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 (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.
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. The company's Bitcoin holdings increased 34% year-over-year but decreased month-over-month due to strategic sales for capital investments.
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 significant development includes the acquisition of Bitfarms' 200 MW hydro-powered Bitcoin mining facility in Paraguay, expected to increase HIVE's hashrate to 25 EH/s by September 2025, representing a 317% growth.
The total net cost to complete the Bitfarms site is estimated at $400,000 per MW, with plans to increase total operational capacity to 430 MW by Q3 2025. HIVE also appointed Lt. Gen. John R. Evans Jr. to its Global Strategy Advisory Committee.
HIVE Digital Technologies (NASDAQ: HIVE) has announced its schedule for releasing Q3 2025 financial results and hosting an earnings conference call. The company will release its financial results for the quarter ended December 31, 2024, on Tuesday, February 11, 2025 after market close.
A conference call and webcast will follow on Wednesday, February 12, 2025 at 8:30 AM EST. Participants are advised to log in or dial in approximately 5 minutes before the call begins. The earnings release and a replay of the call will be accessible through HIVE's investor relations website.
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