Home / Business and Economy / HIVE Exec Sells All Direct Shares
HIVE Exec Sells All Direct Shares
10 Jun
Summary
- HIVE COO sold 215,000 common shares on June 8, 2026.
- This transaction represented a 100% disposition of direct holdings.
- Company is shifting focus from bitcoin mining to AI infrastructure.
On June 8, 2026, HIVE Digital Technologies Chief Operating Officer Luke Rossy reported the sale of 215,000 common shares through an open-market transaction. This sale resulted in Rossy's direct ownership of common shares decreasing from 215,000 to zero, representing a complete 100% disposition of his direct stock.
No indirect holdings or derivative securities were involved in this filing. Rossy has completed three such transactions since April 2026, with this sale marking the final divestment of his direct HIVE holdings.
HIVE Digital Technologies is undergoing a strategic business transformation. While historically viewed as a bitcoin miner, the company is increasingly positioning itself as an AI infrastructure and high-performance computing provider.
Fiscal 2026 saw substantial revenue growth, with overall revenue surging 158% to $297.8 million. Notably, BUZZ high-performance computing (HPC) revenue climbed 94% to $19.5 million, and contracted annual recurring HPC revenue reached $35 million, with a target of $660 million by fiscal 2028.
