HIVE Digital Technologies Ltd.: Canaccord Sees an Attractive Valuation With Around 315% Upside Potential!

HIVE Digital Technologies (HIVE) presented its Q1 report on August 15. Accordingly, a record revenue of $45.6 million was achieved. This success was driven by a 45% increase in average hashrate compared to the previous quarter and strong performances in both Bitcoin mining and high-performance computing (HPC). The company also achieved records in net income and adjusted EBITDA, which amounted to $44.6 million. Revenue from digital currency mining increased sequentially by 44.9% to $40.8 million, attributed to higher average hashrate and slightly...