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Banking & Finance

HIVE Stock Draws Fresh Buy Rating On AI And Bitcoin Push

·15 Aug
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HIVE Digital Technologies Ltd (HIVE) has received a new "Buy" rating and a $7.50 price target from Chardan, driven by its bitcoin mining operations and expanding AI-focused GPU cloud and colocation services, especially within the Canadian sovereign AI market. This new target is above the current analyst mean, signaling growing confidence despite the company's current financial losses. Traders are watching HIVE as it transforms into a dual-engine business, blending crypto and AI infrastructure.

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