16171"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=16171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}