HIVE Digital Technologies (HIVE) Stock Rallies Over 50% on AI Gigafactory News
The post HIVE Digital Technologies (HIVE) Stock Rallies Over 50% on AI Gigafactory News appeared on BitcoinEthereumNews.com. Key Takeaways Situational Awareness LP, managed by Leopold Aschenbrenner, disclosed a fresh stake in HIVE during Q1 2026, acquiring approximately 3.4 million shares. BUZZ HPC, a HIVE subsidiary, revealed plans on May 18 for a 320 MW AI “gigafactory” located in the Greater Toronto Area, supported by a $58M land purchase and estimated CAD $3.5B in total capital needs. Shares jumped 34% on announcement day and eventually rose more than 50% from April’s lows to approximately $4.10. Cantor Fitzgerald upgraded its price target to $4.60 from $3 while maintaining an Overweight rating; Northland Securities initiated coverage with a Buy rating. Consensus among eight analysts stands at Strong Buy, with an average price target of $6.75—representing approximately 51% potential upside from current trading levels; the street-high target reaches $10. HIVE Digital Technologies (H