
HIVE Stock Forecast & Price Target
HIVE Analyst Ratings
Bulls say
HIVE Digital Technologies Ltd's financial outlook is strengthened by revised revenue and Adjusted EBITDA estimates for FY27, which are projected to reach $504 million and $189 million, respectively, primarily due to enhanced gross margin assumptions. The company's successful operations in Paraguay have led to a reduced cost per coin and increased mining profitability, as indicated by a gross margin of 49% achieved in the third quarter. Furthermore, the recent acquisition of Bitfarms' development site in Paraguay is expected to facilitate continued gross margin improvement and accelerate the company's growth plans, including the expansion into the AI cloud business.
Bears say
HIVE Digital Technologies faces significant challenges, as a substantial decline in mining profitability is straining liquidity and hindering expansion plans. Additionally, the impact of potential regulatory changes on the demand for cryptocurrencies and the pressures arising from Bitcoin halving could further diminish profitability and overall revenue generation. With a recent adjusted EBITDA of $34.6 million falling short of estimates and a downward revision to future projections, the company's financial outlook appears increasingly precarious amid heightened competition and price volatility.
This aggregate rating is based on analysts' research of Hive Blockchain Technologies Ltd and is not a guaranteed prediction by Public.com or investment advice.
HIVE Analyst Forecast & Price Prediction
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