HIVE Digital, a bitcoin miner, is expected to double its hashrate to 13 EH/s next year from 5.5 EH/s today, according to research published by Cantor, a brokerage. Cantor, which has a "overweight" rating on HIVE shares for the first time, has a target price of $9. The current share price is about $4.26, and the market has not yet fully reflected its potential.
In addition, HIVE's expansion plans in artificial intelligence (AI) and high-performance computing (HPC) have also excited investors, with the goal of achieving $100 million in annual revenue through its GPU cloud platform, HIVE Cloud. Analysts point out that this inflection point in computing power growth and the growth prospects of the GPU business may attract more attention.
Cantor gives bitcoin miner HIVE an "overweight" rating and sets its price target at $9
2024-10-29 16:23:12
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