- Canaccord Genuity analyst Joseph Vafi initiated coverage of HIVE Blockchain Technologies Ltd HIVE with a Buy rating and a $2.80 price target, suggesting an upside of 27%.
- Digital assets, especially Bitcoin and Ethereum, successfully exited another test of their resiliency in the face of recent market volatility.
- Vafi expects miners to benefit if bitcoin prices retrace higher.
- In February, HIVE reported third-quarter results, with revenue from digital currency mining of $68.2 million, increasing 397% Y/Y.
- Price Action: HIVE shares traded higher by 1.38% at $2.20 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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