HIVE Digital Technologies Enters Colombia's Deep Andean Capital Markets With Colombia Listing, Advancing Its Role as Latin America's Emerging Leader in Green AI and Bitcoin Infrastructure

Rhea-AI Summary

HIVE (NASDAQ: HIVE) announced a new listing on the Colombian Stock Exchange on December 11, 2025, becoming the first Bitcoin-and-AI infrastructure company listed in Colombia and opening cross-border access across the Andean market.

The company reported a record quarterly revenue of $87.3 million (≈+285% YoY) and a gross operating margin of $42.4 million (49%). HIVE described a strategy converting Tier I Bitcoin sites into Tier III+ liquid-cooled HPC data centers and is scaling renewable-powered infrastructure, using Paraguay as a regional blueprint toward 400 MW of renewable capacity.

Positive

• Bogotá listing increases access to Andean investors
• Record quarterly revenue of $87.3M (+285% YoY)
• Gross operating margin $42.4M (49%)
• Paraguay expansion scaling toward 400 MW renewable capacity

Negative

• None.

Key Figures

Quarterly revenue $87.3 million Recently reported record quarterly revenue

Revenue growth 285% year-over-year Quarterly revenue growth versus prior year

Gross operating margin $42.4 million (49%) Recent quarter gross operating margin

Bitcoin mining capacity 25 EH/s Tier I Paraguay data centers’ Bitcoin mining capacity

Planned GPU fleet Over 36,000 GPUs Long-term roadmap for AI and HPC cloud services

Paraguay capacity target 400 MW Renewable power capacity target in Paraguay expansion

Current share price $3.18 Price before Colombia listing news

52-week range $1.26 – $7.84 Low and high prior to this announcement

Market Reality Check

$3.18 Last Close

Volume Volume 8,917,944 is at 0.49x the 20-day average, indicating subdued trading ahead of this news. low

Technical Shares trade above the 200-day MA, at $3.18 vs $2.78, despite being 59.44% below the 52-week high.

Peers on Argus

Peer moves are mixed: BTBT (+2.16%), FUFU (+5.56%), OPY (+2.46%), AMRK (+2.17%) are up while BITF (-1.34%) is down, suggesting today’s setup was more stock-specific than a broad sector rotation.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 25	ATM equity program	Negative	-1.3%	Announced US$300M at-the-market equity program for flexible share issuance.
Nov 17	Earnings results	Positive	+7.5%	Reported record Q2 revenue growth and higher Bitcoin production and BUZZ HPC revenue.
Nov 17	AI cloud expansion	Positive	+7.5%	BUZZ struck Dell agreement to deploy liquid-cooled GPU cluster for AI cloud growth.
Nov 10	Production update	Positive	+0.6%	October BTC production and hashrate gains alongside Paraguay expansion and AI buildout.
Nov 07	Earnings date notice	Neutral	-1.5%	Announced timing and call details for upcoming Q2 2026 financial results.

Pattern Detected

Recent HIVE news has mostly seen price gains on operational and AI expansion updates, while financing-related headlines have coincided with mild weakness.

Recent Company History

Over the past six weeks, HIVE has reported multiple operational and strategic milestones across Bitcoin mining and AI infrastructure. Production and hashrate updates in October–November 2025 highlighted growth toward 25 EH/s and Paraguay expansion. A detailed Q2 FY2026 report on Nov 17 showed record revenue and cash flow metrics, while an AI cloud expansion agreement and AI data center initiatives reinforced the pivot to Tier III+ infrastructure. The US$300M ATM program on Nov 25 added a financing tool to support these plans, against which this new Colombia listing further broadens capital-markets access in Latin America.

Market Pulse Summary

This announcement expands HIVE’s capital-markets footprint through a new Colombian Stock Exchange listing, positioning it as a regional player in green AI and Bitcoin infrastructure. It builds on record quarterly revenue of $87.3 million, Bitcoin capacity above 25 EH/s, and a roadmap exceeding 36,000 GPUs tied to renewable power, including up to 400 MW in Paraguay. Investors may watch execution on Tier III+ AI data centers, GPU deployment milestones, and how Andean market access supports long-term growth plans.

Key Terms

exahash per second technical

"These facilities support more than 25 Exahash per Second ("EH/s") of Bitcoin..."

