- HIVE Digital Technologies is rapidly expanding its Bitcoin mining capacity with a target of reaching 25 EH/s by late 2025.
- Wall Street analysts see significant upside potential for HIVE shares, with a forecasted target price increase of 214.04%.
- GuruFocus's GF Value suggests a potential downside, highlighting a diverse range of valuations.
HIVE Digital Technologies (HIVE, Financial) has achieved a remarkable milestone by doubling its global Bitcoin mining hashrate to over 12 EH/s, up from 6 EH/s at the beginning of 2025. This expansion is in tandem with the company's success in exceeding an annualized revenue run rate of $250 million. The strategic growth is continuing at the Yguazú site, where the deployment of Bitmain S21+ Hydro ASIC miners is anticipated to be complete by late August. With this, HIVE aims to achieve a hashrate of 18 EH/s by the summer's end, with an additional goal of reaching 25 EH/s by Thanksgiving 2025. These developments have positively impacted the stock, as HIVE shares rose 6.9% in premarket trading.
Wall Street Analysts Forecast
Wall Street analysts have provided one-year price targets that suggest a promising outlook for HIVE Digital Technologies Ltd (HIVE, Financial). The average target price stands at $7.29, with high and low estimates at $11.00 and $4.00, respectively. This average target showcases a potential upside of 214.04% from the current trading price of $2.32. For more in-depth analysis and forecast data, investors can refer to the HIVE Digital Technologies Ltd (HIVE) Forecast page.
In terms of brokerage recommendations, the consensus from six brokerage firms indicates a current rating of 2.0 for HIVE Digital Technologies Ltd (HIVE, Financial), which suggests an "Outperform" status. This rating is determined on a scale from 1 to 5, where 1 implies a Strong Buy and 5 means Sell.
According to GuruFocus estimates, the one-year GF Value for HIVE Digital Technologies Ltd (HIVE, Financial) is projected at $1.47, implying a potential downside of 36.64% from the current price of $2.32. The GF Value provides an estimate for the fair trading value of the stock, derived from historical trading multiples, past business growth, and future performance estimates. Investors looking for detailed valuation metrics should visit the HIVE Digital Technologies Ltd (HIVE) Summary page.
