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Bitcoin Miner HIVE Digital Poised to Double Its Hashrate by Next Year; Initiate at 'Overweight:' Cantor Coindesk 29 Oct 2024

Bitcoin Miner HIVE Digital Poised to Double Its Hashrate by Next Year; Initiate at 'Overweight:' Cantor 💹

Bitcoin Cantor Fitzgerald HIVE Digital

HIVE Digital is set to significantly expand its Bitcoin mining capabilities, aiming to double its hashrate by the next year. This ambitious growth plan indicates HIVE's intention to strengthen its position in the cryptocurrency mining industry.

Financial services firm Cantor Fitzgerald initiated coverage of HIVE Digital with an overweight rating. This optimistic assessment reflects Cantor's confidence in HIVE's strategic growth and financial prospects. The broker has also set a price target of $9 for HIVE, underscoring its positive outlook on the company's performance.

Source: www.coindesk.com ↗

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