Wall Street prices HIVE like a Bitcoin miner, but analysts are missing the AI business
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HIVE Digital Technologies has spent 2026 signing contracts that usually rerate a stock, but their shares are roughly the same price that they were 12 months ago. Executive Chairman Frank Holmes says Wall Street isn’t giving the company enough credit, and he thinks he knows why. “ I would say they didn’t vote for Trump, but (investors) have a MAGA mindset that if it’s not in America, it doesn’t have any value ,” Holmes said of the analysts covering HIVE, in an interview with TheStreet Roundtable. His argument is that HIVE’s AI growth is concentrated in Canada. That location, according to him, costs it when investors compare its revenue and EBITDA multiples with those of US peers.
First reported by TheStreet. This page is a short excerpt; the full text is theirs.
