Roth MKM starts Hive Digital at Buy as ‘growing and transitional’ opportunity

As previously reported yesterday, Roth MKM analyst Darren Aftahi initiated coverage of Hive Digital (HIVE) with a Buy rating and $7.50 price target The stock represents a growing and transitional investment opportunity in the digital infrastructure sector, the analyst tells investors in a research note. Hive’s diversification into and further scaling of its AI Cloud business, along with more than a doubling of its bitcoin EH/s going forward and the abundant energy capacity for expansion, offers “significant value creation opportunity” for the company and its shareholders, the firm added.