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.
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Read More on HIVE:
- Hive Digital initiated with a Buy at Roth MKM
- HIVE Digital Technologies Secures Shareholder Approval for Key Resolutions at Annual Meeting
- HIVE Digital Technologies Secures Shareholder Approval
- HIVE Digital Technologies Plans Major Expansion with Bitmain S21+ Acquisition
- Hive Digital announces 103 bitcoin produced in November
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