Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTNeha GuptaSun, June 7, 2026 at 8:00 PM GMT+2 2 min readHIVE Digital Technologies Ltd. (NASDAQ:HIVE) is one of the top penny stocks to buy in investors’ stock portfolio. On June 1, co-founder and executive chairman Frank Holmes reiterated that 2026 is turning out to be a defining year for HIVE Digital Technologies Ltd (NASDAQ:HIVE).HIVE-insidermonkey-1700971883257.jpgThe sentiment comes as the company becomes the first publicly traded Bitcoin miner to diversify its footprint by investing in GPU cloud computing and AI infrastructure. In addition, the company has expanded its platform, resulting in a significant increase in Bitcoin mining hashrate from 6.5 EH/s to 25.1 EH/s and a growing contracted HPC ARR to $35 million.The significant hashrate increase resulted in solid full-year fiscal 2026 results, with revenue up 158% to $297.8 million and gross operating margin increasing 329% to $107.9 million. Adjusted EBITDA reached $72.9 million for the full fiscal year 2026. Digital currency revenue was up 164% in the year to $278.3 million as HIVE Digital Technologies mined 2,885 Bitcoin, up 104%. High-performance computing (HPC) revenue was up 94% year over year to $19.5 million.“Looking ahead, HIVE sits at the intersection of two powerful technology trends: Bitcoin and AI. Our mandate remains unchanged: disciplined, high-ROIC growth powered by 100% green energy. We believe the investments we have made over the past several years position HIVE for one of the most significant growth periods in our history,” Holmes said.HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is a digital infrastructure company that builds and operates green-energy-powered data centers for cryptocurrency mining and high-performance computing (HPC) to support Artificial Intelligence (AI) workloads.While we acknowledge the potential of HIVE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: Top 10 Small Cap Stocks With Huge Growth Potential and Renaissance Technologies Returns, AUM, CEO and Top 10 Semiconductor Stock Picks.Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info