HIVE Digital Technologies (HIVE, Financial) has reached a new milestone in its Bitcoin mining operations, achieving a global hashrate of 11.4 Exahash per second (EH/s). This accomplishment marks the successful early completion of Phase 1 at HIVE's Yguazu site in Paraguay, aligning with the company's ambition to scale its operations to 25 EH/s by Thanksgiving 2025.
In the past five weeks, HIVE has increased its installed hashrate by roughly 1 EH/s each week, reaching a total of 11 EH/s last week and further advancing to 11.5 EH/s. The company anticipates maintaining this level under typical conditions, although minor fluctuations in daily hashrate are expected as summer temperatures rise in its Canadian data centers. These changes are part of ongoing efforts to optimize the performance of their ASIC devices according to seasonal variations.
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 $7.64 with a high estimate of $11.00 and a low estimate of $4.00. The average target implies an upside of 334.25% from the current price of $1.76. 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 $2.55, suggesting a upside of 44.89% from the current price of $1.76. 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.
