Roth Capital Raises Hive Digital Price Target to $7.50 on Exclusive AI Cloud Partnership with Bell Canada

Roth Capital raised its price target on Hive Digital to $7.50 from $6 and maintained a Buy rating. The analyst cites the company's exclusive AI Cloud partnership with Bell Canada, which enhances its credibility in high-performance compute/AI, supports its target of $100M AIC annual recurring revenue by 2026-end, and diversifies its business beyond bitcoin mining.

Roth Capital has recently increased its price target for HIVE Digital Technologies (HIVE) to $7.50, up from $6.00, while maintaining a "Buy" rating. The analyst, Darren Aftahi, cited the company's strategic partnership with Bell Canada for its AI Cloud infrastructure as a key factor in the price target revision [1].

The partnership aims to enhance HIVE's credibility in high-performance computing and AI, supporting its target of achieving $100M in AI Cloud annual recurring revenue by the end of 2026. This diversification beyond bitcoin mining is seen as a significant growth driver for the company.

HIVE's expansion into AI cloud computing is part of a broader strategy that includes its ongoing efforts to increase its Bitcoin mining capacity. The company has already surpassed 16 Exahash per second (EH/s) of global Bitcoin mining hashrate and is on track to reach 25 EH/s by U.S. Thanksgiving, which would significantly boost its daily Bitcoin output [2].

Analysts have been closely monitoring HIVE's progress, with varying price target adjustments reflecting their assessments of the company's market position and growth prospects. For example, Canaccord Genuity raised its price target from $9.00 to $10.00 in August 2025, while HC Wainwright & Co. lowered its target from $9.00 to $6.00 in June 2025 [1].

The average one-year price target for HIVE, based on analyst forecasts, is $7.86, with a consensus brokerage recommendation of "Outperform" [1]. Despite these positive indicators, GuruFocus estimates a GF Value of $1.60 for HIVE in one year, suggesting a potential downside of 41.19% from the current price of $2.7204 [1].

In conclusion, Roth Capital's revised price target for HIVE reflects the company's strategic advancements in AI cloud computing and its continued expansion in Bitcoin mining. While the stock's performance is influenced by various factors, the recent developments and analyst ratings suggest a positive outlook for HIVE Digital Technologies.

References:

[1] https://www.gurufocus.com/news/3080254/roth-capital-raises-hive-price-target-by-25-to-750-hive-stock-news
[2] https://www.marketscreener.com/news/hive-digital-technologies-crosses-16-eh-s-marching-toward-25-eh-s-as-expansion-in-paraguay-powers-f-ce7c50d8d880f32c