10 Most Undervalued Bitcoin Mining Stocks to Buy Now

2. Hive Digital Technologies Ltd. (NASDAQ:HIVE)

Analyst Upside: 345.40%

Number of Hedge Fund Holders: 13

Based in Canada, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is a cryptocurrency mining company focused on sustainable green energy. It operates green energy-powered data center facilities in Iceland, Sweden, and Canada. In addition to its hard assets, such as advanced multi-use servers and data centers, the company also operates a fleet of around 38,000 commercial-grade NVIDIA graphic processing units (GPUs).

The company generated $29.2 million in revenue in fiscal Q3 2025, compared to $22.6 million in the previous quarter. This growth was impacted by an increase in the price of Bitcoin, which resulted in higher revenue from digital currency mining. HIVE Digital Technologies Ltd. (NASDAQ:HIVE) also saw 35% higher HPC revenues quarter-over-quarter.

The company also boasts a healthy balance sheet, with a cash position of $9.8 million as of December 31, 2024. It also has $260.8 million in digital currencies, a significant increase from the prior quarter, driven by higher HODL balances and higher bitcoin prices. Investors are thus bullish on the stock, ranking it second on our list of the 10 most undervalued bitcoin mining stocks to buy now.