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Author claims US data center stocks trade at a “huge multiple” in revenue per…

2026-06-18 · 09:55 UTC ·@bulldogholmes ·0 min read

Brief

The post argues US data center stocks show large valuation multiples on revenue-per-share and cash-flow-per-share metrics versus peers. It highlights HIVE Digital Technologies’ $35 million ARR last quarter and management’s guidance to reach $200 million ARR by end of 2026 and $660 million ARR after a gigafactory opens in late 2027/early 2028. The author discloses a personal HIVE stake and frames the commentary as entertainment, not advice.

Why it matters

Author claims US data center stocks trade at a “huge multiple” in revenue per share and cash flow per share versus peers.

Key details

  • HIVE Digital Technologies reported $35 million in ARR last quarter, projects $200 million ARR by end of 2026, and forecasts $660 million ARR after a gigafactory opens in late 2027/early 2028.
  • Tony Sagami discloses he is a biased, happy shareholder of $HIVE and frames his comments as entertainment, not investment advice.
Source evidence

It’s simple look at peers and see the huge multiple in revenue per share and cash flow per share for US data center stocks

The Sagami Letter | Tony Sagami (@anthonysagami)

🐝 🐝 HIVE Digital Technologies pulled in $35 million of ARR (annual recurring revenue) last quarter...expects to hit $200 million by the end of this year, and reach a whopping $660 million after this gigafactory opens in late 2027/early 2028.

HIVE = Your high-octane gateway to the AI explosion.

Disclosure: I am a biased, happy shareholder of $HIVE. This is entertainment, not advice

— https://nitter.net/anthonysagami/status/2066865877249864097#m