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APLD vs HIVE
Which Stock Would AI Choose? Applied Digital Corporation (APLD) vs. HIVE Digital Technologies (HIVE) Stock Comparison
Key Takeaways
- APLD has surged over 50% year-to-date and 600% in the past year, driven by major AI data center deals, vastly outpacing HIVE's more modest gains.
- Applied Digital focuses on AI and high-performance computing (HPC) infrastructure with a $10B+ market cap, while HIVE emphasizes Bitcoin mining and green energy data centers at around $700M.
- Recent catalysts for APLD include a $7.5B hyperscaler lease and $300M financing; HIVE reported record revenues and $115M notes offering amid Bitcoin production growth.
- Both stocks exhibit high volatility tied to crypto and AI sectors, but APLD shows stronger momentum and analyst upside (targets ~$44-51).
- APLD revenue reached $126.6M in Q3 FY2026 (up 139% YoY), exceeding HIVE's recent quarterly highs around $93M.
- Tickeron's AI bots highlight data center plays like APLD in trending strategies with up to 169% annualized returns.
Introduction
Applied Digital Corporation (APLD) and HIVE Digital Technologies (HIVE) operate in the overlapping realms of digital infrastructure, data centers, and compute-intensive applications like AI and cryptocurrency mining. This stock comparison is particularly relevant for traders eyeing growth in AI-driven data centers and blockchain sectors, as well as investors tracking relative performance amid surging demand for high-power computing. Both companies have posted strong recent gains, but differing business emphases and market positioning create distinct risk-reward profiles in the current environment of AI expansion and crypto volatility. Understanding their trajectories aids in assessing sector rotation opportunities and momentum plays.
APLD Overview and Recent Performance
Applied Digital Corporation (APLD) designs, builds, and operates next-generation data centers tailored for high-performance computing (HPC) and artificial intelligence (AI) workloads in North America. Transitioning from crypto mining roots, the company now prioritizes energy-dense AI factories through segments like Data Center Hosting and HPC Hosting.
In recent market activity, APLD shares have exhibited robust upward momentum, climbing over 60% in the past month and 50% year-to-date, with a one-year gain exceeding 650%. Key drivers include fiscal Q3 2026 results showing $126.6 million in revenue—a 139% year-over-year increase—fueled by AI data center demand and cloud services, alongside adjusted EBITDA of $44.1 million. A landmark $7.5 billion lease with a high investment-grade U.S. hyperscaler at its 430 MW Delta Forge 1 campus boosted contracted backlog beyond $23 billion, enhancing revenue visibility. Additional tailwinds came from a $300 million senior secured bridge facility for expansion and the spin-off of its cloud business into ChronoScale, sharpening focus on core data centers. Sentiment has shifted positively on execution amid AI compute shortages, though high debt and expansion costs temper profitability.
HIVE Overview and Recent Performance
HIVE Digital Technologies (HIVE) builds and operates green energy-powered data centers across Canada, Sweden, Paraguay, and beyond, primarily for Bitcoin mining and high-performance computing (HPC) hosting via its BUZZ AI Cloud platform.
Recent weeks have seen HIVE stock advance around 10% year-to-date and 65% over the past year, supported by operational scaling. The company reported record Q3 revenue of $93.1 million (up 219% YoY), with gross operating margin expanding sixfold to $32.1 million, driven by 885 Bitcoin mined (23% sequential increase) and accelerating AI GPU demand. Hashrate hit 25 EH/s, reflecting 290% YoY growth, while a $115 million 0% exchangeable senior notes offering due 2031 bolsters expansion. Paraguay's 300 MW capacity supports diversified "twin-engine" strategy in mining and AI. Performance reflects Bitcoin price resilience and HPC traction, though crypto volatility introduces swings compared to pure AI peers.
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Head-to-Head Comparison
Business models diverge: APLD leans into purpose-built AI/HPC data centers with hyperscaler leases, contrasting HIVE's green-powered Bitcoin mining augmented by AI cloud (BUZZ). Growth drivers favor APLD's $23B+ backlog versus HIVE's hashrate expansion amid crypto cycles.
Recent momentum tilts to APLD (YTD +50-60%, 1Y +650%, $10B+ market cap) over HIVE (YTD +10%, 1Y +65%, $700M cap), reflecting AI hype versus mining steadiness. Revenues compare as APLD $319M TTM edging HIVE $257M, but HIVE shows positive EBITDA while APLD invests heavily.
Risk factors include APLD's higher debt ($2.8B vs. HIVE $18M) and cash burn against HIVE's Bitcoin exposure. Sector overlap in data centers exposes both to power costs and AI demand, but APLD sentiment benefits from "Strong Buy" ratings (targets $44-51) over HIVE's "Moderate Buy" (~$6).
Tickeron AI Verdict
Tickeron’s AI currently favors APLD due to superior trend consistency, explosive momentum from AI catalysts like the $7.5B lease, and stronger relative positioning in high-growth data center infrastructure. HIVE offers stability via green mining and positive EBITDA, but lags in upside potential amid sector rotation toward pure AI plays. Probabilistic edge leans toward APLD for momentum traders, barring crypto surges.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full Disclaimers and Limitations.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is APLD is a Hold and HIVE is a Buy.
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is undervalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
APLD’s FA Score shows that 0 FA rating(s) are green whileHIVE’s FA Score has 1 green FA rating(s).
- APLD’s FA Score: 0 green, 5 red.
- HIVE’s FA Score: 1 green, 4 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
APLD’s TA Score shows that 2 TA indicator(s) are bullish while HIVE’s TA Score has 2 bullish TA indicator(s).
- APLD’s TA Score: 2 bullish, 6 bearish.
- HIVE’s TA Score: 2 bullish, 6 bearish.
