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The latest update is out from HIVE Digital Technologies ( (TSE:HIVE) ).
BUZZ High Performance Computing, a subsidiary of HIVE Digital Technologies, has partnered with Bell Canada to establish one of Canada’s largest sovereign AI ecosystems. This collaboration will provide Canadian innovators with access to advanced NVIDIA AI infrastructure, ensuring nationwide reach and compliance with data residency laws. The initiative is set to enhance AI innovation and competitiveness in Canada, leveraging secure, scalable, and eco-friendly infrastructure.
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’ overall score reflects financial challenges with declining revenues and negative profitability. However, positive technical indicators and strategic expansions in Bitcoin mining and AI infrastructure provide growth potential. The valuation remains a concern due to negative earnings, but recent corporate events and strategic initiatives offer a positive outlook.
To see Spark’s full report on TSE:HIVE stock, click here.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd. is a Canadian AI cloud provider and NVIDIA Cloud Partner, operating through its subsidiary BUZZ High Performance Computing (BUZZ HPC). The company focuses on delivering enterprise-grade cloud solutions, particularly in the realm of AI, machine learning, and scientific computing.
Average Trading Volume: 1,233,208
Technical Sentiment Signal: Sell
Current Market Cap: C$662.2M
For a thorough assessment of HIVE stock, go to TipRanks’ Stock Analysis page.