Chardan Initiates HIVE Digital with Fresh Buy Rating on Bitcoin and AI Growth

HIVE Digital Technologies Ltd stocks have been trading up by 3.7% amid bullish sentiment on crypto-related tech growth.

The company has received a fresh Buy rating and $7.50 price target from Chardan, citing upside from its bitcoin mining scale and rapid expansion into AI-focused GPU cloud and colocation services, particularly targeting the Canadian sovereign AI market.

This new rating is above the existing analyst mean of $7.06, reinforcing a broad Buy consensus on HIVE Digital Technologies and strengthening sentiment around the name.