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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIVE:
- 3 ‘Strong Buy’ Crypto Stocks to Buy with Over 150% Upside, According to Analysts
- HIVE Digital Technologies Surpasses 16 EH/s in Bitcoin Mining Expansion
- Crypto Currents: Fed’s Waller sees potential for stablecoins to improve payments
- Citadel Securities reports 5.4% passive stake in Hive Digital
- 3 Best Stocks to Buy Now, 8/20/2025, According to Top Analysts