B. Riley analyst Nick Giles lowered the firm’s price target on Hive Digital (HIVE) to $7 from $8 and keeps a Buy rating on the shares. Hive Digital posted stronger-than-expected Q3 EBITDA, helped by lower power costs, while making significant progress in BTC mining capacity, AI cloud build-out, and colocation readiness, the analyst tells investors in a research note. With meaningful annual recurring revenue potential by 2027 and HPC assets trading at a steep discount to peers, the setup looks compelling, supported by upcoming catalysts such as GPU deployment and colocation developments, the firm says.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIVE:
- Crypto Currents: Miners surge after Nvidia earnings beat
- Crypto Currents: Fidelity launches solana staking ETF
- HIVE Digital Technologies Reports Record Q2 Revenue with Major Bitcoin Mining Expansion
- 3 Best Stocks to Buy Now, 11/18/2025, According to Top Analysts
- Hive Digital price target raised to $10 from $8 at H.C. Wainwright