HIVE Digital Technologies (HIVE, Financial) has announced a significant achievement by surpassing a global Bitcoin mining hashrate of 10 Exahash per second (EH/s). With consistent progress, the company has been adding an additional 1 EH/s each week over the past month. HIVE now boasts an operational hashrate exceeding 10 EH/s, positioning itself well ahead of schedule to meet its Phase 1 goal of 11.5 EH/s by June 2025. The company aims for a fleet efficiency of 20 Joules per Terahash as it strives towards a total target of 25 EH/s by the fourth quarter of 2025. This strategic expansion is fully financed.
Additionally, the company's high-performance computing branch, Buzz HPC, has achieved a significant milestone by reaching an annualized revenue run-rate of $20 million in its GPU cloud segment. These developments highlight HIVE's strategic growth and commitment to scaling its operations effectively.
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 278.79% from the current price of $1.98. 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 28.28% from the current price of $1.98. 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.
