13 Crypto Stocks with the Highest Upside Potential

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3. Hive Digital Technologies Ltd. (NASDAQ:HIVE)

Analyst Upside: 215.79%

Number of Hedge Fund Holders: 7

Hive Digital Technologies Ltd. (NASDAQ:HIVE) is one of the 13 Crypto Stocks with the Highest Upside Potential. In a report released on June 6, Brett Knoblauch from Cantor Fitzgerald maintained a Buy rating on Hive Digital Technologies Ltd. (NASDAQ:HIVE) with a price target of $5.00.

The same day, the company announced a significant operational milestone, stating that it surpassed 10 exahash per second (EH/s) in global Bitcoin mining capacity, up from 6 EH/s at the end of the March quarter. Hive Digital Technologies Ltd. (NASDAQ:HIVE) also announced that its peak hash rate rose 58% month-over-month from 6.6 EH/s in April to 10.4 EH/s in May.

This rapid scaling was attributed to the successful energization of the company’s 100 MW hydro-powered facility located in Paraguay. The milestone supports Hive Digital Technologies Ltd.’s (NASDAQ:HIVE) global position as a leading energy-efficient and fast-growing Bitcoin miner. It mined 139 Bitcoin in May, averaging 4.5 BTC per day with an average mining efficiency of 8.5 EH/s that attained a peak of 10.4 EH/s.

Based in Canada, Hive Digital Technologies Ltd. (NASDAQ:HIVE) is a cryptocurrency mining company focused on sustainable green energy. It operates green energy-powered data center facilities in Iceland, Sweden, and Canada.

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