Analysts anticipate HIVE Digital Applied sciences will report Q1 income of $58 million (+22% YoY) when earnings launch June 23. Key metrics embrace Bitcoin manufacturing prices per coin (est. $24,500), hash price development, and progress in transitioning to renewable vitality sources. The inventory has underperformed Bitcoin YTD, down 12% vs BTC’s 45% achieve.
Traders will scrutinize HIVE’s means to take care of margins amid rising vitality prices and Bitcoin’s value volatility. The corporate’s enlargement into AI cloud computing utilizing GPU infrastructure may present diversification advantages. Administration’s commentary on Texas mining operations and immersion cooling adoption shall be intently watched.
Choices markets suggest 18% earnings-day volatility, with name skew suggesting bullish expectations. A beat may reignite curiosity in public mining shares, whereas misses may speed up sector consolidation. HIVE’s outcomes might sign broader developments forward of Bitfarms and Marathon Digital’s July experiences.
This text is for informational functions solely and doesn’t represent monetary recommendation. Please conduct your individual analysis earlier than making any funding selections.
Be happy to “borrow” this text — simply don’t overlook to hyperlink again to the unique.
Editor-in-Chief / Coin Push Dean is a crypto fanatic primarily based in Amsterdam, the place he follows each twist and switch on this planet of cryptocurrencies and Web3.