Roth Capital reiterated a Buy Rating and $8 price target on Hive Digital (HIVE) after the company reported Q3 results. The firm told investors in a research note that it sees Hive’s recent AI customer win and emerging traction at its New Brunswick site as potential catalysts unlocking the company’s re-rating from a bitcoin miner to a digital infrastructure provider for high-performance computing/AI. Roth added that there remains a lot of moving pieces with the company.
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