HIVE Digital Technologies Ltd Stock Price, News & Analysis

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.

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.