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The latest update is out from HIVE Digital Technologies ( (TSE:HIVE) ).
HIVE Digital Technologies has achieved a significant milestone by reaching 20 Exahash per second of Bitcoin mining capacity, representing 2% of the global Bitcoin network. This expansion, powered by green energy, highlights HIVE’s commitment to sustainable operations and positions it as a leader in the Bitcoin mining industry. The company anticipates further growth in its mining capacity and efficiency, aiming for 25 EH/s by U.S. Thanksgiving. Additionally, HIVE is dedicated to impact investing in community education, particularly in Paraguay, where it supports local schools and educational initiatives, reinforcing its mission to create a positive social impact alongside technological advancements.
The most recent analyst rating on (TSE:HIVE) stock is a Hold with a C$5.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.
Spark’s Take on TSE:HIVE Stock
According to Spark, TipRanks’ AI Analyst, TSE:HIVE is a Neutral.
HIVE Digital Technologies has a moderate overall score driven by strong technical momentum but offset by poor financial performance and valuation metrics. The lack of profitability and cash flow issues are significant concerns, while the bullish technical indicators provide some positive outlook.
To see Spark’s full report on TSE:HIVE stock, click here.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd. is a diversified multinational digital infrastructure company operating in the Bitcoin mining industry. The company focuses on sustainable Bitcoin mining using green energy, particularly hydroelectric power from the Itaipu Dam in Paraguay, and is also involved in AI cloud computing.
Average Trading Volume: 1,915,658
Technical Sentiment Signal: Buy
Current Market Cap: C$1.22B
Find detailed analytics on HIVE stock on TipRanks’ Stock Analysis page.