HIVE Digital Tech

HIVE Digital opened pre-market at $3.60 and climbed to $3.61 in early regular session, up ~4.3% from the prior close of $3.46, driven by momentum from the previously announced $115 million 0% exchangeable note pricing and a Swedish data center lease. Quarterly revenue grew 130%-218% YoY, but EPS remained negative at -$0.31 to -$0.38, with net losses widening. The stock has reclaimed its MA60 ($3.33) while trading below MA20 ($3.95), up 32% YTD but still 54% below the 52-week high of $7.84. However, the company recently refreshed an at-the-market equity program with up to $214.7 million remaining, adding potential dilution.