HIVE Digital Technologies Ltd (NASDAQ:HIVE) on Thursday reported its fiscal fourth-quarter results.
The announcement came amid an exciting earnings season. Here are some key analyst takeaways.
Rosenblatt Securities On HIVE Digital Technologies
Analyst Chris Brendler maintained a Buy rating, while cutting the price target from $5.50 to $5.
HIVE Digital Technologies reported strong fiscal fourth-quarter results with revenues at $31.2 million, beating estimates of $27.4 million, driven by both its Bitcoin mining and HPC segments, Brendler said in a note. Gross margin expansion to 28% took non-GAAP gross profits to a higher-than-expected $8.8 million, he added.
Although operating expenses were a little higher than expected and drove down adjusted earnings, “We view …