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To own HIVE Digital Technologies, you have to believe that its blend of renewable-powered Bitcoin mining and emerging AI infrastructure can justify ongoing dilution, earnings volatility and a very choppy share price. The latest Paraguay ramp to 25 exahash and the Colombian listing sharpen that thesis by boosting scale, geographic reach and access to capital, which could support the revenue growth that earlier forecasts were already implying. At the same time, recent quarterly results show that profitability can swing sharply, and consensus still points to steep earnings declines ahead, so the short term story hinges on whether record Bitcoin output and higher-margin AI and HPC revenue can offset rising network difficulty, power costs and equity issuance. If those levers misfire, recent price weakness suggests the downside can be painful.
However, one risk in particular could matter more than all the growth headlines. Our comprehensive valuation report raises the possibility that HIVE Digital Technologies is priced higher than what may be justified by its financials.Explore 10 other fair value estimates on HIVE Digital Technologies - why the stock might be worth 10% less than the current price!
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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