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HIVE Digital Technologies ( (TSE:HIVE) ) has issued an announcement.
HIVE Digital Technologies has completed Phase 2 of its Yguazú project in Paraguay, achieving a global Bitcoin mining capacity of 18 EH/s, powered by hydroelectric energy from the Itaipú Dam. With the completion of this phase, HIVE is now mining over 8.5 Bitcoin per day and plans to further expand to 25 EH/s by U.S. Thanksgiving, projecting a daily production of approximately 12 Bitcoin. The expansion involves deploying additional ASICs, with capital expenditures already accounted for, ensuring predictable costs and efficiency in operations.
The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$4.00 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 shows strong technical momentum and strategic growth in its HPC business, but faces significant challenges in profitability and valuation. The earnings call provided positive guidance, yet regulatory and operational risks remain.
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 operating in Bitcoin mining and AI Cloud computing powered by GPUs in HPC data centers. The company focuses on creating enduring value through disciplined growth and operational excellence, leveraging renewable hydroelectric energy for its operations.
Average Trading Volume: 1,392,933
Technical Sentiment Signal: Buy
Current Market Cap: C$930.3M
For an in-depth examination of HIVE stock, go to TipRanks’ Overview page.