Welcome to our dedicated page for HIVE Digital Technologies Ltd. Common Shares news (Ticker: HIVE), a resource for investors and traders seeking the latest updates and insights on HIVE Digital Technologies Ltd. Common Shares 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 has issued a correction to its August 2024 unaudited production results. The correct HODL balance as of August 31, 2024, was 2,567 Bitcoins valued at over $151 million, not 2,533 Bitcoins at $164 million as previously reported. The company also provided details on its At-The-Market (ATM) sales from July 1-19, 2024, under the August 2023 ATM Equity Program.
HIVE's Executive Chairman, Frank Holmes, emphasized the company's focus on low G&A costs, maximizing cash flow, and strong revenue per employee while avoiding excessive share dilution. CEO Aydin Kilic highlighted ongoing fleet optimizations, projecting an increase in hashrate to 13.5 EH/s following upgrades at their Paraguay facility, while prioritizing sustainable energy use.
During the Terminal Period (July 1-19, 2024), HIVE issued 1,368,297 common shares for gross proceeds of C$6.09 million ($4.46 million) at an average price of C$4.45 per share. The net proceeds will be used for data center equipment purchases, strategic investments, and general working capital.
HIVE Digital Technologies (NASDAQ: HIVE) has issued a correction to its August 2024 Bitcoin HODL value. The correct balance as of August 31, 2024, was 2,567 Bitcoins, valued at over $151 million, not 2,533 Bitcoins worth $164 million as previously reported. This adjustment does not affect other details in the September 5, 2024 news releases.
The company also provided details on its At-The-Market (ATM) sales from July 1-19, 2024. Under the August 2023 ATM Equity Program, HIVE issued 1,368,297 common shares, raising gross proceeds of C$6.09 million ($4.46 million) at an average price of C$4.45 per share. The net proceeds will be used for data center equipment purchases, strategic investments, and working capital.
HIVE's management emphasized their focus on maintaining low G&A costs, maximizing cash flow, and increasing hashrate to 13.5 EH/s following upgrades at their Paraguay facility, all while prioritizing sustainable energy use.
HIVE Digital Technologies reported mining 112 Bitcoin in August 2024, increasing its total Bitcoin holdings by 1% to 2,567 BTC. The company maintained an average mining capacity of over 5.0 Exahash per second (EH/s) throughout the month. HIVE also announced the acquisition of 1,000 Bitmain S21 Pro Antminers for immediate delivery to upgrade its existing equipment.
Key highlights include:
- Ended August with a 5.3 EH/s ASIC mining capacity
- Achieved a blended fleet efficiency of 23 joules per terahash (J/TH)
- Averaged 22.4 Bitcoin per Exahash
- Daily production of 3.6 BTC
HIVE aims to optimize its fleet performance, projecting a target hashrate of 13.5 EH/s with a global blended fleet efficiency of 16.9 J/TH upon completion of its Paraguay facility, while maintaining its commitment to green energy.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) has released its unaudited production results for August 2024. The company mined 112 Bitcoin, increasing its total Bitcoin holdings by 1% to 2,533 BTC. HIVE also acquired 1,000 Bitmain S21 Pro Antminers for immediate delivery to upgrade its mining efficiency. The company maintained an average Bitcoin mining capacity of over 5.0 Exahash per second (EH/s) throughout the month, with a blended fleet efficiency of 23 joules per terahash (J/TH).
HIVE's Bitcoin HODL value exceeded $164 million as of August 31, 2024. The company is focusing on maintaining low G&A expenses, maximizing cash flow return, and minimizing share dilution. HIVE plans to upgrade its remaining 30 J/TH ASICs over the next nine months, aiming to increase its installed hashrate to 6.9 EH/s with a blended fleet efficiency of 19 TH/s. The company's updated target hashrate is projected to reach 13.5 EH/s upon completion of the Paraguay facility.
