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HIVE Digital Technologies ( (TSE:HIVE) ) has shared an update.
HIVE Digital Technologies announced on May 15, 2025, that it has surpassed 8.0 Exahash per second (EH/s) of global Bitcoin mining hashrate, driven by the energization of its first 100 MW hydro-powered facility in Paraguay. The company aims to reach 11.5 EH/s by June 2025 and has secured ASIC orders to expand to 25 EH/s by Q4 2025. This growth is part of HIVE’s strategy to scale operations using green energy, enhancing its market position and shareholder value. The company has also strategically used its Bitcoin treasury to fund this expansion without significant cash outlay, taking advantage of market conditions to secure future growth.
The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$7.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.
Spark’s Take on TSE:HIVE Stock
According to Spark, TipRanks’ AI Analyst, TSE:HIVE is a Neutral.
HIVE Digital Technologies is facing significant financial difficulties, with negative earnings and cash flow issues being primary concerns. Despite these challenges, strategic expansions and growth plans, particularly in Paraguay, offer potential for improvement. Technical analysis shows bearish trends, and valuation remains a concern due to ongoing losses. While growth initiatives provide some optimism, investors should remain cautious.
To see Spark’s full report on TSE:HIVE stock, click here.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd. is a pioneering technology company focused on sustainable blockchain and AI infrastructure powered by green energy. As the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017, HIVE has established itself as a global leader in digital asset mining and AI computing, with operations in Canada, Sweden, and Paraguay.
YTD Price Performance: -34.99%
Average Trading Volume: 876,454
Technical Sentiment Signal: Sell
Current Market Cap: C$455.3M
For a thorough assessment of HIVE stock, go to TipRanks’ Stock Analysis page.
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