Welcome to our dedicated page for HIVE Digital Technologies news (Ticker: HIVE), a resource for investors and traders seeking the latest updates and insights on HIVE Digital Technologies stock.
HIVE Digital Technologies Ltd. (formerly HIVE Blockchain Technologies Ltd.) is a pioneering company in the blockchain industry, focusing on the mining and sale of digital currencies. Established as the first cryptocurrency mining company to be publicly listed on the TSX Venture Exchange, HIVE is committed to leveraging green energy solutions in its operations. The company manages state-of-the-art data center facilities located in Canada, Sweden, Iceland, Switzerland, and Bermuda, with the majority of its revenue generated from Bermuda.
HIVE's core business revolves around providing infrastructure solutions for blockchain protocols like Bitcoin, Ethereum, and other cryptocurrencies. The company offers investors direct exposure to the growing crypto economy, bridging the gap between digital currencies and traditional capital markets.
Recent achievements include:
- Bitcoin Holdings Increase: As of February 2024, HIVE increased its Bitcoin holdings by 10%, with a HODL position of 2,131 Bitcoin, which further grew to 2,159 Bitcoin by March 2024.
- Technological Advancements: Integration of Bitmain S21 Antminers to enhance mining efficiency and reduce production costs.
- Strategic Events Participation: Representation at high-profile events like Paris Blockchain Week and AIM Summit London to discuss advancements in blockchain and AI technologies.
- Operational Efficiency: Consistent mining capacity exceeding 4.5 Exahash (EH/s) and significant upgrades to their mining fleet, including new shipments of Antminers.
The company focuses on maintaining a healthy balance sheet and anticipates higher demand for Bitcoin due to the increasing adoption of Bitcoin ETFs. HIVE's strategy includes maximizing cash flow return on invested capital while minimizing shareholder dilution.
Financial Condition and Partnerships: HIVE has a strong financial position with over $160 million in Bitcoin and $11 million in cash as of March 2024. The company's financial strategy is designed to ensure stability and growth, even amidst market volatility.
HIVE is committed to sustainability, sourcing primarily green energy for its data centers, and is actively expanding into artificial intelligence (AI) and high-performance computing (HPC). This diversification aims to leverage the global demand for AI data services, increasing the company's revenue streams beyond cryptocurrency mining.
To stay updated on HIVE's latest news and developments, visit the company's official website at www.HIVEdigitaltechnologies.com and follow @HIVEDigitalTech on Twitter.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) has announced the appointment of Craig Tavares as President and Chief Operating Officer of Buzz HPC. In this role, Tavares will be responsible for leading the company's GPU Cloud and High-Performance Computing (HPC) data center business. This announcement comes as part of HIVE's strategic expansion in sustainable data center infrastructure, where they maintain a position as a global leader.
The announcement was made through a designated news release related to the Company's prospectus supplement dated October 3, 2024, to its short form base shelf prospectus dated September 11, 2024.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) has announced the appointment of Craig Tavares as President and Chief Operating Officer of Buzz HPC. In this role, Tavares will be responsible for leading the company's GPU Cloud and High-Performance Computing (HPC) data center business. This announcement comes as part of HIVE's strategic focus on sustainable data center infrastructure.
HIVE Digital Technologies reported strong Q3 FY2025 results with total revenue of $29.2 million and net income of $1.3 million. The company achieved Adjusted EBITDA of $17.3 million and mined 322 Bitcoin during the quarter.
Key highlights include:
- Digital currency assets valued at $260.8 million, including 2,805 Bitcoin
- HPC business reached $10 million annualized run rate
- Operating margins of $6.1 million from Bitcoin mining and HPC operations
The company's expansion plans in Paraguay remain on track, with a 300 MW project expected to increase hashrate from 6 EH/s to 25 EH/s by September 2025. HIVE also implemented an ATM Program allowing for up to $200 million in common share sales, with $87.5 million already raised through the issuance of 21.3 million shares at an average price of C$5.74.
HIVE Digital Technologies reported strong Q3 FY2025 results with total revenue of $29.2 million, including $26.7 million from digital currency mining and $2.5 million from high-performance computing (HPC). The company achieved net income of $1.3 million and Adjusted EBITDA of $17.3 million.
Key highlights include mining 322 Bitcoin during the quarter, with total holdings reaching 2,805 Bitcoin valued at $260.8 million. The company's HPC business achieved a $10 million annualized run rate. HIVE's expansion plans in Paraguay aim to increase hashrate from 6 EH/s to 25 EH/s by September 2025, with a 300 MW facility development underway.
The company raised $87.5 million through an ATM equity program, issuing 21.3 million shares at an average price of C$5.74. These funds will support equipment purchases, strategic investments, and working capital needs.
