HIVE Digital Technologies (HIVE, Financial) has successfully finalized the first phase of development at its Yguazu facility in Paraguay. This phase involves the construction and energization of a 100 megawatt air-cooled data center, supported by a fully operational 200 MW substation. This crucial step enables the facility to accommodate up to 5 exahash per second of advanced ASIC miners.
Currently, HIVE is running 200 petahashes of hashrate at the Yguazu site through its proprietary BUZZ Miners. The company plans to expand operations significantly with a total of 8,000 BUZZ Miners scheduled to be active by the end of April.
To spearhead the expansion efforts in the region, HIVE has appointed Carlos Anibal Torres as the new Paraguay Operations & Project Manager, reflecting their commitment to expanding their footprint in the area.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for HIVE Digital Technologies Ltd (HIVE, Financial) is $7.79 with a high estimate of $11.00 and a low estimate of $4.00. The average target implies an upside of 422.53% from the current price of $1.49. More detailed estimate data can be found on the HIVE Digital Technologies Ltd (HIVE) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, HIVE Digital Technologies Ltd's (HIVE, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for HIVE Digital Technologies Ltd (HIVE, Financial) in one year is $2.53, suggesting a upside of 69.8% from the current price of $1.49. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the HIVE Digital Technologies Ltd (HIVE) Summary page.
