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An update from HIVE Digital Technologies ( (TSE:HIVE) ) is now available.
HIVE Digital Technologies has achieved a significant milestone by exceeding 12 Exahash per second in global Bitcoin mining hashrate and reaching a $250 million annualized revenue run rate. This achievement is largely due to the company’s rapid expansion in Yguazú, Paraguay, where it is constructing hydro-powered data center campuses. The expansion is expected to transform the region into a hub for Bitcoin innovation and renewable infrastructure, creating jobs and setting a global benchmark for sustainability in digital asset mining. HIVE aims to further increase its hashrate to 18 EH/s by the end of summer and 25 EH/s by Thanksgiving 2025, with anticipated revenue run rates of $400 million and expanding mining margins.
The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$6.00 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 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
Founded in 2017, HIVE Digital Technologies Ltd. builds and operates sustainable blockchain and AI infrastructure data centers, powered exclusively by renewable hydroelectric energy. With a global footprint in Canada, Sweden, and Paraguay, HIVE is committed to operational excellence, green energy leadership, and scaling the future of digital finance and computing, while creating long-term value for its shareholders.
Average Trading Volume: 916,806
Technical Sentiment Signal: Sell
Current Market Cap: C$609.8M
For an in-depth examination of HIVE stock, go to TipRanks’ Overview page.