HIVE Rises Ahead of Memorial Day Test
HIVE Digital Technologies shares surged 51% on Nasdaq last week, closing Friday at $4.07 after announcing plans for a C$3.5 billion AI data center near Toronto. Cantor Fitzgerald raised its price target to $4.60. U.S. markets are closed Monday for Memorial Day; HIVE traded near C$5.78 on the Toronto Stock Exchange. The planned facility would use over 100,000 GPUs and is set to open in 2027.