On June 8, HIVE Digital Technologies rose 8.49% in regular trading, trading at $4.07/share, with trading volume of $34.48 million.

On the news front, the company recently reported fourth-quarter earnings that significantly exceeded expectations, while an investment bank raised its price target, jointly boosting market sentiment. Specifically, HIVE posted Q4 earnings per share of $0.02, dramatically beating the analyst consensus estimate of a $0.22 loss, representing a swing to profitability compared to a loss of $0.34 per share in the year-ago period. However, revenue came in at $71.82 million, slightly below the expected $78.92 million. Additionally, B.Riley raised its price target on the stock from $5 to $8, maintaining a Buy rating. The combination of the earnings beat and the bullish analyst signal created a resonance effect, driving continued upward momentum in the share price.

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