HIVE Digital Technologies (HIVE, Financial) has achieved a significant milestone by exceeding 10 Exahash per second (EH/s) of global Bitcoin mining hashrate. The company has consistently added 1 EH/s each week over the past month. Presently, HIVE's operating hashrate stands at over 10 EH/s, putting it ahead of schedule to reach its initial target of 11.5 EH/s by the end of June 2025, with a global fleet efficiency of 20 Joules per Terahash.
Additionally, HIVE is diligently working towards its long-term goal of 25 EH/s by the fourth quarter of 2025, emphasizing that this expansion is fully financed. As part of its broader growth strategy, HIVE's high-performance computing business, Buzz HPC, has hit a milestone with its GPU cloud business achieving a $20 million annualized revenue run-rate.
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.