Exahash per second (EH/s) is a measure of computing power used in cryptocurrency mining equal to one quintillion (10^18) hashing operations every second; think of it like the number of lottery tickets being checked each second. For investors, a higher exahash rate signals a stronger, more secure network and greater competition among miners, which can influence mining profitability, network transaction costs, and the energy intensity tied to the asset.

tier iii+ technical

"converting key locations... into Tier III+ liquid-cooled HPC data centers."

Tier III+ is a classification used mostly for data centers and other critical infrastructure to indicate a high level of uptime and redundancy beyond the standard Tier III benchmark. It means the facility is designed so key systems can be serviced without shutting down operations, reducing the risk of costly interruptions — like having backup engines and parallel systems ready — which matters to investors because lower downtime risk protects revenue, assets and service reputation.

gpu technical

"These facilities can host next-generation GPUs and hyperscale AI workloads..."

A GPU (graphics processing unit) is a specialized computer chip designed to handle many calculations at once, originally for rendering images and video but now widely used for tasks like artificial intelligence, data analysis and high-performance computing. Investors watch GPU demand and prices because strong sales often signal growth for chip makers and their customers, affect profit margins and capital spending, and can forecast wider trends in gaming, AI adoption and cloud services.

data center technical

"renewable-powered data center operator in Latin America..."

A data center is a secure facility that houses large numbers of computers, storage devices and networking gear that run, store and move digital information for businesses and online services. Investors treat data centers like modern warehouses: their occupancy, energy efficiency, connectivity and long-term service contracts drive steady revenue and capital needs, so changes in demand or costs can directly affect profitability and growth prospects.

AI-generated analysis. Not financial advice.

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated November 25, 2025 to its short form base shelf prospectus dated October 31, 2025.

San Antonio, Texas--(Newsfile Corp. - December 11, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) (the "Company" or "HIVE"), a diversified multinational digital infrastructure company, is expanding its Latin American capital-markets presence with a new listing on the Colombian Stock Exchange—one of the region's deepest, broadest, and most institutionally connected exchanges. As part of the integrated Andean marketplace linking Colombia, Peru, and Chile, the exchange provides regional investors with enhanced access and cross-border liquidity.

By joining this platform, HIVE becomes the first Bitcoin-and-AI infrastructure company to list in Colombia, reinforcing its position as a major renewable-powered data center operator in Latin America and complementing its long-standing listings in Canada, Germany, and on Nasdaq.

This milestone strengthens HIVE's visibility among investors seeking exposure to sustainable high-performance computing, Bitcoin mining, and next-generation AI infrastructure across the Americas. It also aligns with Colombia's emergence as a regional technology hub and its growing participation in global AI governance frameworks.

The AI Industrial Revolution: How Bitcoin Miners Became the Early Pioneers

The world is entering a massive AI industrial revolution, with global demand for compute power far outpacing traditional data-center capacity. Industrial AI requires enormous energy throughput, advanced cooling, and highly scalable digital infrastructure—conditions that few industries were prepared to meet.

Bitcoin miners were among the first to solve these problems.

Long before AI hyperscalers began competing for power and GPUs, Bitcoin miners built:

• large-scale compute clusters
• on surplus or stranded energy
• with high uptime requirements
• across remote and renewable energy markets

This early pioneering work demonstrated that renewable, low-cost, underutilized energy could support mission-critical digital infrastructure at industrial scale. That foundation is now enabling the rise of Tier III+ HPC data centers stacked with GPU clusters, the new backbone of global AI computing.

HIVE was among the first to recognize this convergence—and is now executing one of the industry's clearest transitions from Tier I Bitcoin mining to Tier III AI and HPC cloud infrastructure.

Tiered Data Center Growth Strategy: From Tier I Surplus Energy to Tier III AI Compute

• Foundational Tier I Buildout in Paraguay: HIVE has developed large-scale Tier I data centers in Paraguay powered entirely by hydroelectricity. These facilities support more than 25 Exahash per Second ("EH/s") of Bitcoin mining capacity, generating stable, recurring cash flow. Bitcoin miners like HIVE proved early on that large compute clusters could monetize stranded and surplus energy, paving the way for today's AI-driven data-center expansion.

