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.
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