Key Highlights:
- HIVE Digital Technologies boosts Bitcoin mining capacity to over 10 Exahash per second (EH/s), aiming for 25 EH/s by 2025.
- Analysts set a one-year average target price of $7.50, projecting significant upside potential.
- Current "Outperform" rating from brokerage firms, indicating positive market sentiment.
HIVE Digital Technologies (HIVE, Financial) has reached a pivotal milestone in its expansion efforts by significantly enhancing its global Bitcoin mining capacity to over 10 Exahash per second (EH/s). This marks a notable increase from 6 EH/s at the conclusion of the March quarter. Utilizing sustainable hydroelectric power, HIVE is setting ambitious targets, aiming to expand its capacity to 11.5 EH/s by June and achieve an impressive 25 EH/s by the fourth quarter of 2025.
Wall Street Analysts' Insights
Analysts have expressed bullish sentiment towards HIVE Digital Technologies Ltd (HIVE, Financial), as evidenced by their one-year price targets. The average target price stands at $7.50, with projections ranging from a high of $11.00 to a low of $4.00. This average target suggests a remarkable upside potential of 311.95% from HIVE's current trading price of $1.82. For a deeper dive into these predictions, visit the HIVE Digital Technologies Ltd (HIVE) Forecast page.
The consensus among seven brokerage firms positions HIVE Digital Technologies Ltd with an average rating of 2.0, denoting an "Outperform" status. The rating scale ranges from 1, indicating a Strong Buy, to 5, signifying a Sell recommendation.
GF Value Estimation
According to GuruFocus estimates, the projected GF Value for HIVE Digital Technologies Ltd (HIVE, Financial) within the next year is estimated to be $2.55. This presents an upside of 40.06% from the current price of $1.8206. The GF Value is a calculated metric reflecting the stock's fair trading value, derived from historical multiples and past business growth, alongside predictions of future business performance. For further detailed analysis, visit the HIVE Digital Technologies Ltd (HIVE) Summary page.
