
HIVE Stock Forecast & Price Target
HIVE Analyst Ratings
Bulls say
HIVE Digital Technologies Ltd recorded a significant increase in Bitcoin mining, with 406 BTC mined in FQ1, marking a 34% sequential growth. The company's average hashrate surged from 5.9 EH/s in FQ4 to 8.7 EH/s in FQ1, representing a 44% quarter-over-quarter increase and positioning it close to 25 EH/s. Additionally, the company's high-performance computing (HPC) revenue has reached approximately $20 million in annual recurring revenue (ARR), showcasing strong execution and growth potential within its infrastructure solutions.
Bears say
HIVE Digital Technologies faces significant industry-level and company-specific risks that contribute to a negative outlook on its stock. Notable challenges include the inherent volatility in the spot prices of digital assets, ongoing regulatory scrutiny, and the increasing mining difficulty, which could impact operational profitability. Additionally, external factors such as social media influences on asset prices and the anticipated bitcoin halving event in 2024 further complicate the investment landscape for the company.
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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