• Upgrading to Advanced Tier III+ HPC: Building on this foundation, HIVE is converting key locations—including operations in Sweden and Canada—from Bitcoin-only Tier I sites into Tier III+ liquid-cooled HPC data centers. These facilities can host next-generation GPUs and hyperscale AI workloads, materially expanding HIVE's addressable market and accelerating time to revenue from enterprise AI and HPC cloud customers.

• Scaling GPU Capacity Across Renewable Power: HIVE's long-term roadmap includes deploying over 36,000 GPUs dedicated to AI and HPC cloud services. Each expansion phase is engineered around renewable, surplus, or stranded energy sources to maximize sustainability, resilience, and low-cost performance for compute-intensive applications.

Multinational Operations and Latin America Expansion

HIVE now operates across nine time zones and five languages, with teams and infrastructure spanning Canada, Sweden and Paraguay. This global footprint strengthens regulatory agility, operational resilience, and local market development.

Paraguay as the Regional Blueprint

HIVE's Paraguay expansion—scaling toward 400 MW of renewable capacity—serves as its blueprint for community-focused digital infrastructure. The initiative includes local hiring, educational partnerships, and green-energy programs that support economic development and digital skills across the region.

A Strategic Inflection Point for Andean Investors

The Bogotá listing marks a strategic inflection point, opening a new, efficient capital-markets channel for investors across the interconnected Andean exchanges of Colombia, Peru, and Chile. It reinforces HIVE's long-term commitment to building responsible, sustainable digital infrastructure in Latin America at a time when the region is expanding its technology footprint and deepening its role in global AI transformation.

Revenue Momentum and Strategic Positioning

HIVE recently reported record quarterly revenue of $87.3 million, representing approximately 285% year-over-year growth, and gross operating margin of $42.4 million (49%), driven by strong Bitcoin production and rapidly rising demand for the company's BUZZ HPC cloud platform.

HIVE is executing a dual-engine strategy:

1. High-efficiency Bitcoin mining provides recurring cash flow.

2. Cash flow is reinvested into Tier III+ AI-ready data center buildouts, powering long-cycle HPC and AI infrastructure growth.

This flywheel positions HIVE to benefit from both Bitcoin's global adoption and the growth of industrial AI computing.

A New Convergence: Bitcoin Mining Meets Industrial AI

HIVE's evolution from Tier I mining assets to advanced Tier III AI data centers reflects a global convergence between digital-asset computation and industrial artificial intelligence. Bitcoin miners were among the first to demonstrate that massive, energy-intensive compute clusters could thrive on renewable, surplus, or stranded energy. Today, that expertise is driving the rise of GPU-dense HPC centers, enabling scientific computing, enterprise AI, and hyperscale cloud workloads.

As the AI super-cycle accelerates, HIVE is positioning itself at this intersection—bridging renewable energy, high-performance computing, and next-generation digital services. With its new listing on the Colombian Stock Exchange, HIVE now provides Latin American investors direct access to this transformation and to the industrial AI revolution reshaping global computing.

About HIVE Digital Technologies Ltd.

Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered exclusively by green energy. Today, HIVE builds and operates next-generation blockchain and AI data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing (HPC) clients. HIVE's twin-turbo engine infrastructure—driven by Bitcoin mining and NVIDIA GPU-accelerated AI computing—delivers scalable, environmentally responsible solutions for the digital economy.

For more information, visit hivedigitaltech.com, or connect with us on:

X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchain

On Behalf of HIVE Digital Technologies Ltd.

"Frank Holmes"
Executive Chairman

For further information, please contact:
Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
Tel: (604) 664-1078

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277531

FAQ

When did HIVE (HIVE) list on the Colombian Stock Exchange?

HIVE announced the Colombia listing on December 11, 2025.

How did HIVE perform financially before the Colombia listing?

HIVE reported a record quarterly revenue of $87.3 million, about +285% YoY, with gross operating margin of $42.4 million (49%).

What does the Bogotá listing mean for HIVE shareholders and Latin American investors?

The listing provides direct access for Andean investors and cross-border liquidity across Colombia, Peru, and Chile.

What strategic shift is HIVE pursuing with its data centers?

HIVE is converting Tier I Bitcoin sites into Tier III+ liquid-cooled HPC facilities to host GPU-dense AI workloads.

How significant is HIVE’s renewable power plan in Paraguay?

HIVE is scaling its Paraguay operations toward about 400 MW of renewable capacity as a regional blueprint.