- HIVE Digital progresses towards its ambitious goal in Bitcoin mining, targeting 25 EH/s by Q4 2025.
- Analysts estimate a significant price increase, with an average target implying a 292.67% upside.
- HIVE is rated "Outperform," with strong growth potential according to consensus forecasts.
HIVE Digital Technologies Ltd (HIVE, Financial) is making significant strides in its global bitcoin mining operations by reaching a current rate of 8.3 exahash per second. As part of its ambitious growth strategy, the company aims to achieve a capacity of 11.5 EH/s by June 2025, ultimately reaching 25 EH/s by the fourth quarter of 2025. This expansion leverages its strategically located hydro-powered facility in Paraguay, a move set to propel its production capabilities and operational efficiency.
Wall Street Analysts Forecast
HIVE Digital's future prospects are generating considerable interest among analysts. Based on price targets from seven knowledgeable analysts, the stock is projected to reach an average price of $7.50 within a year. This forecast, which includes a high estimate of $11.00 and a low of $4.00, reflects a potential upside of 292.67% from the current price of $1.91. Investors seeking more comprehensive estimate data are encouraged to explore the HIVE Digital Technologies Ltd (HIVE, Financial) Forecast page.
Additionally, HIVE's performance is currently rated at an average brokerage recommendation of 2.0, signifying its "Outperform" status. This rating emerges from evaluations by seven brokerage firms, using a scale from 1 (Strong Buy) to 5 (Sell), underscoring the company's promising potential in the digital currency space.
Understanding GF Value
GuruFocus' proprietary GF Value estimates the one-year fair value of HIVE Digital Technologies Ltd at $2.54. This suggests a potential upside of 32.98% from its current trading price of $1.91. The GF Value offers investors a rigorous valuation benchmark, calculated based on historical trading multiples, business growth trajectories, and future performance expectations. For investors seeking deeper insights, detailed data is available on the HIVE Digital Technologies Ltd (HIVE, Financial) Summary page.
In summary, HIVE Digital is on a promising path with substantial growth in its bitcoin mining capacity, supported by positive analyst forecasts and a strong growth rating. Investors considering HIVE should closely monitor its progression towards hitting its ambitious mining goals.
