HIVE Digital Crypto Play

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HIVE Digital Crypto PlayHIVE Digital Technologies LtdBATS:HIVEafurs1HIVE Digital builds and operates renewable-energy-powered data centres, primarily for Bitcoin mining and increasingly for AI/high-performance computing (HPC). It operates sites in Canada, Sweden and Paraguay, emphasizing green energy (hydro-power) for its operations. The business model is dual-engine: generate cash via crypto mining, then reinvest into GPU/AI infrastructure. The company is transitioning from pure crypto mining toward a broader infrastructure play combining mining + AI/HPC, with solid revenue growth and margin improvement, yet still subject to volatility from Bitcoin price, mining difficulty and non-cash accounting impacts on its holdings. If the price of Bitcoin has found a major low recently just below $99,000 , HIVE may be a winner as the previous cycle highs topped $30. Not only so, the company has been trading in what seems like a major accumulation range since the bear market in 2022, and potentially beginning the next mark up phase. The current orange line, is the volume profile of the entire accumulation range, meaning that 70% - 80% of the stock was traded below the price point of $4.72. Seeing as the stock may be showing a strong break and re-test of this price range, we may start entering a fierce impulsive phase which is common for cyclical stocks within this industry. I would ideally love to see this stock return to 2021 highs. See my comments below where I will dissect the accumulation Wycoff pattern, and look for the potential move higher with a clear defined stop-loss.