HIVE Digital Technologies Ltd. Common Shares - HIVE STOCK NEWS

HIVE Digital Technologies reported Q2 FY2025 results with $22.6 million in revenue, including $20.8M from digital mining and $1.9M from HPC services. The company achieved $5.6 million in Adjusted EBITDA and mined 340 Bitcoin during the quarter. HIVE's digital currency assets reached $165.2 million, including 2,604 Bitcoin. The company reported a net loss of $7.3 million, improving from $22.9 million loss in the previous year. HIVE's Bitcoin mining hashrate grew 14% to 5.6 EH/s, with plans to reach 12.5 EH/s by late 2025. The company raised $4.5 million through an ATM equity program and initiated a new $200 million ATM program.

HIVE Digital Technologies has announced a major order of 6,500 Canaan Avalon A1566 ASIC Miners and commenced construction of a 100 MW facility in Paraguay. The new miners, offering 185 TH/s per machine with 16.5 J/TH efficiency, will replace older 30 J/TH ASICs. The first 500 units will be operational this week, with remaining deliveries scheduled through March 2025. This upgrade will increase HIVE's capacity to 6 EH/s and improve fleet efficiency to 20.5 J/TH. The Paraguay facility's first phase of 30 MW is expected online by early Q2 2025, with full 100 MW operations projected by Q3 2025, targeting a total hashrate of 12.5 EH/s.

HIVE Digital Technologies has announced a major order of 6,500 Canaan Avalon A1566 ASIC Miners and the groundbreaking of a 100 MW facility in Paraguay. The new miners, delivering 185 TH/s at 16.5 J/TH efficiency, will replace older 30 J/TH ASICs. The first 500 units will be operational this week, with remaining deliveries scheduled through March 2025. This upgrade will increase HIVE's capacity to 6 EH/s and improve fleet efficiency to 20.5 J/TH. The Paraguay facility's construction has begun, with 30 MW expected online by early Q2 2025, targeting a total hashrate of 12.5 EH/s with 17.6 J/TH efficiency when fully operational by Q3 2025.

HIVE Digital Technologies reported its October 2024 production results, mining 117 BTC (1% increase month-over-month) with a HODL portfolio of 2,624 BTC (51% YoY increase). The company maintained an average mining capacity of 5.3 EH/s with fleet efficiency at 22.3 J/TH. HIVE's Bitcoin holdings are valued at over $184 million based on BTC price of $70,215.

The company announced construction of a new 100 MW facility in Paraguay, aiming to capture 2% of global Bitcoin mining capacity. Additionally, HIVE issued 2,442,000 restricted share units to employees, officers, directors, and consultants, vesting over two years.

HIVE Digital Technologies reported its October 2024 production results, mining 117 BTC (1% increase month-over-month) with an average mining capacity of 5.3 EH/s. The company's HODL portfolio reached 2,624 BTC, a 51% year-over-year increase, valued at over $184 million. Fleet efficiency maintained at 22.3 J/TH with a peak hashrate of 5.6 EH/s.

HIVE began construction of a new 100 MW facility in Paraguay, aiming to capture 2% of global Bitcoin mining capacity. The company also issued 2,442,000 restricted share units to employees, officers, directors, and consultants, vesting over two years.

HIVE Digital Technologies (NASDAQ: HIVE) has scheduled the release of its Q2 2025 financial results for November 13, 2024, before market open. The company, which specializes in green energy-powered blockchain infrastructure, will host an earnings conference call and webcast at 8:30 AM EST on the same day. Interested participants are advised to register approximately 5 minutes before the call begins. The earnings release and call replay will be available on HIVE's investor relations website.

HIVE Digital Technologies reported its unaudited production results for September 2024, mining 112 Bitcoin and increasing its HODL portfolio to 2,604 BTC, a 50% growth over 12 months. The company maintained a strong mining capacity of 5.6 Exahash per second (EH/s) at month-end, with an average capacity of over 5.3 EH/s.

Key highlights include:

• Mining fleet efficiency of 23 joules per terahash (J/TH)
• Average of 21.1 Bitcoin mined per Exahash
• Daily production rate of 3.73 BTC
• Bitcoin HODL valued at over $160 million as of September 30, 2024

HIVE is progressing with its growth plan in Paraguay, aiming to reach 2% of the Bitcoin mining network by late 2025. The company is also focusing on upgrading its ASIC fleet to improve efficiency and lower Bitcoin production costs to approximately $28,500 at current difficulty levels.

HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) reported its September 2024 performance, mining 112 Bitcoin and increasing its HODL portfolio to 2,604 BTC, a 50% growth over 12 months. The company maintained a strong mining capacity of 5.6 Exahash per second (EH/s) with an average of 5.3 EH/s, primarily using hydroelectric power.

Key highlights include:

• Mining efficiency of 21.1 Bitcoin per Exahash
• Daily production rate of 3.73 BTC
• Bitcoin HODL valued at over $160 million as of September 30, 2024
• Plans to upgrade ASIC fleet to S21 Pro models, potentially lowering Bitcoin production cost to $28,500
• Contribution to grid balancing in Sweden
• Partnership with Stifel for At-The-Market (ATM) offering
• Filed Base Shelf Prospectus for $300 million to support upgrades and expansion in Paraguay

HIVE Digital Technologies has announced an updated at-the-market (ATM) equity program, entering into an equity distribution agreement with Stifel as lead agent and a syndicate including Canaccord Genuity, Roth Canada, B. Riley Securities, and Northland Capital Markets. The ATM Program allows HIVE to sell up to US$200 million of common shares at its discretion, with the flexibility to terminate before reaching the full amount.

Proceeds will be used for general corporate requirements, debt repayments, and potential future acquisitions. Shares will be sold at the prevailing market price. Details are available in a prospectus supplement dated October 3, 2024, supplementing the base shelf prospectus dated September 11, 2024, filed in Canada and with the U.S. SEC.