HIVE Digital’s Stock Jumps 14% On News Of Nvidia Deal
HIVE Digital shares jumped 14% after the company announced a deal involving Nvidia. The move puts the spotlight on whether the Nvidia relationship can improve HIVE’s sharply negative profitability profile, rather than treating the headline gain as proof of a fundamental turnaround.
HIVE's stock jumped 14% on August 17 following news of an Nvidia deal. The agreement's size, commercial terms, duration, and expected financial contribution remain unclear, leaving the market reaction ahead of disclosed evidence on economics.
HIVE generated $297.8M of revenue in the fiscal year ended March 31, 2026, up 158.3% YoY, while reporting a -21.0% gross margin, a -49.8% net margin, and $-0.66 diluted EPS. Nvidia's much larger business reported $215.9B of revenue, up 65.5% YoY, with a 71.1% gross margin, a 55.6% net margin, and $4.90 diluted EPS for the fiscal year ended January 25, 2026.
The key question is the Nvidia deal's scope and how quickly it can affect HIVE's revenue, costs, and cash generation. Investors will need to monitor whether the arrangement changes HIVE's operating trajectory or serves primarily as a validation headline.
The Nvidia deal is a near-term positive catalyst for HIVE, but the 14% jump runs ahead of disclosed economics while HIVE’s -49.8% net margin keeps the fundamental risk elevated.
The setup is positive for HIVE only if the Nvidia relationship translates into measurable revenue or better utilization. HIVE's $297.8M revenue growth of 158.3% YoY sits alongside a -21.0% gross margin and -49.8% net margin. The 14% reaction therefore creates a catalyst-driven trade with limited fundamental confirmation until the company discloses the arrangement's economics.
The trade fails if the Nvidia deal has immaterial economics or if HIVE’s negative margins and $-0.66 diluted EPS continue to overwhelm the headline catalyst.
CoverageSource: Yahoo Finance · Published here MON, AUG 17 · 12:04 PM ET · 2 reports · 1 publisher in this record · latest listed: Yahoo Finance · MON, AUG 17 · 12:04 PM ETHow this is decided →
File photo · NVIDIA’s headquarters, Santa Clara · Aug 2018 · Coolcaesar · CC BY-SA 4.0 · Source & licenseEarlier context and later coverage are dated relative to this report. Automatically linked reports may cover a broader event.
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HIVE’s 158.3% YoY revenue growth and the Nvidia relationship could provide commercial validation and a path toward better scale or utilization.
The bear case is stronger than the headline alone suggests: the deal’s terms are undisclosed, while HIVE still reports a -21.0% gross margin, a -49.8% net margin, and $-0.66 diluted EPS.
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