Cantor Fitzgerald analyst Brett Knoblauch raised the firm’s price target on Hive Digital (HIVE) to $4.60 from $3 and keeps an Overweight rating on the shares. HIVE Digital Technologies announced an AI data center investment in the Greater Toronto Area targeting 320 MW of utility capacity, marking a major expansion into AI infrastructure with a planned 2H27 online date and an estimated $3.5B build cost, significantly improving its visibility into future compute supply and potentially enhancing its ability to secure large cloud tenancy agreements that could help finance the project, the analyst tells investors in a research note.
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