On June 18, HIVE Digital Technologies rose 10.85% in regular trading, trading at $4.21/share, with turnover of $42.60 million.

On the news front, the company's subsidiary Buzz High Performance Computing announced an AI infrastructure collaboration with Bell Canada, Cohere, and Hypertec, aimed at building R&D tools for AI models using Canadian domestic infrastructure. The project integrates Bell AI Fabric's data center and connectivity infrastructure, Cohere's AI capabilities, and Buzz's NVIDIA-powered computing infrastructure, further validating the company's strategic pivot toward a vertically integrated AI infrastructure platform.

The partnership announcement compounds continued positive momentum from the company's Q4 earnings, which reported EPS of $0.02 versus market expectations of a $0.22 loss, marking a year-over-year swing to profitability. Additionally, B.Riley raised its target price from $5 to $8 while maintaining a buy rating, leaving substantial upside from current levels. Notably, HIVE outperformed its Application Software sector peers, with Palantir down 2.81%, AppLovin down 2.68%, and Strategy down 1.65%.

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