Analysts Upgrade HIVE Blockchain Stock
H.C. Wainwright & Co. analysts believe that HIVE Blockchain’s stock is now valuable due to their advancements in AI and high-volume computing. The stock has received an upgraded rating from “Neutral” to “Buy,” with a price target raised to $5 from $4.
HIVE Blockchain Technologies’ Promising Outlook
HIVE Blockchain Technologies is showing promise in the high-performance computing (HPC) and AI sectors. Despite a recent 40% decline in stock price, analysts believe the potential in these sectors is driving the positive outlook.
HIVE’s Strategic AI Ventures
The upgrade reflects confidence in HIVE’s strategy to expand its HPC/AI business, aiming to double annual revenues and reach $100 million by 2025. Plans to convert BTC mining infrastructure into data centers and solid financial results indicate growth potential.
HIVE’s Expansion in Paraguay
HIVE’s newest 100 MW site in Paraguay is expected to boost total capacity by Q3 2025. While growth opportunities are apparent, analysts caution against risks including BTC price volatility and network difficulties.
