Hive Digital: Stock Pops on Ontario Data Center Plans

Hive Digital Technologies stock surged after the Bitcoin miner announced a large-scale data center buildout in Ontario, Canada, expanding its mining capacity.

Price action on the 4h chart shows BTC at $76641.32 locked in a bearish structure beneath EMA50 resistance at $79016.73 and EMA200 at $77371.31, with MACD death cross at -827.04 confirming downside momentum. RSI at 32.83 leaves room for further downside while price remains inside the Bollinger band, eyeing upper resistance at $79696.32 before any test of lower support at $76358.7. This setup aligns with current BTC price prediction models that factor in miner infrastructure growth amid ongoing sector consolidation.