Why HIVE Stock Zoomed 20% Monday

HIVE stock surged over 20% recently. Discover the factors driving HIVE and its impressive production growth in Bitcoin.

Puja Tayal

Author Bio

Puja Tayal grew up in a small-business family where dinner conversations often centred on working capital and savings. Her early experiences with investing, particularly during the 2008 financial crisis, shaped her approach to understanding markets and evaluating investment opportunities. She began her career at a mutual fund company before moving into investor education and financial writing for asset and wealth management firms. Before joining The Motley Fool, Puja wrote for Market Realist, where she extensively covered the semiconductor industry. Her published work has also appeared in The Indian Express. Puja believes every stock has a story that can help investors understand its potential returns. She combines business analysis with different investing approaches to help investors make informed decisions and align their portfolios with their long-term financial goals. Outside of finance, Puja enjoys long drives, catching up with friends, watching superhero and science-fiction movies, and managing her family portfolio. She also has a keen interest in artificial intelligence and its potential to reshape the world.

Education

Bachelor's degree in Accounting and Finance, University of Mumbai (2007)
CFA Level I

Areas of Expertise

Qualitative company analysis, management strategy, risk assessment, long-term investing, portfolio diversification and rebalancing, dividend reinvestment, cyclical growth opportunities, compounding strategies, growth stocks, and dividend stocks.

Social Media Profiles

Favorite Investment Quote

"Risk comes from not knowing what you're doing." — Warren Buffett

Published October 6, 2025 3:33 pm EDT

HIVE Digital Technologies (TSXV:HIVE) zoomed more than 20% on Monday, October 6, to $7.68, near its 52-week high of $7.75 last reported in November 2024. The stock has surged 209% since July 1, and is now oversold at a Relative Strength Index of 79.

Two factors have been driving the stock’s growth.

3 colorful arrows racing straight up on a black background. — Source: Getty Images

HIVE increases production capacity

On October 5, HIVE released September production figures: It produced 267 Bitcoin, up 138% from a year ago. Driving the production was its capital spending to increase the average hashrate to 19.4 exahash per second (EH/s), with a peak of 21.7 EH/s. The company is on track to expand its capacity from six EH/s in February to 25 EH/s by November as the 100-megawatt phase-three Valenzuela facility in Paraguay starts full-scale operations. The increased capacity will help Hive produce more Bitcoins despite an increase in difficulty.

BUZZ high-performance computing

Hive has been diversifying its revenue streams by making its graphics processing units (GPU)-powered data centres available for high-performance computing. Its BUZZ HPC revenue has shown remarkable growth, with revenue surging 85% year over year in the June 2025 quarter and 100% in the March 2025 quarter.

Hive has partnered with Canadian artificial intelligence companies like BCE, Dell Canada, and VAST Data to secure enterprise clients.

Now is a good time to sell the stock while it hovers near its peak.