HIVE Digital to deliver 2,016 Nvidia Blackwell Ultra GPUs in five-year deal
HIVE Digital has announced that it will supply 2,016 Nvidia Blackwell Ultra GPUs through a 5-year contract.
A clear momentum has emerged due to a large-scale GPU supply contract, making entry worth considering. On August 20, 2026, the opening price was 2.95, the high was 3.18, the low was 2.89, and the closing price was 3.13, showing an upward trend compared to the previous day. Additionally, the trading volume was 1.83 times the 20-day average, providing a basis for exploring a buy.
Based on news catalysts and volatility trends, I will realize profits when the price reaches the target of $3.34 after breaking through the upper resistance. If the downward support line fails and the price falls below the stop-loss level of $2.53, I will sell immediately for risk management.
The technical indicators at the entry point are RSI(14) at 43.5, moving averages in a non-aligned state, trading volume at 1.83 times the 20-day average, and a recent 7-day volatility of -5.3%.
As a past similar case, the HIVE example, which recorded a 13.2% return on August 20, 2026, is a direct comparison with the same keyword 'HIVE Digital' and related news. Additionally, for reference on top performances, there are the cases of VEEE, which recorded 451.7% on July 16, 2026, and LRCX, which recorded 346.8% on July 6, 2026; however, these do not have direct similarities.
The forecasted return was 4.5%, indicating an expectation of stable target achievement; however, the actual result was a return of 13.2%, resulting in an OVERHIT designation. At the time of entry, the RSI was 43.5, with a non-aligned moving average and a recent 7-day volatility of -5.3%, suggesting that the technical momentum appeared somewhat heavy or uncertain. However, a trading volume that reached 1.83 times the 20-day average confirmed that the market reacted strongly to the major positive news of supplying 2,016 units of the Nvidia Blackwell Ultra GPU. This was a case where the uncertainty of technical indicators was strongly overshadowed by fundamental news and an increase in trading volume.
Through this trading experience, we learned that when strong physical contract news is accompanied by trading volume, the upward momentum can be significantly greater than expected, even before technical indicators are fully aligned. In the future, when encountering similar large-scale supply contract news, we will place greater trust in the intensity of trading volume inflow and the impact of momentum, while remaining flexible in applying strategies such as partial profit-taking, keeping the possibility of market overheating (OVERHIT) in mind when setting target prices.