STOCK TITAN

HIVE Digital Technologies Ltd. - HIVE STOCK NEWS

Welcome to our dedicated news page for HIVE Digital Technologies Ltd. (Ticker: HIVE), a resource for investors and traders seeking the latest updates and insights on HIVE Digital Technologies Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect HIVE Digital Technologies Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of HIVE Digital Technologies Ltd.'s position in the market.

Rhea-AI Summary
HIVE Digital Technologies Ltd. reported strong Q3 earnings with $30.1 million in revenue, mining 830 Bitcoin with a 38% Gross Operating Margin. The company also saw a 146% increase in Gross Operating Margin from the previous quarter. HIVE's production of 830 Bitcoin represents a 5% increase year-over-year, with an average operating hashrate of 4.01 EH/s. The average cost of production per Bitcoin was $22,607. Adjusted EBITDA income was $17.3 million, with a net loss of $6.95 million due to accelerated depreciation of ASIC equipment. The Company issued common shares under equity distribution agreements, raising gross proceeds of $32.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.22%
Tags
none
-
Rhea-AI Summary
HIVE Digital Technologies Ltd. reported a strong third-quarter earnings report for the period ended December 31, 2023. The company achieved revenue of $30.1 million by mining 830 Bitcoin with a 38% Gross Operating Margin, reflecting a 146% increase from the previous quarter. HIVE's production of 830 Bitcoin this quarter represents a 5% year-over-year increase, with an average operating hashrate of 4.01 EH/s. The average cost of production per Bitcoin was $22,607, representing a 2.37% increase from the previous quarter. HIVE also realized $0.9 million in revenue from its GPU powered High Performance Computing business unit. The company's adjusted EBITDA income was $17.3 million, with a net loss from continuing operations of $6.95 million due to accelerated depreciation of ASIC equipment and a provision on sales tax receivables.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.22%
Tags
none
-
Rhea-AI Summary
HIVE Digital Technologies Ltd. (HIVE) has announced the unaudited production figures from the Company's global Bitcoin operations for January 2024. The company produced 234.6 Bitcoin during the month, maintaining an average hashrate of 3.88 EH/s. HIVE's HODL position at the end of January 2024 was 1,939 BTC, representing a 14% increase from the prior month. The company has upgraded its fleet of ASICs to improve global fleet efficiency and reduce average production cost per Bitcoin. HIVE has also received and installed its January batch of Bitmain S21 Antminers, with plans to purchase 7,000 of these machines to provide high-efficiency mining capacity to the fleet. However, the company experienced a 5.6% month-over-month decrease in mining capacity and a 4.8% decrease in BTC ASIC hashrate compared to December 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.56%
Tags
none
Rhea-AI Summary
HIVE Digital Technologies Ltd. reported the unaudited production figures from its global Bitcoin operations for January 2024, with 234.6 Bitcoin produced, an average of 7.6 BTC per day, and a 5.6% decrease in mining capacity. The company's HODL position increased by 14% from the prior month. The cold weather in Northern Sweden affected electricity consumption, but the company expects milder weather in March. The company upgraded its fleet of ASICs to reduce production costs and is preparing for the Bitcoin Halving event in April 2024. Additionally, HIVE received and installed a batch of Bitmain S21 Antminers, providing high-efficiency mining capacity to the fleet.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.56%
Tags
none
-
Rhea-AI Summary
HIVE Digital Technologies Ltd. announces its President & CEO, Aydin Kilic, has been accepted into Forbes Technology Council. The company also approved the grant of 257,976 restricted share units to employees, officers, and consultants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary
HIVE Digital Technologies Ltd. (HIVE) reports a 100% increase in hashrate and the production of 3,260 Bitcoin in 2023, maintaining approximately 1% of the global Bitcoin mining network. The company also ended the year with $17 million in cash and a Bitcoin HODL position of 1,704 BTC. Additionally, HIVE has updated on the installation of Bitmain S19k Pro Antminers and the order of 7,000 Bitmain S21 Antminers, expecting to have 5.6 EH/s of active mining capacity with an average fleet efficiency of 25 J/TH.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.78%
Tags
none
Rhea-AI Summary
HIVE Digital Technologies Ltd. (HIVE) (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) reports a production of 3,260 Bitcoin in 2023, with a 100% increase in hashrate. The company maintained approximately 1% of the global Bitcoin mining network, earning 3,260 Bitcoin for the year. HIVE ended the year with $17 million in cash and a Bitcoin HODL position of 1,704 BTC. The company also updated on the installation of Bitmain S19k Pro Antminers and the order of 7,000 Bitmain S21 Antminers, expecting a total of 5.6 EH/s of active mining capacity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.78%
Tags
none
-
Rhea-AI Summary
HIVE Digital Technologies Ltd. (HIVE) (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) announced the unaudited production figures for December 2023, with 282.8 Bitcoin produced, maintaining over 3.95 Exahash of Bitcoin mining capacity on average for December 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
none
-
Rhea-AI Summary
HIVE Digital Technologies Ltd. (HIVE) (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) announced the unaudited production figures from its global Bitcoin operations for December 2023, with 282.8 Bitcoin produced and a total of 1,707 BTC in HODL position. The company also appointed Luke Rossy as COO and Mario Sergi as CIO.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
Tags
none
Rhea-AI Summary
HIVE Digital Technologies Ltd. (TSX.V:HIVE) (Nasdaq:HIVE) (FSE:YO0.F) announced the closing of a bought-deal private placement, resulting in gross proceeds of CAD$28,750,000. The net proceeds will be used to support the growth of its Bitcoin mining footprint and for working capital and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.64%
Tags
none
HIVE Digital Technologies Ltd.

Nasdaq:HIVE

HIVE Rankings

HIVE Stock Data

393.40M
100.13M
0.25%
21.66%
10.91%
Data Processing, Hosting, and Related Services
Information
Link
Canada
Vancouver

About HIVE

blockchain protocols like bitcoin, ethereum, and other cryptocurrencies offer a secure way to transact without the need for middlemen. those who understand the potential of these technologies are creating new business platforms and winning first-mover advantages. until now, the complexity of cryptocurrencies has deterred traditional investors from gaining exposure to blockchain’s potential. hive, one of the first crypto companies to list on a major stock exchange, offers direct exposure to the crypto economy and its huge growth opportunities.