HIVE Digital Technologies has released its January 2025 production results, mining 102 BTC and maintaining a HODL portfolio of 2,657 BTC valued at $271 million (at BTC price of $102,000). The company maintained an average mining capacity of 5.7 Exahash per Second with fleet efficiency at 22 J/TH, achieving a peak BTC-equivalent hashrate of 6.4 EH/s.
A major highlight is HIVE's acquisition of a 200 MW hydro-powered Bitcoin mining facility in Paraguay from Bitfarms This strategic move is expected to increase the company's global Bitcoin mining hashrate to 25 EH/s by September 2025, representing a 317% increase. The total net cost to complete the Bitfarms site is estimated at $400,000 per MW, with total operational capacity projected to reach 430 MW by Q3 2025.
The company is focusing on fleet efficiency upgrades and has appointed Lieutenant General (Ret.) John R. Evans Jr. to its Global Strategy Advisory Committee. HIVE is targeting a blended fleet efficiency of 16.5 J/TH upon full deployment of its expansion plans.
HIVE Digital Technologies has released its January 2025 production results, mining 102 BTC and maintaining a HODL portfolio of 2,657 BTC valued at $271 million. The company's Bitcoin holdings increased 34% year-over-year but decreased month-over-month due to strategic sales for capital investments.
The company maintained an average mining capacity of 5.7 Exahash per Second with fleet efficiency at 22 J/TH, achieving a peak BTC-equivalent hashrate of 6.4 EH/s. A significant development includes the acquisition of Bitfarms' 200 MW hydro-powered Bitcoin mining facility in Paraguay, expected to increase HIVE's hashrate to 25 EH/s by September 2025, representing a 317% growth.
The total net cost to complete the Bitfarms site is estimated at $400,000 per MW, with plans to increase total operational capacity to 430 MW by Q3 2025. HIVE also appointed Lt. Gen. John R. Evans Jr. to its Global Strategy Advisory Committee.
HIVE Digital Technologies (NASDAQ: HIVE) has announced its schedule for releasing Q3 2025 financial results and hosting an earnings conference call. The company will release its financial results for the quarter ended December 31, 2024, on Tuesday, February 11, 2025 after market close.
A conference call and webcast will follow on Wednesday, February 12, 2025 at 8:30 AM EST. Participants are advised to log in or dial in approximately 5 minutes before the call begins. The earnings release and a replay of the call will be accessible through HIVE's investor relations website.
HIVE Digital Technologies (NASDAQ: HIVE) has announced it will release its Q3 2025 financial results on February 11, 2025, after market close. The company will host an earnings conference call and webcast the following day, February 12, 2025, at 8:30 AM EST.
Participants are advised to log in approximately 5 minutes before the call begins. The earnings release and a replay of the call will be available on HIVE's investor relations website.
HIVE Digital Technologies has announced a significant expansion through the acquisition of Bitfarms' 200 MW Bitcoin mining facility in Yguazú, Paraguay. The $56 million deal will increase HIVE's global Bitcoin mining hashrate from 6 EH/s to an anticipated 25 EH/s by September 2025.
The development will occur in two phases: Phase 1, scheduled for completion by April 1, 2025, will add 6 EH/s, while Phase 2, expected by August 31, 2025, will contribute 6.5 EH/s using hydro-cooled ASICs. The total net costs to complete the site are estimated at $400,000 per MW.
The acquisition includes a 240 MVA substation, land, and facilities. Payment terms comprise $25 million at closing in Q1 2025 and $31 million in installments over six months. HIVE will also assume $19 million in PPA deposits to ANDE and remaining construction costs.
This expansion, combined with HIVE's existing facilities in Canada and Sweden, will bring its global capacity to 430 MW by Q3 2025, operating entirely on green hydroelectric energy.
HIVE Digital Technologies has announced a binding LOI to acquire Bitfarms' 200 MW hydro-powered Bitcoin mining facility in Yguazú, Paraguay. The $56 million acquisition will boost HIVE's global Bitcoin mining hashrate from 6 EH/s to an anticipated 25 EH/s by September 2025.
The development includes two phases: Phase 1, scheduled for April 2025, will add 6 EH/s, while Phase 2, expected by August 2025, will contribute 6.5 EH/s using hydro-cooled ASICs. The total net costs to complete the site are estimated at $400,000 per MW.
The transaction terms include $25 million payable at closing in Q1 2025 and $31 million in installments over six months. HIVE will also assume $19 million in PPA deposits and remaining construction costs. The company has already secured ASICs for 15 EH/s and plans additional purchases to reach its 25 EH/s target.
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