10 Oversold Financial Stocks To Buy Right Now

2. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

6-Month Performance: -28.06%

Number of Hedge Fund Holders: 13

Analysts Upside Potential: 312.50%

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is a Canadian cryptocurrency mining company focused on using sustainable green energy. The company has built infrastructure between the digital currency/blockchain sector and traditional capital markets. It owns and operates data center facilities powered predominantly by green energy in Canada, Sweden, and Iceland.

On March 7th, Chris Brendler, an analyst at Rosenblatt, initiated coverage with a Buy rating and a price target of $6. Brendler finds the stock to be one of the more interesting ones in the Bitcoin mining sector, stating that the company is about to enter a period of unprecedented growth due to its three new hydro-powered data centers in Paraguay. He anticipates a fourfold increase in hash rate, a measure of computational power used in mining. The analyst also noted that HIVE Digital Technologies Ltd. (NASDAQ:HIVE) has a solid high-performance computing business that is predicted to grow from $10 million in annual recurring revenue to $100 million as new hardware comes online this year. It is one of the oversold financial stocks to buy right now.