On June 25, HIVE Digital Technologies fell 8.33% in regular trading, trading at $3.738/share, with turnover of $53.24 million.
On the news front, multiple company insiders have been aggressively reducing their positions in recent weeks. Director Perrill Dave sold 175,000 shares on June 19, Director MCGEE SUSAN B sold over 200,000 shares across multiple transactions on June 17 and 19, and executive Rossy Luke offloaded more than 280,000 shares in early June — totaling over 650,000 shares. The concentrated selling signal has continued to weigh heavily on market confidence.
On the same day, the company disclosed a non-binding letter of intent with a sovereign Swedish technology company for a 10-year lease of its 32-megawatt Boden, Sweden facility for HPC colocation, with plans to retrofit it to support up to 10,000 GB300 GPUs. However, this development failed to offset selling pressure. Sector-wide weakness further amplified losses, with Palantir down 4.85%, AppLovin down 4.96%, and Strategy down 4.27%, reflecting broad-based retreat across digital infrastructure names.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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