HIVE Digital (HIVE) Drops 5% - Here's Why

We recently published 10 Big Names Crumbling Before 2026. HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is one of the worst performers on Tuesday.

HIVE Digital extended its losing streak to a third day on Tuesday, shedding 5.17 percent to close at $2.57 apiece as investors took profits amid the lack of fresh catalysts to boost buying.

In recent news, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) successfully listed on the Colombian Stock Exchange as part of its expansion plans, as it aims to offer more investors visibility and exposure to sustainable high-performance computing, Bitcoin mining, and next-generation AI infrastructure across the Americas.

“By joining this platform, HIVE becomes the first Bitcoin-and-AI infrastructure company to list in Colombia, reinforcing its position as a major renewable-powered data center operator in Latin America and complementing its long-standing listings in Canada, Germany, and on Nasdaq,” HIVE Digital Technologies Ltd. (NASDAQ:HIVE) said.

While we acknowledge the potential of HIVE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.