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Bitcoin Miner HIVE Poised to Double Its Hashrate by Next Year, Cantor Says Initiating Stock at 'Overweight'

The broker said the miner's growth isn't priced-in and initiated coverage of the miner with $9 price target.

Alta Novella's turbine room with 40 ASIC bitcoin miners.
Bitcoin miner HIVE Digital expected to double its hashrate in coming year, initiate at overweight: Cantor. (Sandali Handagama/CoinDesk)