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HIVE Digital Technologies ( (TSE:HIVE) ) just unveiled an announcement.
HIVE Digital Technologies has surpassed 15 EH/s in Bitcoin mining capacity as part of its Yguazú project, with plans to reach 18 EH/s by the end of summer 2025. The company reported a 24% increase in Bitcoin production in July and aims to achieve 25 EH/s by American Thanksgiving, enhancing shareholder value through its Bitcoin pledge strategy and without equity dilution.
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 has a moderate stock score, with strong growth prospects in Bitcoin mining and HPC businesses. However, financial challenges, such as declining revenues and negative profitability, weigh heavily. The company’s strategic expansions and positive earnings call guidance are promising but must overcome the existing financial and regulatory hurdles.
To see Spark’s full report on TSE:HIVE stock, click here.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd. is a diversified multinational digital infrastructure company focused on Bitcoin mining. The company is advancing its Yguazú project and aims to increase its mining capacity significantly, with a market focus on leveraging advanced technologies for efficient operations.
Average Trading Volume: 1,218,867
Technical Sentiment Signal: Sell
Current Market Cap: C$612.9M
For detailed information about HIVE stock, go to TipRanks’ Stock Analysis page.