Alight Capital Management LP Acquires New Shares in HIVE Digital Technologies Ltd. $HIVE

Alight Capital Management LP bought a new stake in HIVE Digital Technologies Ltd. (NASDAQ:HIVE) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 325,000 shares of the company’s stock, valued at approximately $1,310,000. Alight Capital Management LP owned about 0.14% of HIVE Digital Technologies as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Two Sigma Investments LP bought a new stake in shares of HIVE Digital Technologies during the third quarter worth $17,584,000. Chesapeake Capital Corp IL bought a new position in shares of HIVE Digital Technologies in the 3rd quarter valued at $117,000. Landscape Capital Management L.L.C. bought a new position in shares of HIVE Digital Technologies in the 3rd quarter valued at $1,115,000. Van ECK Associates Corp acquired a new stake in shares of HIVE Digital Technologies during the 3rd quarter valued at $820,000. Finally, Private Advisor Group LLC grew its position in HIVE Digital Technologies by 58.1% during the 3rd quarter. Private Advisor Group LLC now owns 27,675 shares of the company’s stock worth $112,000 after acquiring an additional 10,175 shares during the last quarter. Institutional investors and hedge funds own 24.42% of the company’s stock.

HIVE Digital Technologies Stock Up 2.4%

Shares of NASDAQ:HIVE opened at $2.13 on Friday. HIVE Digital Technologies Ltd. has a 1 year low of $1.26 and a 1 year high of $7.84. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.74 and a quick ratio of 1.74. The business’s 50-day moving average is $2.58 and its 200-day moving average is $3.47. The company has a market capitalization of $543.04 million, a price-to-earnings ratio of -3.55 and a beta of 3.61.

Wall Street Analysts Forecast Growth

HIVE has been the subject of a number of recent research reports. Rosenblatt Securities lowered their target price on HIVE Digital Technologies from $6.50 to $4.50 and set a “buy” rating for the company in a report on Wednesday, February 18th. Wall Street Zen cut HIVE Digital Technologies from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. B. Riley Financial lowered their price objective on HIVE Digital Technologies from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Northland Securities set a $6.00 price objective on shares of HIVE Digital Technologies in a report on Wednesday, February 18th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a $10.00 target price on shares of HIVE Digital Technologies in a research report on Friday, November 21st. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.39.

About HIVE Digital Technologies

HIVE Digital Technologies Ltd is a publicly traded blockchain infrastructure company that specializes in the mining of digital assets such as Bitcoin and Ethereum. Using high-performance GPU and ASIC hardware, HIVE deploys proprietary mining rigs across multiple data centers to validate transactions on major blockchain networks. The company’s operations are designed to maximize hashing power while maintaining efficiency and uptime, enabling it to build and hold a portfolio of mined cryptocurrencies.

Headquartered in Vancouver, British Columbia, HIVE Digital operates data center facilities in North America and Europe, including Canada, Sweden and Iceland.