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Crypto

Chardan Hails HIVE as Bitcoin and AI Infrastructure Play

Guavy AI Editorial Team
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BTC HIVE
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HIVE Digital Technologies Ltd's stock has surged by 14.31% due to bullish sentiment in the cryptocurrency market.

Chardan started coverage on HIVE with a Buy rating and a $7.50 price target, citing its bitcoin mining scale and expansion into AI-focused GPU cloud and colocation services.

The company is pushing into the Canadian sovereign AI market by layering AI infrastructure on top of its existing data center footprint.

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