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. (HIVE) generates frequent news as a diversified multinational digital infrastructure company active in Bitcoin mining and AI-driven high-performance computing. Its updates often cover operational milestones in renewable-powered data centers across Canada, Sweden, and Paraguay, as well as developments in its BUZZ High Performance Computing (BUZZ HPC) subsidiary.
Readers following HIVE news can expect detailed monthly and quarterly production reports, including Bitcoin output, hashrate in exahash per second, and fleet efficiency metrics. The company regularly announces progress on large-scale hydroelectric-powered data center projects in Paraguay, such as capacity expansions at its Valenzuela and Yguazú campuses, and provides commentary on its share of the global Bitcoin network.
HIVE’s news flow also highlights its transition toward Tier III+ AI and HPC data centers. Releases describe upgrades at the Grand Falls campus in New Brunswick and the Toronto facility, as well as retrofits in Boden, Sweden, to support GPU-intensive AI workloads. Announcements from BUZZ HPC include partnerships for AI infrastructure, independent benchmark rankings for AI cloud performance, and plans to deploy clusters of latest-generation GPUs.
Capital-markets and corporate updates appear frequently, including at-the-market equity programs, new stock exchange listings such as the Colombian Stock Exchange, and related SEC Form 6-K filings. Strategic initiatives in Latin America, including the launch of an AI BUZZ Cloud platform in Paraguay through a joint venture with a leading telecommunications operator, also feature prominently.
By monitoring this news page, investors and observers can track HIVE’s Bitcoin production trends, AI and HPC infrastructure buildout, renewable energy footprint, and financing activities, all based on the company’s official disclosures and regulatory filings.
HIVE Digital Technologies has announced the strategic relocation of its head office from Vancouver, Canada to San Antonio, Texas, and a transition to US GAAP reporting starting March 31, 2025. The move aims to position HIVE within the U.S. market's thriving blockchain ecosystem and capitalize on its robust capital markets.
The company has signed a lease agreement in San Antonio, though the CFO and CEO will remain in Canada. The relocation is expected to enhance shareholder value, increase stock trading liquidity, and accelerate growth in blockchain and AI-driven data centers. HIVE is also planning to hire an Internal Auditor with Sarbanes-Oxley expertise in San Antonio.
The transition to US GAAP reporting is designed to improve comparability with U.S. peers and align with U.S.-based investors' expectations.
HIVE Digital Technologies has announced a $30 million investment in NVIDIA GPU clusters for AI and high-performance computing in Quebec. The deployment includes a 248 GPU H100 cluster set to be operational by end of 2024, expected to generate approximately $15 million in annualized revenue, and a 508 GPU H200 cluster arriving in January 2025, projected to contribute over $20 million in annualized revenue by Q2 2025.
The Quebec-based clusters, powered by 100% renewable energy, will support AI computing services including model training, real-time analytics, and generative AI solutions. The company highlights that revenue potential from 10 MW of HPC NVIDIA chips serving AI demand equals that of 100 MW of Bitcoin mining, marking a strategic diversification of HIVE's business model.
HIVE's HPC business reached approximately $10 million in annualized run-rate revenue in October-November 2024, with plans to target $100 million in annual revenue by 2025 through HPC services and data center infrastructure conversion.
HIVE Digital Technologies announces a $30 million investment in NVIDIA GPU clusters in Quebec, comprising 248 H100 GPUs and 508 H200 GPUs. The H100 cluster will be operational by end-2024, expected to generate $15 million in annualized revenue, while the H200 cluster arrives in January 2025 with anticipated revenue over $20 million by Q2 2025.
The deployment leverages 100% renewable energy and positions HIVE to meet growing AI computing demands. The company expects HPC services annualized run-rate revenue to exceed $20 million by Q2 2025, focusing on cloud computing and AI model training services. The revenue potential from 10 MW of HPC NVIDIA chips serving AI demand is comparable to 100 MW of Bitcoin mining.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) announced that shareholders approved all resolutions at its 2024 annual general and special meeting held on December 11, 2024. The board of directors was set at four members, with Frank Holmes, Susan McGee, Marcus New, and Dave Perrill being re-elected. Davidson & Company LLP was re-appointed as the independent external auditor. Shareholders also approved the company's amended incentive stock option plan and restricted share unit plan.
