HIVE Says It Should Be A $20 Stock — And This Billionaire Just Bought In

Core Viewpoint - HIVE Digital Technologies Ltd argues that its stock is significantly undervalued compared to other data-center operators, suggesting a potential upside to $20 per share from its current price of approximately $3.52, indicating a theoretical increase of over 460% [1][6]. Company Transition - HIVE is transitioning from being primarily a Bitcoin miner to positioning itself as a sovereign-grade AI compute provider, with efforts to convert facilities in Canada and Sweden into Tier-3 GPU data centers and leveraging Paraguay's hydro grid for scaling [2][3]. Market Sentiment - The executive chairman, Frank Holmes, believes the current market sentiment is a short-term pullback driven by analysts who do not fully understand the underlying market dynamics, emphasizing HIVE's infrastructure capabilities and plans for significant expansion in AI cloud services [3][6]. Investment Activity - Notable investment activity includes billionaire Steven Cohen initiating a long position in HIVE through Point72 Asset Management, indicating confidence in the company's future despite its small-cap size and volatility [4]. Additionally, hedge fund managers Israel Englander and Ken Griffin are also involved, with Griffin maintaining a sizable position after taking some profits [5]. Valuation Challenge - Holmes' assertion of a $20 valuation serves as a challenge to the market to reassess HIVE's worth, either as a Bitcoin miner or as an AI data-center builder, suggesting that if the company successfully repositions itself, it could lead to a significant revaluation [6].