
HIVE Stock Forecast & Price Target
HIVE Analyst Ratings
Bulls say
HIVE Digital Technologies Ltd has achieved significant advancements in its operational metrics, with an average hashrate increase from 16.3 EH/s in August to 19.4 EH/s in September, indicating a robust expansion in mining capability. Furthermore, the company demonstrated a strong performance in its first quarter, mining 406 BTC, reflecting a sequential increase of 34%, and an impressive year-over-year growth of 138% in September alone. Additionally, the ongoing development of the GPU cloud business (BUZZ HPC) is expected to enhance the company's overall profitability and create potential upward revaluation in the market, while improving fleet efficiency further supports HIVE's positive outlook.
Bears say
HIVE Digital Technologies faces significant revenue risks primarily due to the volatility of Bitcoin (BTC) prices, as any decline in spot prices could directly decrease revenue despite stable mining output. Additionally, the economics of Bitcoin mining may become increasingly unfavorable if the marginal costs of mining rise more rapidly than Bitcoin prices, leading to reduced profitability. Furthermore, potential regulatory pressures and heightened competition within the mining sector introduce additional uncertainties that could further strain HIVE's financial performance.
This aggregate rating is based on analysts' research of Hive Blockchain Technologies Ltd and is not a guaranteed prediction by Public.com or investment advice.
HIVE Analyst Forecast & Price Prediction
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