HIVE Digital Technologies Ltd Stock Price, News & Analysis

HIVE Digital Technologies (NASDAQ: HIVE) has appointed Gabriel Lamas as Country President of Paraguay, marking a significant expansion of its sustainable blockchain infrastructure operations. Lamas, an electrical engineer with over 20 years of expertise, brings extensive experience in infrastructure, operations, and large-scale energy projects.

Previously serving as LATAM Director of Infrastructure and Operations at Bitfarms , Lamas has demonstrated leadership in critical technical initiatives and played a key role in the ITAIPU Retrofit Tender. At Paraguay's National Utility ANDE, he managed dam reservoir operations and national energy demand forecasting.

As HIVE becomes the largest private electricity consumer from ANDE, Lamas will focus on generating U.S. dollar-denominated revenue for the government while expanding HIVE's operations. The appointment follows HIVE's acquisition of Bitfarms' Paraguay assets and aligns with the company's commitment to sustainable growth and technological excellence in digital infrastructure.

HIVE Digital Technologies (NASDAQ: HIVE) has appointed Gabriel Lamas as Country President of Paraguay to lead operations and expansion in the region. Lamas, an electrical engineer with over 20 years of expertise in infrastructure and energy projects, joins HIVE from his previous role at Bitfarms , where he served as LATAM Director of Infrastructure and Operations.

His experience includes managing dam reservoir operations and national energy demand forecasting at Paraguay's National Utility, ANDE. As HIVE becomes the largest private electricity consumer from ANDE, Lamas will be instrumental in generating U.S. dollar-denominated revenue for the government while expanding the company's sustainable blockchain infrastructure and high-performance computing operations.

The appointment follows HIVE's acquisition of Bitfarms' Paraguay assets, where Lamas' technical expertise in power infrastructure and data centers will be important for the company's growth strategy in sustainable digital infrastructure operations throughout 2025 and beyond.

HIVE Digital Technologies has released its February 2025 production results, mining 89 BTC and maintaining a HODL portfolio of 2,620 BTC valued at $220 million (at $84,000 BTC price). The company maintained an average mining capacity of 5.6 Exahash per Second with 20.9 J/TH fleet efficiency.

The company's strategic developments include:

• A planned expansion in Paraguay to increase hashrate from 6 EH/s to 25 EH/s by September 2025
• Progress on two 100 MW facilities at Yguazú and Valenzuela, targeting 18 EH/s by June 2025
• GPU business unit achieving $13 million annualized run-rate revenue, targeting $20 million by Q2 2025
• Strategic sale of BTC holdings to invest in Bitfarms' 200 MW hydro-powered mining assets in Paraguay

The company appointed Craig Tavares as President and COO of Buzz HPC to strengthen its high-performance computing and GPU cloud services operations.

HIVE Digital Technologies has released its February 2025 production results, mining 89 BTC and maintaining a HODL portfolio of 2,620 BTC valued at $220 million (at $84,000/BTC). The company's Bitcoin holdings increased 23% year-over-year, though decreased month-over-month due to strategic BTC sales for capital investments.

The company maintained an average mining capacity of 5.6 Exahash per Second with 20.9 J/TH fleet efficiency, achieving peak BTC-only hashrate of 6.2 EH/s. Daily production averaged 3.2 BTC, equivalent to 16 BTC per Exahash.

HIVE is executing a major expansion in Paraguay, aiming to quadruple hashrate from 6 EH/s to 25 EH/s by September 2025. The company expects to reach 18 EH/s by June 30, 2025, through the development of facilities at Yguazú and Valenzuela. Additionally, HIVE's GPU business unit achieved $13 million annualized run-rate revenue in late February, targeting $20 million by Q2 2025.

HIVE Digital Technologies (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) has announced the appointment of Craig Tavares as President and Chief Operating Officer of Buzz HPC. In this role, Tavares will be responsible for leading the company's GPU Cloud and High-Performance Computing (HPC) data center business. This announcement comes as part of HIVE's strategic expansion in sustainable data center infrastructure, where they maintain a position as a global leader.

The announcement was made through a designated news release related to 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 Craig Tavares as President and Chief Operating Officer of Buzz HPC. In this role, Tavares will be responsible for leading the company's GPU Cloud and High-Performance Computing (HPC) data center business. This announcement comes as part of HIVE's strategic focus on sustainable data center infrastructure.

HIVE Digital Technologies reported strong Q3 FY2025 results with total revenue of $29.2 million and net income of $1.3 million. The company achieved Adjusted EBITDA of $17.3 million and mined 322 Bitcoin during the quarter.

Key highlights include:

• Digital currency assets valued at $260.8 million, including 2,805 Bitcoin
• HPC business reached $10 million annualized run rate
• Operating margins of $6.1 million from Bitcoin mining and HPC operations

The company's expansion plans in Paraguay remain on track, with a 300 MW project expected to increase hashrate from 6 EH/s to 25 EH/s by September 2025. HIVE also implemented an ATM Program allowing for up to $200 million in common share sales, with $87.5 million already raised through the issuance of 21.3 million shares at an average price of C$5.74.

HIVE Digital Technologies reported strong Q3 FY2025 results with total revenue of $29.2 million, including $26.7 million from digital currency mining and $2.5 million from high-performance computing (HPC). The company achieved net income of $1.3 million and Adjusted EBITDA of $17.3 million.

Key highlights include mining 322 Bitcoin during the quarter, with total holdings reaching 2,805 Bitcoin valued at $260.8 million. The company's HPC business achieved a $10 million annualized run rate. HIVE's expansion plans in Paraguay aim to increase hashrate from 6 EH/s to 25 EH/s by September 2025, with a 300 MW facility development underway.

The company raised $87.5 million through an ATM equity program, issuing 21.3 million shares at an average price of C$5.74. These funds will support equipment purchases, strategic investments, and working capital needs.

HIVE Digital Technologies has released its January 2025 production results, mining 102 BTC and maintaining a HODL portfolio of 2,657 BTC valued at $271 million (at BTC price of $102,000). The company maintained an average mining capacity of 5.7 Exahash per Second with fleet efficiency at 22 J/TH, achieving a peak BTC-equivalent hashrate of 6.4 EH/s.

A major highlight is HIVE's acquisition of a 200 MW hydro-powered Bitcoin mining facility in Paraguay from Bitfarms This strategic move is expected to increase the company's global Bitcoin mining hashrate to 25 EH/s by September 2025, representing a 317% increase. The total net cost to complete the Bitfarms site is estimated at $400,000 per MW, with total operational capacity projected to reach 430 MW by Q3 2025.

The company is focusing on fleet efficiency upgrades and has appointed Lieutenant General (Ret.) John R. Evans Jr. to its Global Strategy Advisory Committee. HIVE is targeting a blended fleet efficiency of 16.5 J/TH upon full deployment of its expansion plans.