HIVE Claims Its Value Should Be $20 — And A Billionaire Has Just Invested
HIVE's Valuation Argument: HIVE Digital Technologies Ltd's executive chairman, Frank Holmes, claims the company's stock should be valued at $20 based on comparisons to other data-center operators, suggesting a potential upside of over 460% from its current price of around $3.52.
Shift to AI Infrastructure: Holmes emphasized that HIVE is transitioning from being solely a Bitcoin miner to a significant player in high-performance AI infrastructure, with plans to expand its AI cloud capabilities fivefold in the coming year.
Investor Interest: Notable billionaire investor Steven Cohen has initiated a long position in HIVE, indicating confidence in the company's potential, while other hedge fund managers have also shown interest in the stock.
Market Challenge: Holmes' assertion challenges the market to reassess HIVE's valuation, positioning it as either a Bitcoin miner or an AI data-center builder, with the hope that the company's strategic shift will align its market value with its growth potential.
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Technical Analysis for HIVE
Technical Sentiment Analysis for Hive (HIVE) As of , Hive (HIVE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for HIVE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, HIVE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Hive (HIVE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0329 | 0.047 | 0.0616 | 0.0757 | 0.0903 | 0.104 | 0.119 |
| Fibonacci | 0.047 | 0.058 | 0.0647 | 0.0757 | 0.0867 | 0.0934 | 0.104 |
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