We recently published a list of the 10 Most Undervalued Bitcoin Mining Stocks to Buy Now. In this article, we are going to take a look at where Hive Digital Technologies Ltd. (NASDAQ:HIVE) stands against other most undervalued bitcoin mining stocks to buy now.
Trump’s Strategic Crypto Reserve and the Sentiment Around it
President Donald Trump recently signed an executive order to create a strategic crypto reserve that will include Bitcoin, Ether, XRP, Solana’s SOL token, and Cardano’s ADA. The reserve would be funded by coins seized in criminal and civil forfeiture cases. The US government does not have any plans to buy more bitcoin. In a post on Truth Social, President Trump said:
“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World.”
The strategic reserve announcement, however, disappointed the crypto world, resulting in volatility in crypto prices. Investors were disappointed that it was not a more aggressive program. Matt Hougan, chief investment officer at Bitwise Asset Management, told CNBC’s Squawk Box Asia that “the market is short-term disappointed” the government did not announce it would begin acquiring 100,000 or 200,000 bitcoin immediately. Calling this fall in crypto prices a “short-term setback,” Hougan said:
“I think the market will soon find its footing and realize that actually this is incredibly bullish long term for this asset and for crypto as a whole.”
Does the Positive 2025 Crypto Outlook Still Stand?
CNBC reported that experts and investors anticipate crypto prices to fall even more before eventually rising to set new records. Their positive outlook for 2025 still holds, driven by regulatory tailwinds.
On March 10, Anthony Scaramucci, SkyBridge Capital founder and managing partner, appeared on CNBC’s ‘Squawk Box’ to talk about the state of Bitcoin and crypto, its long-term outlook, and more. He said that if we read through the current administration’s executive order, there is a lot of meat in there for bitcoiners. The problem with bitcoiners, unfortunately, is that they have been beaten down over the last four to five years. The expectations were thus very high that the Trump administration would come in and turn on a switch for the industry.
Commending David Sacks’ initiatives, Scaramucci said that Sacks is brilliantly trying to create a bi-partisan understanding of digital assets and their space in the United States. Trading is sloppy right now, but if we look forward to the next three to six months, we will likely see a lot more institutional buying. The fact that the United States is going to hold this asset would mean that other countries would ultimately end up buying this asset as well.
He said the Trump administration is trying to say that it wouldn’t spend tax-payer dollars on this initiative. Instead, it would find revenue-neutral ways to acquire bitcoin. These could include selling other assets under forfeiture to the United States and transitioning them into bitcoin. It is thus a step in the right direction. He was thus of the opinion that bitcoin is a very valuable long-term strategic asset.
Our Methodology
Since the Bitcoin mining industry is new and emerging, our criteria for determining undervalued bitcoin mining stocks involved examining analysts’ consensus price targets. We sifted through stock screeners, online rankings, and ETFs to compile a list of crypto mining stocks that analysts see at least 30% upside to over the next 12 months. We then selected the top 10 with the highest analyst upside potential as of March 17, 2025. We also added the number of hedge fund holders as of Q4 2024. We sourced the hedge fund sentiment data from Insider Monkey’s database. The list is sorted in ascending order of hedge fund sentiment.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
A close-up of hands typing code to facilitate the exchange of Ethereum and Ethereum Classic.
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.
Overall, HIVE ranks 2nd on our list of the most undervalued bitcoin mining stocks to buy now. While we acknowledge the potential of HIVE as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HIVE but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