HIVE Digital Technologies (NASDAQ: HIVE) reported its August 2024 production results, mining 112 Bitcoin and increasing its total Bitcoin holdings by 1% to 2,533 BTC. The company maintained an average mining capacity of over 5.0 Exahash per second (EH/s) throughout the month. HIVE also announced the acquisition of 1,000 Bitmain S21 Pro Antminers for immediate delivery to upgrade its existing equipment.
Key highlights include:
- A blended fleet efficiency of 23 joules per terahash (J/TH)
- Average daily production of 3.6 BTC
- Bitcoin HODL value exceeding $164 million as of August 31, 2024
HIVE Digital Technologies (NASDAQ: HIVE) reported its Q1 F2025 results, ending June 30, 2024. The company achieved $32.2 million in revenue, including $29.6 million from digital currency mining and $2.6 million from high-performance computing (HPC) operations. HIVE mined 449 Bitcoin during the quarter, with a gross operating margin of $11.4 million (35%). The company's Adjusted EBITDA was $14.9 million, with a net income of $4.2 million before tax.
HIVE increased its Bitcoin mining ASIC hashrate by 4% to 4.9 Exahash and ended the period with 2,496 Bitcoin on its balance sheet, valued at $153.9 million. The company successfully navigated the Bitcoin Halving event by upgrading its ASIC miners. HIVE is also planning to convert 30 MW of existing Bitcoin mining capacity to Tier 3 infrastructure for GPU operation, potentially yielding 20 MW of Tier 3 compute within 6-9 months.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0.F), a pioneer in green energy-powered blockchain infrastructure, has announced the release of its Q1 2025 financial results on August 13, 2024, after market close. The company will host an earnings conference call and webcast at 5:00 PM EST on the same day.
Investors can join the webcast at https://events.q4inc.com/attendee/967547519 or dial in at (800) 267-6316 with Access ID: HIVEQ1. A replay will be available until August 27, 2024, by dialing (888) 562-0906 with Access ID: 26148. The earnings release will be accessible on HIVE's investor relations website.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) reports its unaudited production figures for July 2024. The company mined 116 Bitcoin, increasing its Bitcoin holdings by 2% to a total of 2,533 Bitcoin on the balance sheet. HIVE maintained an average Bitcoin mining capacity of over 4.7 Exahash (EH/s) in July.
Key highlights include:
- Mining efficiency of 24.6 Bitcoin per Exahash
- Average daily production of 3.7 BTC
- Bitcoin HODL value of over $164 million as of July 31, 2024
The company has purchased 9,500 new generation ASIC miners, representing approximately 2 EH/s of Bitcoin mining capacity. This will bring HIVE's total installed Bitcoin mining capacity to 5.5 EH/s with a global average fleet efficiency of 24.5 J/TH.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) reported its unaudited production figures for July 2024. The company mined 116 Bitcoin, increasing its Bitcoin holdings by 2% to a total of 2,533 Bitcoin on the balance sheet. HIVE maintained an average Bitcoin mining capacity of over 4.7 Exahash (EH/s) in July.
Key highlights include:
- Mining efficiency of 24.6 Bitcoin per Exahash
- Average daily production of 3.7 BTC
- Bitcoin HODL value of over $164 million as of July 31, 2024
The company has purchased 9,500 new generation ASIC miners, representing approximately 2 EH/s of additional Bitcoin mining capacity. This will bring HIVE's total installed Bitcoin mining capacity to 5.5 EH/s with a global average fleet efficiency of 24.5 J/TH.
HIVE Digital Technologies has entered into definitive agreements for a 100 MW digital asset mining operation in Paraguay, utilizing green energy from the Itaipu hydroelectric dam. The company aims to increase its global Bitcoin mining capacity to 12.1 EH/s. However, HIVE has reduced its initial investment plans due to a proposed 14% energy tariff increase for Bitcoin data centers in Paraguay.
HIVE's President and CEO, Aydin Kilic, expressed pride in the acquisition of the 100 MW PPA, while Executive Chairman Frank Holmes emphasized the importance of stable fiscal policies for attracting foreign investment. The company's investment is expected to provide over $100 million in U.S. dollar revenue to Paraguay over three years, along with creating local jobs and infrastructure development.
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