12 Best Bitcoin Stocks To Buy According To Billionaires

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

Number of Billionaire Investors: 5

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is among the best Bitcoin stocks to buy. It mines and sells digital currencies, operating data centers in Canada, Sweden, and Iceland for cryptocurrency mining, including Bitcoin. On March 11, Cantor Fitzgerald maintained its Overweight rating on the stock, while lowering its price target from $10 to $8. The target price still suggests an upside of 359.77% from its current level.

In the third quarter of fiscal year 2025, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) reported $29 million in revenue, with a gross operating margin of $6.1 million. Adjusted EBITDA came in at $17.3 million. This was fueled by the production of 322 bitcoin equivalents. By the end of the quarter, HIVE held 2,805 bitcoins on its balance sheet, which were mined using clean, renewable energy, completely unencumbered and debt-free. As of December 31, 2024, the company had $9.8 million in cash and $260.8 million in digital assets, reflecting a strong increase from the previous quarter due to higher HODL balances and rising bitcoin prices.

On March 17, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) announced the appointment of Gabriel Lamas as Country President for Paraguay. In this role, he will oversee the company’s operations and expansion in the region, strengthening its leadership in high-performance computing and sustainable, energy-efficient data centers. Lamas has over two decades of experience in infrastructure, operations, and large-scale energy projects.

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