Cantor gives Bitcoin mining company HIVE an "overweight" rating and sets a price target of $9

Odaily Planet Daily Report: Broker Cantor has released a research report, forecasting that the computing power of bitcoin miner HIVE Digital will double next year, from the current 5.5 EH/s to 13 EH/s. Cantor has initiated coverage on HIVE's stock with an "overweight" rating and a target price of $9, while the current stock price is around $4.26, as the market has not fully reflected its potential. In addition, HIVE's expansion plans in the field of artificial intelligence (AI) and high-performance computing (HPC) are also attracting investor expectations, with the goal of achieving annual revenue of $100 million through its GPU cloud platform HIVE Cloud. The analyst pointed out that this computing power growth inflection point and the growth prospects of the GPU business may attract more attention.