The insider sales are small and likely liquidity-driven following derivative exercises. The cluster does not add incremental bearish signal beyond the mixed earnings report. Monitor for any larger open-market sales by C-suite executives in the coming weeks, which would carry more weight.
Price Chart
Executive Summary
HIVE Digital Technologies insiders sold $379K in open-market sales within days of the company's FY2026 earnings report. The COO and a Director sold shares after a year of 158% revenue growth but widening GAAP losses and negative Q4 Adjusted EBITDA. The sales are modest relative to HIVE's $1.2B market cap (0.03%) and follow derivative exercises at $0 cost, suggesting liquidity-driven selling rather than a bearish signal.
Key Financial Metrics
Key Facts
- COO Rossy Luke sold 66,700 shares at $4.57 for $305K after exercising 200,000 derivative shares at $0
- Director Susan B. McGee sold 16,700 shares at $4.45 for $74K
- Total open-market sales: $379K, representing 0.03% of HIVE's $1.2B market cap
- Sales occurred 1-2 days after HIVE reported FY2026 revenue of $297.8M (+158% YoY) but GAAP net loss of $148.4M and negative Q4 Adjusted EBITDA of ($9.0M)
- Derivative exercises at $0 cost indicate the COO's sales were likely to cover tax obligations or diversify, not a conviction sell
Financial Impact
Insider sales of $379K are trivial relative to HIVE's $1.2B market cap (0.03%)
Risk Factors
- Hashprice compression continues to pressure Q4 Adjusted EBITDA, which turned negative at ($9.0M)
- GAAP net loss of $148.4M driven by $170.4M in non-cash depreciation may mask underlying cash flow trends
- Post-year-end $115M exchangeable note adds potential dilution if converted
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HIVE-1780692969355 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | 8-K | $2.90 $3.37 | ▲ +16.21% | ▲ +13.64% | $2.96 (+2.24%) |
Aug 17, 2026 6w ago | 8-K | $3.07 $2.86 | ▼ −6.84% | ▼ −5.65% | $2.96 (−3.42%) |
Jul 27, 2026 9w ago | ANALYST-UPGRADE | $2.95 $2.83 | ▼ −4.07% | ▼ −5.14% | $2.96 (+0.51%) |
Jun 22, 2026 14w ago | 8-K | $4.63 $3.76 | ▼ −18.79% | ▼ −19.80% | $2.96 (−35.96%) |
Jun 5, 2026 16w ago | Insider Cluster | $3.96 $3.96 | · 0.00% | ▼ −2.11% | $2.96 (−25.13%) |
Jun 2, 2026 17w ago | 8-K | $4.54 $3.74 | ▼ −17.62% | ▼ −14.66% | $2.96 (−34.69%) |
May 12, 2026 20w ago | 8-K | $2.82 $3.46 | ▲ +22.70% | ▲ +22.62% | $2.96 (+5.14%) |
May 7, 2026 21w ago | 8-K | $2.82 $2.97 | ▲ +5.32% | ▲ +3.86% | $2.96 (+5.14%) |
Apr 22, 2026 23w ago | 8-K | $2.60 $2.24 | ▼ −13.85% | ▼ −13.90% | $2.96 (+14.04%) |
Apr 15, 2026 24w ago | 8-K | $2.19 $2.54 | ▲ +15.98% | ▲ +15.00% | $2.96 (+35.39%) |
US Market Status
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