Equity

Hive

Bitcoin

Resistance

April

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The company announced its global Bitcoin operations for the 2023 calendar year.&nbsp;</a> </li> 
 <li> <span>2</span> <a>StockNews(dot)com has upgraded to a “sell” rating for the HIVE stock price.</a> </li> 
</ul> 
<p><a href="https://www.thecoinrepublic.com/2024/01/08/curve-finance-launched-enhanced-liquidity-pool-on-arbitrum/" target="_blank" rel="noreferrer noopener">HIVE Digital Technologies</a> Ltd. (NASDAQ: HIVE) is back in the news headlines as it announces its Recap of calendar year 2023.&nbsp;</p> 
<p>One of the major news in the press was the mined bitcoins which spiked the confidence of the crypto believers. However, there was no significant increase in the HIVE stock price, as it moved almost nil after this news broke out.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-hive-digital-bitcoin-news-strong"><strong>Hive Digital Bitcoin News</strong></h2> 
<p>The company announced its global Bitcoin operations for the 2023 calendar year in which the production showed a sum of 3,260 Bitcoin mined.</p> 
<p>The average Bitcoin mining capacity of 3.95 exahash hash rate was maintained by the company in December 2023, as announced on Friday. HIVE produced an average of 9.1 BTC per day in December, which amounts to approximately 1% of the global network’s total production.&nbsp;</p> 
<p>HIVE intends to hold all its bitcoin until the upcoming Halving, which is expected to take place in April 2024, following which the number of new bitcoin mined per day will decrease to 450.</p> 
<p>HIVE has received all 9,800 Bitmain S19k Pro Antminers it ordered, with 70% already installed and the remainder expected to be installed by January 2024 end. After installation, HIVE will have 4.8 EH/s of ASICs with an average fleet efficiency of 28.7 J/TH.</p> 
<p>Additionally, HIVE ordered 7,000 Bitmain S21 Antminers in December 2023, with installation expected to begin in January 2024 and conclude by June 2024. After installation, HIVE is expected to have an average fleet efficiency of 25 J/TH and a total of 5.6 EH/s of active mining capacity.</p> 
<h3 class="wp-block-heading" id="strong-equity-analysts-ratings-on-hive-digital-strong"><strong>Equity Analysts Ratings on Hive Digital.</strong></h3> 
<p>StockNews.com has recently upgraded to a “sell” rating for HIVE stock, as per their latest research report published on Saturday. Other analysts have also shared their opinions on this stock recently. Canaccord Genuity Group lowered their price target for HIVE Digital Technologies from $7.00 to $6.00 and gave a “buy” rating in mid-November.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-hive-stock-price-strong"><strong>HIVE Stock Price</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1600" height="750" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-171.png" alt="Hive Digital Technology: 2023 Recap, Analyst Ratings &amp; Stock Move" class="wp-image-187485" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-171.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-171-300x141.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-171-1024x480.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-171-768x360.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-171-1536x720.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-171-750x352.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-171-1140x534.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   <a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=TSXV%3AHIVE">HIVE/USDT</a> chart by TradingView (Daily time frame)
  </figcaption>
 </figure>
</div> 
<p>The HIVE stock price has shown no reaction to the current news release by the company. The current support levels for the HIVE stock are at $3.5 and $2.82, while the resistance levels are at $4.49 and $5.68. The current scenario suggests neutral activity in the upcoming days.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>HIVE announced mining 3,260 Bitcoin in 2023, but it didn’t affect the stock price. StockNews(dot)com downgraded HIVE to “sell” and other analysts shared similar opinions.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $3.5 and $2.82</li> 
 <li><strong>Resistance Levels:</strong> $4.49 and $5.68</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.</p>

Hive Digital Technology: 2023 Recap, Analyst Ratings & Stock Move

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