
HIVE Stock Forecast & Price Target
HIVE Analyst Ratings
Bulls say
HIVE Digital Technologies has demonstrated significant growth in its operational metrics, achieving an average hashrate of 19.4 EH/s, which marks an increase from 16.3 EH/s the previous month, alongside a notable yield of 406 BTC mined in FQ1, representing a 34% sequential rise. The company also reported a 138% year-over-year increase in BTC production for September, averaging approximately 9 BTC per day. Further, the ramp-up of HIVE's GPU cloud business is expected to positively influence its profitability, while improvements in fleet efficiency, now at 18 J/TH, position the company favorably in the competitive blockchain landscape.
Bears say
HIVE Digital Technologies faces significant risks that contribute to a negative outlook on its stock, primarily due to the inherent volatility in Bitcoin spot prices which directly impacts revenue generation. The company's profitability may decline if the marginal costs of Bitcoin mining rise faster than Bitcoin price gains, thereby making mining less economically viable. Additionally, regulatory uncertainties, increased mining competition, and potential liability issues pose further threats to HIVE's financial stability and growth prospects within the blockchain infrastructure market.
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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