PANews reported on October 29 that according to CoinDesk, broker Cantor released a research report predicting that the computing power of Bitcoin mining company HIVE Digital will double next year, from the current 5.5 EH/s to 13 EH/s. Cantor first covered HIVE stock and gave it an "overweight" rating with a target price of $9. The current stock price is about $4.26, and the market has not yet fully reflected its potential.
In addition, HIVE's expansion plans in the fields of artificial intelligence (AI) and high-performance computing (HPC) are also expected by investors, with the goal of achieving annual revenue of $100 million through its GPU cloud platform HIVE Cloud. Analysts pointed out that this inflection point in computing power growth and the growth prospects of the GPU business may attract more attention.