HIVE Digital Technologies has released its November 2024 production results, mining 103 BTC and maintaining a HODL portfolio of 2,713 BTC, representing a 67% year-over-year increase. The company maintained an average mining capacity of 5.3 Exahash per Second with fleet efficiency at 22.3 J/TH.
Key strategic developments include the purchase of 11,500 Avalon ASIC miners from Canaan Inc. and 8.6 EH/s of Bitmain's S21+ Hydro machines, targeting a total Bitcoin mining capacity of 15 EH/s by summer 2025. This expansion is projected to generate over $300 million in annual revenue and deliver more than $200 million in mining margin.
The company's Bitcoin holdings were valued at over $261 million as of November 30, 2024, with BTC closing at approximately $96,400. HIVE achieved an average daily production rate of 3.42 BTC, equivalent to 19.3 Bitcoin per Exahash.
HIVE Digital Technologies has released its November 2024 production results, mining 103 BTC and maintaining a HODL portfolio of 2,713 BTC (67% YoY increase). The company maintained an average mining capacity of 5.3 EH/s with fleet efficiency at 22.3 J/TH, reaching peak hashrate of 5.7 EH/s.
The company announced significant fleet upgrades through the purchase of 11,500 Avalon ASIC miners from Canaan Inc. and 8.6 EH/s of Bitmain's S21+ Hydro machines. These acquisitions aim to achieve a total Bitcoin mining capacity of 15 EH/s by summer 2025, with expected annual revenue of over $300 million and mining margin exceeding $200 million based on current economics.
HIVE Digital Technologies has announced a major expansion with the acquisition of 8.6 EH/s of Bitmain S21+ Hydro chips. The initial order includes 13,480 units (4.3 EH/s) at $14/TH, with delivery scheduled for April-May 2025, plus an option for an additional 13,480 units. This expansion will increase HIVE's Bitcoin mining hashrate to 15 EH/s by summer 2025, representing 2% of the global Bitcoin network. The company projects $300 million in annualized revenue and over $200 million in mining margin based on current economics. The new miners feature 15 J/TH efficiency and will be powered by green energy infrastructure in Paraguay, with an expected ROI of 10 months.
HIVE Digital Technologies has announced a major acquisition of 8.6 EH/s of Bitmain S21+ Hydro chips, aiming to reach 15 EH/s of Bitcoin mining capacity by summer 2025. The initial order includes 13,480 units (4.3 EH/s) for delivery in April-May 2025 at $14/TH, with an option to purchase another 13,480 units within a year. The company projects $300 million in annualized revenue and $200 million in mining margin at current mining economics. By Q1 2025, HIVE will achieve 6.4 EH/s following fleet upgrades, improving global mining efficiency to 19.5 J/TH. The deployment in Paraguay leverages hydro power and is expected to yield an ROI of approximately 10 months.
HIVE Digital Technologies announces progress in its green energy strategy and support from proxy advisory firms for its upcoming Annual General Meeting. The company reports doubling its Bitcoin holdings while advancing its AI strategy with NVIDIA chips. Leading proxy firms ISS and Glass Lewis have recommended shareholders vote 'FOR' all proposed resolutions at the December 11, 2024 meeting. Frank Holmes, Executive Chairman, emphasizes these endorsements validate HIVE's commitment to sustainable growth and shareholder value.
HIVE Digital Technologies announces progress in its green energy strategy and support from proxy advisory firms for its upcoming shareholder meeting. The company reports doubling its Bitcoin holdings while advancing its AI strategy with NVIDIA chips. Leading proxy advisory firms ISS and Glass Lewis have recommended shareholders vote 'FOR' all proposed resolutions at the Annual General and Special Meeting scheduled for December 11, 2024. The meeting will take place in Vancouver, with a proxy voting deadline of December 9, 2024. Shareholders can vote online or by telephone, particularly important due to the current Canadian postal strike.
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