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An announcement from HIVE Digital Technologies ( (TSE:HIVE) ) is now available.
HIVE Digital Technologies Ltd. has announced an equity distribution agreement to launch an ‘at-the-market’ equity program, allowing the company to sell up to US$300 million of its common shares. This strategic move is expected to enhance HIVE’s financial flexibility and support its growth initiatives in the sustainable data center infrastructure sector, potentially impacting its market position and stakeholder interests.
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 faces significant challenges with profitability and cash flow, reflected in its financial performance score. Technical analysis indicates bearish momentum, and valuation metrics are unattractive due to a negative P/E ratio. These factors contribute to a low overall stock score.
To see Spark’s full report on TSE:HIVE stock, click here.
More about HIVE Digital Technologies
Founded in 2017, HIVE Digital Technologies Ltd. is a leader in sustainable blockchain and AI infrastructure, utilizing renewable hydroelectric energy. The company operates globally with a presence in Canada, Sweden, and Paraguay, offering scalable AI and cloud compute services. HIVE is dedicated to operational excellence, green energy leadership, and creating long-term value for its shareholders and host communities.
Average Trading Volume: 2,903,506
Technical Sentiment Signal: Sell
Current Market Cap: C$1.08B
Find detailed analytics on HIVE stock on TipRanks’ Stock Analysis page.