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 ordered 5,000 Canaan Avalon A15-194T ASIC miners, following a previous purchase of 6,500 units earlier in November 2024. This upgrade will increase HIVE's operational capacity from 5.6 EH/s to 6.4 EH/s, improving fleet efficiency from 22.3 J/TH to 19.5 J/TH by end of 2025. The company is also developing a 100 MW green energy facility in Paraguay, expected to reach 30 MW (2 EH/s) by early Q2 2025, with plans to achieve a total hashrate of 12.8 EH/s and fleet efficiency of 17.25 J/TH by Q3 2025.
HIVE Digital Technologies reported Q2 FY2025 results with $22.6 million in revenue, including $20.8M from digital mining and $1.9M from HPC services. The company achieved $5.6 million in Adjusted EBITDA and mined 340 Bitcoin during the quarter. HIVE's digital currency assets reached $165.2 million, including 2,604 Bitcoin. The company reported a net loss of $7.3 million, improving from $22.9 million loss in the previous year. HIVE's Bitcoin mining hashrate grew 14% to 5.6 EH/s, with plans to reach 12.5 EH/s by late 2025. The company raised $4.5 million through an ATM equity program and initiated a new $200 million ATM program.
HIVE Digital Technologies has announced a major order of 6,500 Canaan Avalon A1566 ASIC Miners and the groundbreaking of a 100 MW facility in Paraguay. The new miners, delivering 185 TH/s at 16.5 J/TH efficiency, will replace older 30 J/TH ASICs. The first 500 units will be operational this week, with remaining deliveries scheduled through March 2025. This upgrade will increase HIVE's capacity to 6 EH/s and improve fleet efficiency to 20.5 J/TH. The Paraguay facility's construction has begun, with 30 MW expected online by early Q2 2025, targeting a total hashrate of 12.5 EH/s with 17.6 J/TH efficiency when fully operational by Q3 2025.
HIVE Digital Technologies reported its October 2024 production results, mining 117 BTC (1% increase month-over-month) with an average mining capacity of 5.3 EH/s. The company's HODL portfolio reached 2,624 BTC, a 51% year-over-year increase, valued at over $184 million. Fleet efficiency maintained at 22.3 J/TH with a peak hashrate of 5.6 EH/s.
HIVE began construction of a new 100 MW facility in Paraguay, aiming to capture 2% of global Bitcoin mining capacity. The company also issued 2,442,000 restricted share units to employees, officers, directors, and consultants, vesting over two years.
HIVE Digital Technologies (NASDAQ: HIVE) has scheduled the release of its Q2 2025 financial results for November 13, 2024, before market open. The company, which specializes in green energy-powered blockchain infrastructure, will host an earnings conference call and webcast at 8:30 AM EST on the same day. Interested participants are advised to register approximately 5 minutes before the call begins. The earnings release and call replay will be available on HIVE's investor relations website.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) reported its September 2024 performance, mining 112 Bitcoin and increasing its HODL portfolio to 2,604 BTC, a 50% growth over 12 months. The company maintained a strong mining capacity of 5.6 Exahash per second (EH/s) with an average of 5.3 EH/s, primarily using hydroelectric power.
Key highlights include:
- Mining efficiency of 21.1 Bitcoin per Exahash
- Daily production rate of 3.73 BTC
- Bitcoin HODL valued at over $160 million as of September 30, 2024
- Plans to upgrade ASIC fleet to S21 Pro models, potentially lowering Bitcoin production cost to $28,500
- Contribution to grid balancing in Sweden
- Partnership with Stifel for At-The-Market (ATM) offering
- Filed Base Shelf Prospectus for $300 million to support upgrades and expansion in Paraguay
HIVE Digital Technologies has announced an updated at-the-market (ATM) equity program, entering into an equity distribution agreement with Stifel as lead agent and a syndicate including Canaccord Genuity, Roth Canada, B. Riley Securities, and Northland Capital Markets. The ATM Program allows HIVE to sell up to US$200 million of common shares at its discretion, with the flexibility to terminate before reaching the full amount.
Proceeds will be used for general corporate requirements, debt repayments, and potential future acquisitions. Shares will be sold at the prevailing market price. Details are available in a prospectus supplement dated October 3, 2024, supplementing the base shelf prospectus dated September 11, 2024, filed in Canada and with the U.S. SEC.
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 (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
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