HIVE Digital: Great Seasonality And A Bullish Chart Setup
Summary
- HIVE's price has dropped, but the value proposition is now even stronger with a bullish technical setup and clear line in the sand.
- Seasonality is favorable for HIVE in June and July, and revenue/earnings estimates have improved significantly since January.
- HIVE's mining capacity and efficiency are set to surge, with major growth expected in both Bitcoin mining and HPC/AI segments.
- Valuation is extremely attractive on both price-to-sales and tangible book value, supporting my reiterated strong buy rating.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in HIVE over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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