Northland analyst Mike Grondahl raised the firm’s price target on Hive Digital (HIVE) to $7.50 from $6 and keeps an Outperform rating on the shares after the company announced mining 267 bitcoin during September at an average hashrate of 19.4 EH/s. With Phase 3 Valenzuela now about 50% online, all ASIC purchases funded and shipped, and commissioning progressing steadily, the firm sees Hive being on “a clear trajectory” to hit 25 EH/s by Thanksgiving, the analyst tells investors.
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