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HIVE Digital Technologies ( (TSE:HIVE) ) has issued an update.
BUZZ HPC has acquired a 7.2 MW data center site in Toronto to establish a Tier III+ facility for AI workloads, enhancing Canada’s sovereign AI infrastructure. This move, in collaboration with Bell Canada, aims to bolster Toronto’s AI ecosystem by providing scalable and secure data solutions, supporting economic growth and innovation in the AI sector.
The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$5.50 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 has a moderate overall score driven by strong technical momentum but offset by poor financial performance and valuation metrics. The lack of profitability and cash flow issues are significant concerns, while the bullish technical indicators provide some positive outlook.
To see Spark’s full report on TSE:HIVE stock, click here.
More about HIVE Digital Technologies
BUZZ High Performance Computing (BUZZ HPC), a subsidiary of HIVE Digital Technologies Ltd., is a Canadian AI cloud provider and NVIDIA Cloud Partner. It delivers enterprise-grade cloud services and large-scale NVIDIA GPU clusters, supporting AI, machine learning, and scientific workloads. BUZZ HPC operates globally with a focus on sustainability, offering supercomputing environments powered by renewable energy.
Average Trading Volume: 1,721,121
Technical Sentiment Signal: Buy
Current Market Cap: C$1.25B
For detailed information about HIVE stock, go to TipRanks’ Stock Analysis page.