Analysts Predict 100%+ Upsurge for These 3 Crypto Stocks

Three cryptocurrency-related stocks have earned a 'Strong Buy' consensus rating from analysts and are predicted to surge by over 100% in the next 12 months, according to TipRanks' analysis.

HIVE Digital (HIVE) is a company that operates renewable energy-powered data centers focused on Bitcoin mining, while also expanding its GPU infrastructure business for AI and cloud-computing workloads. Analyst Chris Brendler of Rosenblatt Securities recently raised his price target from $5.5 to $6 on HIVE, indicating 106.9% upside.

Bit Digital (BTBT) is a digital asset platform that has shifted its focus from Bitcoin mining to Ethereum staking and other digital-asset infrastructure. Analyst Mike Colonnese of H.C. Wainwright assumed coverage of BTBT with a Buy rating and $4 price target, implying 179.7% upside.

Bitdeer Technologies (BTDR) is expanding into AI and high-performance computing infrastructure from its Bitcoin mining business. The company recently acquired 200 acres of land in Texas for about $100 million in cash, supporting plans to expand into new markets.