B. Riley lowered the firm’s price target on Hive Digital (HIVE) to $6 from $7 and keeps a Buy rating on the shares. The firm updated its model ahead of the Q3 results on February 17. The firm remains a buyer into the print and tells investors in a research note that Hive Digital’s value proposition extends beyond hash rate growth to encompass its HPC/AI cloud business, which management emphasized in recent quarters.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIVE:
- HIVE’s BUZZ Unit Lands $30 Million in AI Cloud Deals to Drive Tier-III HPC Expansion
- HIVE Digital Sets February 17 Date for Fiscal Q3 2026 Results and Earnings Call
- Crypto Currents: Strategy, Galaxy Digital report Q4 earnings results
- HIVE Digital Posts 290% Hashrate Surge and Expands Green Mining Fleet in January 2026
- Hive Digital reports January 2026 production of 297 BTC