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HIVE Digital Technologies Ltd (HIVE) delivers blockchain infrastructure solutions through sustainable Bitcoin mining operations powered by renewable energy. This news hub provides investors and industry observers with timely updates on corporate developments shaping the digital asset ecosystem.
Access authoritative reporting on HIVE's strategic initiatives, including ASIC mining advancements, global facility expansions, and energy-efficient operations. Our curated news collection covers essential updates: quarterly financial results, technology partnerships, regulatory compliance developments, and infrastructure upgrades.
Monitor HIVE's progress in merging cryptocurrency mining with environmental responsibility through verified press releases and analysis. Discover how the company leverages hydroelectric power and AI-driven operational analytics to maintain competitive advantage in blockchain infrastructure markets.
Bookmark this page for consolidated access to HIVE's latest announcements, including leadership changes, mining capacity updates, and sustainability reports. Check regularly for new insights into one of cryptocurrency's most technologically advanced and ecologically conscious mining operations.
HIVE Digital Technologies has announced a binding LOI to acquire Bitfarms' 200 MW hydro-powered Bitcoin mining facility in Yguazú, Paraguay. The $56 million acquisition will boost HIVE's global Bitcoin mining hashrate from 6 EH/s to an anticipated 25 EH/s by September 2025.
The development includes two phases: Phase 1, scheduled for April 2025, will add 6 EH/s, while Phase 2, expected by August 2025, will contribute 6.5 EH/s using hydro-cooled ASICs. The total net costs to complete the site are estimated at $400,000 per MW.
The transaction terms include $25 million payable at closing in Q1 2025 and $31 million in installments over six months. HIVE will also assume $19 million in PPA deposits and remaining construction costs. The company has already secured ASICs for 15 EH/s and plans additional purchases to reach its 25 EH/s target.
HIVE Digital Technologies has announced a significant addition to its leadership team with Lieutenant General (Ret.) John R. Evans Jr. joining its Global Strategy Advisory Committee. This appointment comes at a important time as data centers are increasingly becoming a matter of national security priority.
The company, which operates sustainable data center infrastructure across nine time zones and conducts business in five languages, views this appointment as a strategic move to enhance its global operations. HIVE's focus remains on expanding its global footprint while maintaining high standards in security, sustainability, and resilience.
This announcement was made as a designated news release in connection with the Company's prospectus supplement dated October 3, 2024, to its short form base shelf prospectus dated September 11, 2024.
HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) has announced the appointment of Lieutenant General (Ret.) John R. Evans Jr. to its Global Strategy Advisory Committee. This strategic addition comes as data centers are increasingly recognized as a national security priority.
The company, which operates sustainable data center infrastructure across nine time zones and conducts business in five languages, views this appointment as a significant step in its mission to expand its global footprint responsibly. The announcement emphasizes HIVE's commitment to maintaining high standards in security, sustainability, and operational resilience.
HIVE Digital Technologies has released its December 2024 production results, highlighting significant growth and strategic developments. The company mined 103 BTC, increasing its HODL portfolio to 2,805 BTC, representing a 64.6% year-over-year increase. The company maintained an average mining capacity of 5.5 EH/s, with fleet efficiency at 22 J/TH, reaching peak BTC hashrates of 6.0 EH/s.
Key achievements include Bitcoin holdings valued at $261.9 million as of December 31, 2024, with BTC closing at approximately $93,400. HIVE's operational hashrate grew 47% year-over-year to 6.0 EH/s, driven by fleet upgrades with Avalon machines. The company targets reaching 15.0 EH/s by end-2025, supported by a 100 MW hydroelectric-powered expansion in Paraguay.
Strategic developments include securing competitive energy pricing in Sweden and relocating headquarters from Vancouver to San Antonio, Texas. HIVE plans to transition to US GAAP reporting starting fiscal year ending March 31, 2025.
HIVE Digital Technologies has released its December 2024 production results, mining 103 BTC and reaching a HODL portfolio of 2,805 BTC, marking a 64.6% year-over-year increase. The company maintained an average mining capacity of 5.5 Exahash per Second with fleet efficiency at 22 J/TH, achieving a peak BTC hashrate of 6.0 EH/s.
HIVE's Bitcoin holdings were valued at $261.9 million as of December 31, 2024, with BTC price at $93,400. The company plans to expand its global hashrate capacity to 15.0 EH/s by end of 2025, supported by a 100 MW hydroelectric-powered expansion in Paraguay. Additionally, HIVE announced the relocation of its headquarters from Vancouver to San Antonio, Texas, and plans to transition to US GAAP reporting starting fiscal year ending March 31, 2025.
HIVE Digital Technologies has announced reaching a significant milestone of 6.0 Exahashes per second (EH/s) in operational hashrate, representing a 47% year-over-year growth from 4.08 EH/s at December 31, 2023. This achievement was accomplished through fleet upgrades using state-of-the-art Avalon machines from Canaan Inc.
The company has secured competitive energy pricing in Sweden with sub-2-cent rates per kilowatt-hour. HIVE projects reaching 15 EH/s of global hashrate capacity by the end of 2025, targeting a blended fleet efficiency of 17 joules per terahash (J/TH) through its 100 MW hydroelectric-powered expansion in Paraguay.
Executive Chairman Frank Holmes emphasized HIVE's successful navigation through its second Bitcoin Halving event, focusing on efficiency optimization and securing attractive pricing in Sweden to reduce Bitcoin production costs and enhance investment returns.
HIVE Digital Technologies has achieved a significant milestone of 6.0 Exahashes per second (EH/s) of operational hashrate, representing a 47% year-over-year growth from 4.08 EH/s at December 31, 2023. This advancement was accomplished through the upgrade of their Bitcoin mining fleet with new Avalon machines from Canaan Inc.
The company has secured competitive energy pricing in Sweden with electricity costs below 2 cents per kilowatt-hour. HIVE projects reaching 15 EH/s of global hashrate capacity by the end of 2025, targeting a blended fleet efficiency of 17 joules per terahash (J/TH) following the completion of their 100 MW hydroelectric-powered expansion in Paraguay.
HIVE Digital Technologies has announced the strategic relocation of its head office from Vancouver, Canada to San Antonio, Texas, along with 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 favorable business environment.
Key advantages of the relocation include access to deeper capital markets, with U.S. markets featuring $40 trillion capitalization and $500 billion daily trading volumes. The company has signed a lease agreement in San Antonio, while the CFO and CEO will remain in Canada. HIVE plans to hire an Internal Auditor with Sarbanes-Oxley expertise in San Antonio.
The transition to US GAAP reporting is expected to enhance comparability with peers and align with U.S. investor expectations. The company maintains its commitment to sustainable operations and green blockchain innovation, leveraging the U.S. market's diverse renewable energy resources.
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.
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