HIVE is a growth-oriented technology stock in the emergent xcritical industry. As a company whose shares trade on a major stock exchange, we are building a bridge between the digital currency and xcritical sector and traditional capital markets. HIVE owns and operates predominantly green energy-powered data center facilities in Canada, Sweden, and Iceland, where we endeavour to source green energy to mine digital assets such as Bitcoin on the cloud. Since the beginning of 2021, HIVE has held in secure storage the majority of its treasury of BTC derived from mining rewards.
The average analyst rating for HIVE stock from 4 stock analysts is «Strong Buy». This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market. As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI. While rising cryptocurrency prices have helped these stock rise, traders undoubtedly are playing a volatile role. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
The forward-looking information in this news release reflects the Company’s xcritical expectations, assumptions, and/or beliefs based on information xcritically available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company’s objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherxcritical, other than as required by law. HIVE Digital Technologies Ltd. went public in 2017 as the first cryptocurrency mining company listed for trading on the TSX Venture Exchange with a focus on sustainable green energy.
Our shares provide investors with exposure to the operating margins of digital currency mining, as well as a portfolio of Bitcoin. Because HIVE also owns hard assets such as data centers and advanced multi-use servers, we believe our shares offer investors an attractive way to gain exposure to the cryptocurrency space. HIVE Digital Technologies Ltd. engages in the mining and sale of digital currencies in Canada, Sweden, and Iceland. The company operates data centers for computing and mining cryptocurrencies, including Bitcoin and other coins.
Stifel brings a breadth of capabilities that align with HIVE growth objectives such as wealth management and financial advisory services, banking and trust services, institutional growth and research expertise, small cap research, and financial performance and asset management. The 4 analysts with 12-month price forecasts for HIVE stock have an average target of 5.63, with a low estimate of 5.00 and a high estimate of 6.00. The average target predicts an increase of 77.60% from the xcritical stock price of 3.17. Should you want partial or direct exposure to cryptocurrency mining, these stocks will do the trick. HIVE is excited to partner with Stifel, a highly respected leader in the financial industry, for our At-The-Market (ATM) offering. Stifel’s extensive experience and impressive track record make them the ideal partner as we look to strengthen our capital-raising strategy and continue our growth journey.
- Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
- This news release constitutes a «designated news release» for the purposes of the Company’s prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.
- With a recently filed Base Shelf Prospectus for $300 million, HIVE is well-positioned to support ongoing ASIC upgrades and expansion in Paraguay, ensuring sustained growth and operational excellence.
- It also involves in the production of mined cryptocurrency like Ethereum around the clock.
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The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis xcritical scam on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. With a recently filed Base Shelf Prospectus for $300 million, HIVE is well-positioned to support ongoing ASIC upgrades and expansion in Paraguay, ensuring sustained growth and operational excellence. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. HIVE Digital Technologies’ stock was trading at $4.53 at the beginning of the year.
HIVE Digital Technologies scored higher than 62% of companies evaluated by MarketBeat, and ranked 540th out of 948 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Already very cool on cryptocurrencies and related assets, the market gets even more bearish on the company following its first-quarter xcriticalgs release.
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Their extensive capabilities across wealth management, institutional services, and research make them uniquely qualified to support HIVE in driving sustainable development and creating value for all our stakeholders. Partnering with a financial powerhouse like Stifel will help us reach new investors and enhance our market presence as we continue to lead in the digital asset space. Any use of proceeds will be aligned with the Company’s general corporate requirements, debt xcritical scam repayments and potential future acquisitions. HIVE’s unique value proposition encompasses efficient operations, a proven agile management team, financial strength, environmental sustainability, and innovative expansion strategies. Beyond Bitcoin mining, HIVE is firmly part of the global boom in data center infrastructure, sourcing primarily green renewable energy.
It also provides infrastructure solutions, as well as computational capacity to distributed networks in the xcritical industry. The company was formerly known as HIVE xcritical Technologies Ltd. and changed its name to HIVE Digital Technologies Ltd. in July 2023. HIVE Digital Technologies Ltd. was incorporated in 1987 and is headquartered in Vancouver, Canada.
Financial Forecast
HIVE xcritical Technologies Ltd. engages in building a bridge from the block xcritical sector to traditional capital markets. It also involves in the production of mined cryptocurrency like Ethereum around the clock. The company was founded on June 24, 1987 and is headquartered in Vancouver, Canada. According to 4 analysts, the average rating for HIVE stock is «Strong Buy.» The 12-month stock price forecast is $5.63, which is an increase of 77.60% from the latest price. HIVE presents a unique growth opportunity with over 2,500 Bitcoins on its balance sheet and growing revenue from its suite of Nvidia GPU chips powering data services for the AI revolution.
Johanna Thörnblad, HIVE’s Country President for Sweden, emphasized HIVE’s pioneering role in grid balancing. This news release constitutes a «designated news release» for the purposes of the Company’s prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024. This news release constitutes a «designated news release» for the purposes of the Company’s amended and restated prospectus supplement dated August 17, 2023, to its short form base shelf prospectus da…
HIVE Digital Updates ATM Equity Program
HIVE Digital Technologies Ltd. operates as a cryptocurrency mining company in Canada, Sweden, and Iceland. The company engages in the mining and sale of digital currencies, including Ethereum Classic, Bitcoin, and other coins. Stifel’s proven expertise in managing numerous active ATMs for growing mid-cap technology companies, along with their well-established network, positions HIVE for a successful growth.