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HIVE Digital Technologies ( (TSE:HIVE) ) has shared an update.
HIVE Digital Technologies announced a significant expansion in Paraguay with a new 100 MW hydroelectric-powered data center, increasing its total renewable capacity in the country to 400 MW. This development aims to boost HIVE’s global Bitcoin mining target to 35 EH/s by 2026, reinforcing its commitment to sustainable digital infrastructure. Additionally, HIVE plans to expand its high-performance computing and AI operations through strategic partnerships, notably with Bell Canada, to quintuple its HPC capacity by 2026. This expansion positions HIVE as a global leader at the intersection of blockchain and AI, enhancing its market positioning and stakeholder value.
The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$10.00 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
Founded in 2017, HIVE Digital Technologies Ltd. is a leader in sustainable blockchain and artificial intelligence infrastructure. It operates next-generation data centers across Canada, Sweden, and Paraguay, focusing on Bitcoin mining and high-performance computing, all powered by green energy.
Average Trading Volume: 2,709,534
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$1.8B
For detailed information about HIVE stock, go to TipRanks’ Stock Analysis page.