Company Overview:

HIVE Digital Technologies Ltd. (TSXV: HIVE) builds and operates sustainable blockchain and AI infrastructure powered by renewable hydroelectric energy. With a global footprint across Canada, Sweden, and Paraguay offering scalable AI and cloud compute services, HIVE is committed to operational excellence, green energy leadership, and creating long-term value for its shareholders and host communities.

This Report covers the Price Action, Technical Indicators Analysis along with the Support Levels, Resistance Levels, and Recommendations on this stock.  

Fundamental Highlights:

Rapid Growth in Scaled, Low-Cost Bitcoin Mining: HIVE is delivering higher operational momentum, with Bitcoin production up 182% year-over-year and hashrate reaching record levels. Early, full deployment of 300 MW in Paraguay enhances scale, efficiency, and cost competitiveness, supporting superior margins versus peers.

Industry-Leading Efficiency and Renewable Expansion: HIVE’s fleet efficiency of 17.5 J/TH and over 2% global network share underscore best-in-class execution. Ongoing expansion into hydro-powered capacity positions the company for sustainable growth, improved ROIC, and resilience through Bitcoin price cycles.

Key Investment Risks: Lower Bitcoin Production, Currency Fluctuation, Inflation, etc

HIVE’s Technical Observation:

HIVE shows early signs of a technical rebound, holding above key support near CAD 3.4 while reclaiming its short-term moving average. RSI is recovering from oversold levels, indicating improving momentum. Recent higher lows and a bullish daily close suggest potential upside continuation if volume follows.

HIVE’s Daily Price Chart

As per the above-mentioned price action and technical indicators analysis, a ‘Speculative Buy’ rating has been given HIVE Digital Technologies Ltd. (TSXV: HIVE) at the closing market price of CAD 4.10, as of 5^th January 2026. Individuals can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario. 

Markets are trading in a highly volatile zone currently due to certain Macro & Micro-economic data and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on January 5, 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement. 

Note 5: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and the uptrend may take a pause due to profit booking or selling interest.

Stop-loss: In general, it is a level to protect further losses in case of any unfavourable movement in the stock prices.