HIVE Digital (HIVE, Financial) Technologies has achieved a significant milestone, reaching over 8.0 Exahash per second (EH/s) in its global Bitcoin mining operations. This advancement is part of the company's strategic goal to hit 25 EH/s by the fourth quarter of 2025. Contributing to this expansion is the activation of HIVE's new 100 MW hydro-powered facility in Yguazu, Paraguay. Currently, HIVE operates at a hashrate of 8.3 EH/s and is on track to meet their initial target of 11.5 EH/s by June 2025, with further capacity enhancements imminent.
Furthermore, HIVE has fully financed its ASIC orders to increase capacity to 18 EH/s by the third quarter of 2025. The completion of a second 100 MW facility in Yguazu this summer will enable them to expand from 11.5 EH/s to 18 EH/s. Additionally, HIVE has secured deposits and purchase options for the necessary equipment to achieve their full 25 EH/s target. The infrastructure for the final phase, a third 100 MW facility in Valenzuela, Paraguay, is slated to be operational in the fourth quarter of 2025.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for HIVE Digital Technologies Ltd (HIVE, Financial) is $7.50 with a high estimate of $11.00 and a low estimate of $4.00. The average target implies an upside of 292.67% from the current price of $1.91. More detailed estimate data can be found on the HIVE Digital Technologies Ltd (HIVE) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, HIVE Digital Technologies Ltd's (HIVE, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for HIVE Digital Technologies Ltd (HIVE, Financial) in one year is $2.54, suggesting a upside of 32.98% from the current price of $1.91. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the HIVE Digital Technologies Ltd (HIVE) Summary page.
