HIVE Digital Technologies Ltd. (NASDAQ:HIVE) shares are trading lower during Tuesday’s premarket session as traders digest the company’s newly announced AI cloud agreement while S&P 500 futures are down.
- HIVE Digital Technologies shares are sliding. Why is HIVE stock falling?
What Is HIVE’s New GPU Cloud Services Agreement?
HIVE announced a five-year GPU cloud services agreement valued at about $350 million with an investment-grade enterprise customer, tied to its BUZZ HPC business. The company said the deal is expected to add roughly $70 million in annualized revenue, taking BUZZ HPC’s total annualized revenue to about $180 million.
HIVE is also tying the ramp to specific infrastructure, planning to deploy 2,016 NVIDIA Blackwell Ultra GPUs in GB300 NVL72 systems at its Bell AI Fabric facility in Merritt, British Columbia, with the cluster expected to be operational later in 2026.
HIVE Stock: Key Technical Levels To Watch
From a trend perspective, HIVE is still trying to stabilize after a choppy stretch: at $2.96, it’s trading 11.1% below its 50-day SMA ($3.33) and 2.1% below its 200-day SMA ($3.02), even as it holds 3.3% above its 20-day SMA ($2.86). That “above short-term, below longer-term” setup often reads like an early bounce that still needs follow-through to turn into a sustained uptrend.
RSI is the cleaner momentum lens right now, sitting at 51.99, which points to neutral conditions rather than an overbought/oversold extreme. In plain English, RSI helps gauge whether recent buying or selling has become stretched, and this reading suggests the stock is more in a “prove it” zone than a momentum breakout.
The moving-average structure is mixed: the 20-day SMA remains below the 50-day SMA (bearish near-term alignment), but the 50-day SMA is still above the 200-day SMA after the golden cross in June. That combination can keep longer-term bulls interested, but it also means reclaiming the 200-day area is a key test for any rebound attempt.
- Key Resistance: $3.00 — a round-number ceiling that also sits near the 200-day moving-average zone ($3.02), where rebounds can stall
- Key Support: $2.50 — a nearby level where buyers previously stepped in, and a break could shift focus back toward the lower end of the 52-week range ($1.73)
HIVE Stock Price Movement During Premarket
HIVE Stock Price Activity: HIVE Digital Technologies shares were down 3.26% at $2.97 during premarket trading on Tuesday, according to Benzinga Pro data.
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