- HIVE Digital Technologies (HIVE, Financial) has reached a significant milestone with an operational hashrate of 11.4 EH/s.
- Analysts predict a potential upside of over 334% from the current stock price of $1.76.
- The company is rated "Outperform" with a favorable growth outlook.
HIVE Digital Technologies (HIVE) has successfully achieved an operational hashrate of 11.4 exahashes per second (EH/s) in its Bitcoin mining operations. This accomplishment marks the completion of Phase 1 at HIVE's Yguazú site in Paraguay, bolstering its strategic aim to escalate to 25 EH/s by the end of 2025.
Wall Street Analysts' Forecast
In a detailed forecast provided by seven seasoned analysts, HIVE Digital Technologies Ltd (HIVE, Financial) has an average price target of $7.64. This prediction includes a high estimate of $11.00 and a low of $4.00, signaling a potential upside of 334.25% from its current trading price of $1.76. Investors can explore more comprehensive estimate data on the HIVE Digital Technologies Ltd (HIVE) Forecast page.
Brokerage Recommendations
Consensus among seven brokerage firms places HIVE Digital Technologies Ltd’s (HIVE, Financial) average brokerage recommendation at 2.0, which translates to an "Outperform" rating. This scale, ranging from 1 to 5, identifies a "Strong Buy" at 1 and a "Sell" position at 5, indicating solid analyst confidence in HIVE's potential.
GuruFocus Metrics and Future Value Estimates
According to GuruFocus metrics, the projected GF Value for HIVE Digital Technologies Ltd (HIVE, Financial) in one year stands at $2.55. This estimation represents an upside of 44.89% from the current price of $1.76. The GF Value signifies GuruFocus's calculation of the stock's fair trading value, derived from historical trading multiples, previous business growth, and future business performance forecasts. For further detailed insights, visit the HIVE Digital Technologies Ltd (HIVE) Summary page.
