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Chardan Initiates Coverage of HIVE Digital with Bullish Rating and $7.50 Target

Guavy AI Editorial Team
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HIVE Digital Technologies Ltd stocks have seen a 12.29% increase following news of its expanded Bitcoin mining capacity.

Chardan initiated coverage with a Buy rating and a $7.50 price target, citing upside from HIVE's bitcoin mining scale and rapid expansion into AI-focused GPU cloud and colocation services, particularly targeting the Canadian sovereign AI market.

The company has been trading under its analyst mean of $7.06, but this new rating edges above it, reinforcing a growing wall of bullish research coverage around HIVE.

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