HIVE's (HIVE, Financial) financial performance for the fourth quarter revealed a drop in revenue to $31.2 million, compared to $36.881 million during the same period last year. The company mined 303 Bitcoins, which represents a sequential decline of 6% from the previous quarter, attributed to increased hashrate difficulty.
Despite the revenue dip, HIVE made significant strides in expanding its operational capacity. Over the fiscal year, the company increased its hashrate from approximately 4.5 EH/s at the end of March 2024 to 6.3 EH/s by March 2025, marking a 40% growth. Furthermore, HIVE acquired 300 megawatts of hydro-powered green-energy sites in Paraguay, enhancing its strategic position in the industry.
Looking ahead, HIVE aims to escalate its Bitcoin mining capacity to 25 EH/s by the end of 2025, while continuing to grow its Buzz HPC Business. The company remains committed to creating strong shareholder value through disciplined investments and the use of green energy.
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 329.37% from the current price of $1.78. 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 43.26% from the current price of $1.78. 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.
