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HIVE Digital Technologies ( (TSE:HIVE) ) has shared an update.
HIVE Digital Technologies has achieved a record 9.5 EH/s in Bitcoin mining hashrate, marking a significant milestone in its growth strategy. This positions the company above 1% of the global Bitcoin network and reflects its commitment to sustainable growth and shareholder value. The company plans to expand further, aiming for 25 EH/s by the end of 2025, with new facilities in Paraguay enhancing its capacity and efficiency.
The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.
Spark’s Take on TSE:HIVE Stock
According to Spark, TipRanks’ AI Analyst, TSE:HIVE is a Neutral.
HIVE Digital Technologies is facing significant financial difficulties, with negative earnings and cash flow issues being primary concerns. Despite these challenges, strategic expansions and growth plans, particularly in Paraguay, offer potential for improvement. Technical analysis shows bearish trends, and valuation remains a concern due to ongoing losses. While growth initiatives provide some optimism, investors should remain cautious.
To see Spark’s full report on TSE:HIVE stock, click here.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd. is a sustainability-driven leader in digital infrastructure, focusing on Bitcoin mining using 100% renewable energy. The company operates data centers across Canada, Sweden, and Paraguay, contributing to the blockchain ecosystem while strategically managing digital assets to deliver long-term shareholder value.
Average Trading Volume: 890,303
Technical Sentiment Signal: Sell
Current Market Cap: C$521.1M
Learn more about HIVE stock on TipRanks’ Stock Analysis page.
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