-
Bitcoin mining firm HIVE Digital Technologies (NASDAQ: HIVE) closed out 2025 with strong operational momentum, even as some Wall Street analysts tempered their expectations for the stock.
On Jan. 27, research firm Keefe, Bruyette & Woods reaffirmed a “market perform” rating on HIVE shares, while sharply cutting its price target to $3.50 from a prior $11. The revised target still implies a potential upside of about 15% from the stock’s previous close, but reflects a more cautious view of near-term valuation.
The downgrade stands in contrast to HIVE’s underlying performance, which showed significant year-over-year gains in Bitcoin production despite tougher mining conditions.
Bitcoin output surges despite rising difficulty
HIVE reported that it continued to operate at more than 2% of the global Bitcoin (BTC) network through the end of 2025, underscoring the scale of its mining fleet and the benefits of geographic diversification. In December 2025 alone, the company mined 306 Bitcoin, representing a 197% increase from the same month a year earlier, when it produced 103 BTC. The jump came even as Bitcoin mining difficulty rose roughly 40% year over year.
During the month, HIVE averaged 9.9 BTC per day, supported by an average hashrate of 23.3 exahash per second (EH/s), with peak levels reaching 24 EH/s. Fleet efficiency stood at 17.5 joules per terahash, while production efficiency reached 13.2 BTC per EH/s. For the full calendar year 2025, HIVE mined 2,311 BTC, a 31% increase from 1,770 BTC in 2024, despite the Bitcoin halving and a 46% rise in average annual network difficulty.
Expansion plans and mixed analyst outlook
Looking ahead, HIVE plans to expand its green energy footprint with an additional 100 megawatts of hydroelectric-powered data center capacity at its Yguazú campus in Paraguay, targeting full commissioning in the third quarter of 2026. Once completed, the company expects its renewable capacity to reach roughly 540 MW, spread across Paraguay, Canada, and Sweden.
Analyst sentiment on the stock remains mixed. While firms such as Wall Street Zen and Weiss Ratings have issued sell ratings in recent months, others, including HC Wainwright and Canaccord Genuity, continue to rate HIVE as a buy. According to MarketBeat data, HIVE currently carries a consensus rating of “Moderate Buy,” reflecting the ongoing tension between strong operational execution and investor caution around Bitcoin mining economics. At press time, HIVE was trading 0.33% higher at $3.04.
This article has been published in thestreet.com via Yahoo News.
Analyst reaffirms HIVE outlook as miner posts strong Bitcoin growth
Bitcoin mining firm HIVE Digital Technologies (NASDAQ: HIVE) closed out 2025 with strong operational momentum, even as some Wall Street analysts tempered their expectations for the stock. On Jan. 27, research firm Keefe, Bruyette & Woods reaffirmed a “market perform” rating on HIVE shares, ...
finance.yahoo.com
