Cantor Fitzgerald raised the firm’s price target on Hive Digital (HIVE) to $5.50 from $5 and keeps an Overweight rating on the shares. During the quarter Hive Digital mined 299 Bitcoin, representing $28.1M in revenue, and mined 1,412 Bitcoin for the full year, yielding $105.2M in total revenue from mining operations, representing a slight decrease from $111M in mining revenue in FY24, the analyst tells investors in a research note. Cantor continues to believe risk/reward at current levels represents an attractive opportunity.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIVE:
- HIVE Digital Technologies Reports Transformative Fiscal Year
- Hive Digital price target lowered to $6 from $9 at H.C. Wainwright
- Morning Movers: Shell ticks higher after denying interest in BP deal
- Hive Digital reports Q4 EPS (34c) vs 55c last year
- Options Volatility and Implied Earnings Moves Today, June 26, 2025