Roth Capital raised the firm’s price target on Hive Digital (HIVE) to $7.50 from $6 and keeps a Buy rating on the shares. The firm cites the company having secured an exclusive AI Cloud partnership with Bell Canada, deploying GPU clusters to deliver sovereign AI infrastructure and access Bell’s enterprise/government clients. The deal enhances Hive’s credibility in high-performance compute / AI, supports its target of $100M AIC annual recurring revenue by 2026-end, and helps diversify its business beyond bitcoin mining, the analyst tells investors in a research note.
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