Crypto Stocks on the Rise: Analysts Predict Up to 161.5% Growth
Three cryptocurrency-related stocks have gained attention from analysts for their potential to surge more than 85% in value over the next year. The companies, HIVE Digital (HIVE), Bit Digital (BTBT), and Bitdeer Technologies (BTDR), offer different ways to participate in the industry's growth.
Bit Digital is a digital asset platform focused on Ethereum, shifting its focus from Bitcoin mining toward staking and other digital-asset infrastructure. Analysts have given BTBT a Strong Buy consensus rating, with an average price target indicating 161.5% upside. The company recently acquired H.C. Wainwright analyst Mike Colonnese's Buy rating and $4 price target.
HIVE Digital operates renewable energy-powered data centers used for Bitcoin mining, expanding its GPU infrastructure business to serve AI and cloud-computing workloads. Analysts have given HIVE a Strong Buy consensus rating, with an average price target indicating 124% upside. Rosenblatt Securities analyst Chris Brendler recently reiterated his Buy rating on HIVE, raising his price target from $5.5 to $6.
Bitdeer Technologies is expanding into AI and high-performance computing infrastructure after acquiring 200 acres of land in Texas for about $100 million in cash. Analysts have given BTDR a Strong Buy consensus rating, with an average price target indicating 88.8% upside.