Frank Holmes (FH), chairman of Bitocin miner HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE), recently joined Proactive’s Steve Darling (SD) to discuss the company’s strategic advancements and outlook amidst evolving market dynamics.
Holmes touched on an increase in price target from Stifel analysts from $6.50 to $9 and reiterated ‘speculative buy’ rating.
This came after several significant updates from HIVE, such as the purchase of new generation ASIC and GPU hardware, the acquisition of a 6 MW data center in Sweden, and the completion of a C$28.75 million financing.
SD: Frank, how do you perceive the recent price target increase and ‘Speculative Buy’ rating from Stifel?
FH: It’s quite affirming. Stifel’s global reach and expertise highlight our efficiency and strategic positioning. The new price target reflects our low G&A per Bitcoin mined and our anticipation for the ‘Great Halvening,’ underscoring our edge in…
