Jones Trading launched coverage on three companies pivoting from Bitcoin mining into AI infrastructure, all with buy ratings. Keel Infrastructure received a $7.50 price target against a $3.80 stock price, pointing to nearly 97% upside. Hive Digital Technologies was rated a buy with a $6.00 target from a $3.16 starting point, roughly 90% upside. Cango earned a buy rating with a $4.00 target as it scales back mining operations.
Hive Digital stands out with 73% revenue growth to $79.1 million in its fiscal first quarter of 2027 and a five-year, $350 million AI cloud services deal expected to add $70 million in annual recurring revenue. Keel reported a wider second-quarter loss of $64 million but holds $819 million in cash and marketable assets. Cango saw revenue fall 50% to $50.8 million and a net loss of $81.6 million in Q2 2026 as it reduces mining capacity from 50Eh/s to 27.6Eh/s.
On the healthcare front, a Blue Cross Blue Shield Association study found that AI billing tools added over $942 million in costs. More than 60% of hospital systems use AI to scan patient records for secondary diagnoses, which drove about 70% of the extra spending, or $650 million over two years. Treatment rates did not rise even as diagnoses climbed, suggesting AI is surfacing more billable conditions rather than identifying sicker patients.
Despite those cost concerns, a Bain and Company survey with KLAS Research found that 75% of healthcare providers remain optimistic about AI investments. Sixty percent of payers say they are already satisfied with their AI purchases, and 40% of providers plan to invest in AI within the next year. The poll covered 150 healthcare executives and 100 payers.
In other developments, Sift introduced Sift Agents, an AI tool that investigates hardware telemetry data and saves findings as reusable rules, requiring human approval before changes are made. MegazoneCloud partnered with Portal26 to sell generative AI governance tools in Korea through its HALO organization. PwC Ireland released a whitepaper outlining an AI security control plane spanning threat management, data security, and access controls, designed to work with tools like Microsoft 365 E7.
Key Takeaways
- Jones Trading initiated buy ratings on Keel Infrastructure ($7.50 target), Hive Digital ($6.00 target), and Cango ($4.00 target), all pivoting from Bitcoin mining to AI.
- Hive Digital signed a five-year, $350 million AI cloud services deal and posted 73% revenue growth to $79.1 million.
- Keel Infrastructure reported a $64 million Q2 loss but holds $819 million in cash and marketable assets.
- Cango's Bitcoin mining capacity dropped from 50Eh/s to 27.6Eh/s alongside a 50% revenue decline and $81.6 million net loss.
- AI billing tools added over $942 million in costs for Blue Cross, driven largely by secondary diagnosis detection.
- 75% of healthcare providers remain optimistic about AI investments despite rising billing costs, per a Bain and KLAS survey.
- Sift launched Sift Agents, an AI tool for hardware telemetry analysis that requires human approval before making changes.
- MegazoneCloud partnered with Portal26 to deploy AI governance tools in Korea, capable of setup in about 30 minutes.
- PwC Ireland released an AI security control plane framework covering six layers including threat management and data security.
- Morgan Stanley identified 12 AI bottleneck stocks with at least 40% upside potential tied to data center demand.
Jones Trading starts Keel Infrastructure coverage with buy rating
Jones Trading began coverage on Keel Infrastructure with a buy rating and a $7.50 price target. The company trades at $3.80, offering nearly 97% upside. Jones Trading cited strong demand for AI infrastructure. Keel currently has no AI or high-performance computing off-taker but aims to secure one this year. The company recently reported a wider second-quarter loss as it shifts from Bitcoin mining to AI data centers.
Jones Trading initiates Hive Digital coverage with buy rating
Jones Trading started coverage on Hive Digital Technologies with a buy rating and a $6.00 price target. The stock trades at $3.16, suggesting about 90% upside. Hive Digital is based in San Antonio and was founded in 2017 as a cryptocurrency mining firm. The company is now focusing on AI and high-performance computing, including its GTA gigafactory initiative. Hive Digital recently reported 73% revenue growth and signed a $350 million AI cloud services deal.
Jones Trading gives Hive Digital a buy rating on AI growth
Jones Trading initiated coverage on Hive Digital Technologies with a buy rating and a $6.00 price target. The stock currently trades at $3.16, with about 90% upside. The company was founded in 2017 and is expanding from Bitcoin mining into AI and high-performance computing. Hive Digital reported revenue of $79.1 million in its fiscal first quarter of 2027, up 73% year over year. It also signed a five-year, $350 million AI cloud services agreement.
Jones Trading launches Keel Infrastructure buy rating
Jones Trading initiated coverage on Keel Infrastructure with a buy rating and a $7.50 price target. The stock trades at $3.80, showing nearly 97% potential upside. Keel is transitioning from Bitcoin mining to high-performance computing and AI data center infrastructure. The company reported a second-quarter loss of $64 million while its cash and marketable assets reached $819 million. Cantor Fitzgerald also maintains an Overweight rating with a $5.00 target.
Jones Trading starts Hive Digital with a buy rating
Jones Trading initiated coverage on Hive Digital Technologies with a buy rating and a $6.00 price target. The stock trades at $3.16, offering roughly 90% upside. Hive Digital, founded in 2017, is shifting from GPU mining toward AI and high-performance computing. The company reported a 73% revenue increase to $79.1 million in its fiscal first quarter of 2027. It also signed a five-year, $350 million AI cloud services agreement expected to add $70 million in annual recurring revenue.
