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 (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.
HIVE Digital Technologies has announced a significant addition to its leadership team with Lieutenant General (Ret.) John R. Evans Jr. joining its Global Strategy Advisory Committee. This appointment comes at a important time as data centers are increasingly becoming a matter of national security priority.
The company, which operates sustainable data center infrastructure across nine time zones and conducts business in five languages, views this appointment as a strategic move to enhance its global operations. HIVE's focus remains on expanding its global footprint while maintaining high standards in security, sustainability, and resilience.
This announcement was made as a designated news release in connection with 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 Lieutenant General (Ret.) John R. Evans Jr. to its Global Strategy Advisory Committee. This strategic addition comes as data centers are increasingly recognized as a national security priority.
The company, which operates sustainable data center infrastructure across nine time zones and conducts business in five languages, views this appointment as a significant step in its mission to expand its global footprint responsibly. The announcement emphasizes HIVE's commitment to maintaining high standards in security, sustainability, and operational resilience.
HIVE Digital Technologies has released its December 2024 production results, highlighting significant growth and strategic developments. The company mined 103 BTC, increasing its HODL portfolio to 2,805 BTC, representing a 64.6% year-over-year increase. The company maintained an average mining capacity of 5.5 EH/s, with fleet efficiency at 22 J/TH, reaching peak BTC hashrates of 6.0 EH/s.
Key achievements include Bitcoin holdings valued at $261.9 million as of December 31, 2024, with BTC closing at approximately $93,400. HIVE's operational hashrate grew 47% year-over-year to 6.0 EH/s, driven by fleet upgrades with Avalon machines. The company targets reaching 15.0 EH/s by end-2025, supported by a 100 MW hydroelectric-powered expansion in Paraguay.
Strategic developments include securing competitive energy pricing in Sweden and relocating headquarters from Vancouver to San Antonio, Texas. HIVE plans to transition to US GAAP reporting starting fiscal year ending March 31, 2025.
HIVE Digital Technologies has released its December 2024 production results, mining 103 BTC and reaching a HODL portfolio of 2,805 BTC, marking a 64.6% year-over-year increase. The company maintained an average mining capacity of 5.5 Exahash per Second with fleet efficiency at 22 J/TH, achieving a peak BTC hashrate of 6.0 EH/s.
HIVE's Bitcoin holdings were valued at $261.9 million as of December 31, 2024, with BTC price at $93,400. The company plans to expand its global hashrate capacity to 15.0 EH/s by end of 2025, supported by a 100 MW hydroelectric-powered expansion in Paraguay. Additionally, HIVE announced the relocation of its headquarters from Vancouver to San Antonio, Texas, and plans to transition to US GAAP reporting starting fiscal year ending March 31, 2025.
HIVE Digital Technologies has announced reaching a significant milestone of 6.0 Exahashes per second (EH/s) in operational hashrate, representing a 47% year-over-year growth from 4.08 EH/s at December 31, 2023. This achievement was accomplished through fleet upgrades using state-of-the-art Avalon machines from Canaan Inc.
The company has secured competitive energy pricing in Sweden with sub-2-cent rates per kilowatt-hour. HIVE projects reaching 15 EH/s of global hashrate capacity by the end of 2025, targeting a blended fleet efficiency of 17 joules per terahash (J/TH) through its 100 MW hydroelectric-powered expansion in Paraguay.
Executive Chairman Frank Holmes emphasized HIVE's successful navigation through its second Bitcoin Halving event, focusing on efficiency optimization and securing attractive pricing in Sweden to reduce Bitcoin production costs and enhance investment returns.
HIVE Digital Technologies has achieved a significant milestone of 6.0 Exahashes per second (EH/s) of operational hashrate, representing a 47% year-over-year growth from 4.08 EH/s at December 31, 2023. This advancement was accomplished through the upgrade of their Bitcoin mining fleet with new Avalon machines from Canaan Inc.
The company has secured competitive energy pricing in Sweden with electricity costs below 2 cents per kilowatt-hour. HIVE projects reaching 15 EH/s of global hashrate capacity by the end of 2025, targeting a blended fleet efficiency of 17 joules per terahash (J/TH) following the completion of their 100 MW hydroelectric-powered expansion in Paraguay.
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