12 Best Cryptocurrency Stocks to Buy According to Wall Street

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

Average Upside Potential: 12.99%

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is a leader in sustainable data center infrastructure for the Bitcoin ecosystem. It operates green-energy-powered data centers in Canada, Sweden, and Iceland. The firm currently holds over 2,600 Bitcoin on its balance sheet. By combining its expertise in data center operations with Bitcoin mining, the firm is enabling the advancement of Web3, AI, and HPC by actively participating in the decentralized digital economy.

HIVE made history in 2017 as the first cryptocurrency mining company to go public in Canada. It is truly ahead by being one of the first to develop its own ASIC mining rig, to buy data centers, to be green energy focused, to balance the electric grid, and to have an AI strategy. Among peers, HIVE topped the BTC mined per average active hashrate, as of June 2024. The hashrate growth profile for the firm remains strong as it has begun construction of its new 100 MW facility in Paraguay, an expansion aligning with its strategic goal to capture 2% of global Bitcoin mining capacity.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) has industry-leading expertise in building, maintaining, and operating efficient digital infrastructure alongside operations positioned in cool and politically stable jurisdictions such as Canada, Sweden, and Iceland. At the same time, the firm remains well-positioned to support the fast-growing AI and HPC markets considering its fleet of thousands of high-end industrial GPUs.

Thus, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is pioneering the digital transformation through bitcoin mining and AI solutions. As of November 12, the average upside potential for the stock stands at 12.99%.

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