Price Growth
APLD (@Information Technology Services) experienced а -16.20% price change this week, while HIVE (@Investment Banks/Brokers) price change was -16.59% for the same time period.
The average weekly price growth across all stocks in the @Information Technology Services industry was -13.41%. For the same industry, the average monthly price growth was -5.16%, and the average quarterly price growth was +6.80%.
The average weekly price growth across all stocks in the @Investment Banks/Brokers industry was -6.92%. For the same industry, the average monthly price growth was -3.44%, and the average quarterly price growth was -15.84%.
Reported Earning Dates
APLD is expected to report earnings on Aug 20, 2026.
Industries' Descriptions
@Information Technology Services (-13.41% weekly)The industry, whose total market cap runs into trillions, makes hardware/software that allows data to be stored, retrieved, transmitted, and manipulated on computers. With the ever-increasing relevance of data, the information technology (IT) industry has gained momentous growth over the years, and continues to thrive on innovation. Some of the behemoths in the industry are International Business Machines Corporation, Accenture, and VMware, Inc.
@Investment Banks/Brokers (-6.92% weekly)These banks specialize in underwriting (helping companies with debt financing or equity issuances), IPOs, facilitating mergers and other corporate reorganizations and acting as a broker or financial advisor for institutions. They might also trade securities on their own accounts. Investment banks potentially thrive on expanding its network of clients, since that could help them increase profits. Goldman Sachs, Morgan Stanley and CME Group Inc are some of the largest investment banking companies.
| APLD | HIVE | APLD / HIVE | |
| Capitalization | 11.7B | 1.07B | 1,099% |
| EBITDA | -19.84M | 27.2M | -73% |
| Gain YTD | 66.986 | 54.457 | 123% |
| P/E Ratio | N/A | 9.17 | - |
| Revenue | 319M | 298M | 107% |
| Total Cash | 1.73B | 32.9M | 5,258% |
| Total Debt | 2.83B | 71.1M | 3,976% |
APLD | HIVE | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 50 | 50 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 52 Fair valued | 69 Overvalued | |
PROFIT vs RISK RATING 1..100 | 44 | 100 | |
SMR RATING 1..100 | 97 | 98 | |
PRICE GROWTH RATING 1..100 | 37 | 36 | |
P/E GROWTH RATING 1..100 | 100 | 23 | |
SEASONALITY SCORE 1..100 | 24 | n/a |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
APLD's Valuation (52) in the null industry is in the same range as HIVE (69) in the Computer Communications industry. This means that APLD’s stock grew similarly to HIVE’s over the last 12 months.
APLD's Profit vs Risk Rating (44) in the null industry is somewhat better than the same rating for HIVE (100) in the Computer Communications industry. This means that APLD’s stock grew somewhat faster than HIVE’s over the last 12 months.
APLD's SMR Rating (97) in the null industry is in the same range as HIVE (98) in the Computer Communications industry. This means that APLD’s stock grew similarly to HIVE’s over the last 12 months.
HIVE's Price Growth Rating (36) in the Computer Communications industry is in the same range as APLD (37) in the null industry. This means that HIVE’s stock grew similarly to APLD’s over the last 12 months.
HIVE's P/E Growth Rating (23) in the Computer Communications industry is significantly better than the same rating for APLD (100) in the null industry. This means that HIVE’s stock grew significantly faster than APLD’s over the last 12 months.
| APLD | HIVE | |
|---|---|---|
| RSI ODDS (%) | 4 days ago 89% | 4 days ago 81% |
| Stochastic ODDS (%) | 4 days ago 85% | 4 days ago 84% |
| Momentum ODDS (%) | 4 days ago 90% | 4 days ago 88% |
| MACD ODDS (%) | 4 days ago 90% | 4 days ago 82% |
| TrendWeek ODDS (%) | 4 days ago 88% | 4 days ago 87% |
| TrendMonth ODDS (%) | 4 days ago 86% | 4 days ago 85% |
| Advances ODDS (%) | 12 days ago 90% | 8 days ago 85% |
| Declines ODDS (%) | 4 days ago 88% | 4 days ago 88% |
| BollingerBands ODDS (%) | 4 days ago 90% | 4 days ago 87% |
| Aroon ODDS (%) | 4 days ago 88% | 4 days ago 85% |
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APLD and
Correlation & Price change
A.I.dvisor indicates that over the last year, APLD has been loosely correlated with CIFR. These tickers have moved in lockstep 61% of the time. This A.I.-generated data suggests there is some statistical probability that if APLD jumps, then CIFR could also see price increases.
| Ticker / NAME | Correlation To APLD | 1D Price Change % | ||
|---|---|---|---|---|
| APLD | 100% | +3.34% | ||
| CIFR - APLD | 61% Loosely correlated | +8.20% | ||
| KEEL - APLD | 52% Loosely correlated | +10.14% | ||
| HIVE - APLD | 46% Loosely correlated | +5.70% | ||
| BBAI - APLD | 45% Loosely correlated | +2.62% | ||
| RIOT - APLD | 44% Loosely correlated | +4.18% | ||
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HIVE and
Correlation & Price change
A.I.dvisor indicates that over the last year, HIVE has been closely correlated with KEEL. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if HIVE jumps, then KEEL could also see price increases.
| Ticker / NAME | Correlation To HIVE | 1D Price Change % | ||
|---|---|---|---|---|
| HIVE | 100% | +5.70% | ||
| KEEL - HIVE | 76% Closely correlated | +10.14% | ||
| CIFR - HIVE | 73% Closely correlated | +8.20% | ||
| COIN - HIVE | 73% Closely correlated | +6.37% | ||
| CLSK - HIVE | 69% Closely correlated | +5.97% | ||
| RIOT - HIVE | 65% Loosely correlated | +4.18% | ||
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