Canaccord raised the firm’s price target on Hive Digital (HIVE) to $8 from $7 and keeps a Buy rating on the shares. The firm said the company has taken a more opportunistic approach to prcuring power and its patience seems to have paid off, with the company signing a LOI to acquire Bitfarm’s Paraguay site at what we view to be a very attractive valuation which could materially boost its self-mining capacity.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HIVE:
- HIVE Digital Technologies Announces Strategic Expansion and January 2025 Production Results
- Hive Digital announces 102 bitcoin produced in January
- A New Line of Data Center Business at Bitfarms (TSE:BITF)
- Crypto Currents: MicroStrategy buys more bitcoin
- HIVE Digital Technologies Strengthens Global Strategy with New Advisory Appointment