Jones Trading rates Cango a Buy on its shift to AI
Jones Trading started coverage of Cango Inc. with a Buy rating and a $4.00 price target. The company is shifting from Bitcoin mining to AI and high-performance computing. Cango's Bitcoin mining capacity has dropped from 50Eh/s to 27.6Eh/s. The company reported a 50% drop in revenue to $50.8 million and a net loss of $81.6 million in Q2 2026 due to its strategic transition.
AI billing tools added $942 million in costs for Blue Cross
A Blue Cross Blue Shield Association study found that AI billing tools added over $942 million in costs. More than 60% of hospital systems use AI tools that scan patient records to find secondary diagnoses. These secondary diagnoses drove about 70% of the extra costs, or $650 million over two years. Treatment rates did not increase even as diagnoses rose, suggesting AI is finding more billable conditions rather than sicker patients.
AI is fueling a new battle over health care costs
AI tools used by hospitals and insurers are pushing health care costs higher. Hospitals are using AI to describe patient illnesses as more complex, but patients are not getting more treatment. Insurers found no evidence of additional care despite increased diagnoses like anemia. Officials say AI may make health care more expensive before it gets cheaper, and the impact depends on how care is billed.
Sift launches AI agent for hardware telemetry analysis
Sift launched Sift Agents, an AI agent that investigates hardware telemetry data. The tool analyzes test, flight, and production data and saves findings as reusable rules. It runs inside Sift's platform to keep sensitive data secure and requires human approval before making changes. Sift also adopted the Model Context Protocol, allowing engineers to connect external AI tools at no extra cost.
MegazoneCloud partners with Portal26 on AI governance
MegazoneCloud partnered with Portal26 on September 28, 2026 to sell generative AI governance tools in Korea. The AI Adoption Management Platform helps enterprises detect and control shadow AI and sensitive data leaks. It can be deployed in about 30 minutes and helps manage AI usage and costs. MegazoneCloud will provide technical support and security expertise through its HALO organization.
Is the AI trade overcrowded?
Martin Pelletier, a portfolio manager at Wellington-Altus Private Counsel, discusses whether the AI trade is overcrowded. He joins BNN Bloomberg to provide an outlook on the markets. The discussion focuses on the current state of AI investments.
Healthcare executives still investing in AI despite rising costs
A survey from Bain and Company with KLAS Research found that 75 percent of healthcare providers stay optimistic about AI investments. 60 percent of payers say they are already happy with their AI purchases. The poll included 150 healthcare executives and 100 payers. 40 percent of providers plan to invest in AI within the next year.
Morgan Stanley shares 12 AI bottleneck stocks with strong upside
Morgan Stanley revealed 12 AI bottleneck stocks that could see at least 40 percent upside. The picks focus on data center bottlenecks as Big Tech capital spending continues to grow. William Edwards, a senior investing reporter, covered the story for Business Insider.
AI decoded: A beginner's guide to key terms
The Boston Globe published a guide explaining important AI terms for everyday readers. It covers concepts like artificial general intelligence, machine learning, and large language models. The guide also explains building blocks such as tokens and compute. It discusses safety topics like alignment and kill switches. It profiles players including OpenAI, Anthropic, Google, Amazon, and Microsoft.
New method improves efficiency of AI architecture search
Researchers developed TGL-NSGA-II, a low-fidelity framework for TinyML neural architecture search. A pretrained teacher organizes samples and uses KD-Lite knowledge distillation to score candidates. The method achieved Kendall-tau values of 0.74 and 0.62 on keyword spotting and bird-call classification. It runs 2.2 times faster than full NSGA-II while achieving the largest mean hypervolume.
New AI security control plane helps organisations stay safe
PwC Ireland released a whitepaper that introduces the AI security control plane. This framework is a set of controls that helps organisations manage AI safely across their systems. It covers six layers including threat management, data security, and access controls. The plan works with tools like Microsoft 365 E7 to keep AI visible and accountable. It aims to help businesses scale AI with confidence.
Sources
- Keel Infrastructure stock initiated at buy by Jones Trading on AI demand
- Hive Digital stock gets buy rating from Jones Trading on AI pivot
- Hive Digital stock gets buy rating from Jones Trading on AI pivot
- Keel Infrastructure stock initiated at buy by Jones Trading on AI demand
- Hive Digital stock gets buy rating from Jones Trading on AI pivot
- Jones Trading initiates Cango stock with buy on AI pivot
- Hospital AI billing tools added $942 million in costs for Blue Cross insurers
- AI is fueling a new battle over health care costs
- Sift launches AI agent to tackle hardware telemetry
- MegazoneCloud Partners with Portal26 on Generative AI Governance and Security
- Is the AI trade overcrowded?
- Healthcare executives are still investing in tech as AI’s bill comes due, survey finds
- Morgan Stanley shares 12 AI bottleneck stocks with at least 40% upside
- AI decoded: A beginner's guide to terms you should know
- Rank-Reliable Teacher-Guided Fitness Approximation for Expensive Evolutionary Optimization: A TinyML Architecture Search Study
- The AI security control plane: Building trust in the age of AI
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