Roth Capital Boosts Hive Digital's Price Target to $7.50 Amid AI Partnership with Bell Canada

Roth Capital boosts Hive Digital's (HIVE) price target from $6 to $7.50 and maintains a Buy rating. The increase follows an exclusive AI Cloud partnership with Bell Canada, positioning HIVE favorably in the high-performance computing and AI sectors. The company's financial health is mixed, with a revenue decline and negative operating margin, but a robust current ratio and low debt-to-equity ratio. HIVE's valuation metrics, including a P/E ratio of 18.86 and P/S ratio of 3.03, are near their three-year highs.

HIVE Digital Technologies Ltd. (NASDAQ: HIVE) has achieved a significant milestone by surpassing 16 EH/s of global Bitcoin mining hashrate, marking another major step toward its ambitious 25 EH/s target by U.S. Thanksgiving. This milestone has doubled the company's daily Bitcoin (BTC) output to over 8 BTC, a significant increase from its May 2025 output [1].

The expansion is primarily driven by the swift rollout of next-generation Bitmain S21+ Hydro miners at its Yguazú facility in Paraguay. Phase 2 of the expansion, which includes over 5 EH/s of capacity, is already operational, with shipments of new rigs arriving weekly. Phase 3, set to begin at the Valenzuela site in September, will further accelerate the company's growth [2].

HIVE's expansion demonstrates the benefits of scale and energy efficiency. The company's latest generation ASICs allow it to improve unit economics by generating more hashrate per joule of energy consumed, realizing additional revenue without additional labor or corporate overhead. With Bitcoin trading around $113,000 per coin and network difficulty set at 129T, HIVE estimates its mining margin after electricity expenses hovers close to 60% [1].

The company's financial health is mixed, with a revenue decline and negative operating margin. However, HIVE's robust current ratio and low debt-to-equity ratio indicate strong liquidity and manageable debt levels. The company's valuation metrics, including a P/E ratio of 18.86 and P/S ratio of 3.03, are near their three-year highs [1].

Roth Capital Partners has recently boosted HIVE's price target from $6 to $7.50, maintaining a Buy rating. The increase follows an exclusive AI Cloud partnership with Bell Canada, positioning HIVE favorably in the high-performance computing and AI sectors [3].

References:
[1] https://api.news.bitcoin.com/wp-json/bcn/v1/post?slug=hives-hashrate-hits-16-eh-s-as-bitcoin-mining-expansion-accelerates
[2] https://www.stocktitan.net/news/HIVE/retransmission-hive-digital-technologies-crosses-16-eh-s-marching-i414kcojrdd4.html
[3] https://www.stocktitan.net/news/HIVE/retransmission-hive-digital-technologies-crosses-16-eh-s-marching-i414kcojrdd4.html