HIVE Digital Technologies Ltd. (HIVE)
HIVE Digital Technologies swings to a profit in Q3 as it grows revenue and Bitcoin holdings
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) posted strong financial and operational results for the fiscal third quarter, with revenue reaching $29.2 million. This included $26.7 million from digital currency mining and $2.5 million from high-performance computing (HPC) services, with a gross operating margin of $6.1 million or 21%.
HIVE Digital Technologies (HIVE) Reports Q3 Loss, Tops Revenue Estimates
HIVE Digital Technologies (HIVE) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.08 per share a year ago.
HIVE Digital increases total Bitcoin holdings, expands mining operations in Paraguay
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) reported mining 102 Bitcoin (BTC) in January, increasing its total Bitcoin holdings to 2,657 BTC, valued at $271 million as of month-end. The company maintained an average mining capacity of 5.7 Exahash per second (EH/s) and achieved a peak BTC-only hashrate of 6 EH/s.
HIVE Digital Technologies to acquire hydro-powered bitcoin mining facility in Paraguay
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced it has signed a binding letter of intent (LOI) to acquire Bitfarms Ltd's Yguazú 200-megawatt (MW) hydro-powered Bitcoin mining facility in Paraguay for $56 million. The acquisition is expected to increase HIVE's global Bitcoin mining capacity from 6 Exahash per second (EH/s) to 25 EH/s by September 2025, according to a statement from the company.
HIVE Digital Technologies appoints ex-Army general John R Evans
HIVE Digital Technologies Ltd has unveiled the appointment of US Army veteran John R Evans, Jr to its global strategy advisory committee. Having led operations during Desert Storm, Iraq and Afghanistan over a 36-year career, the retired lieutenant general had extensive experience in leadership, crisis management, cybersecurity, and global operations, HIVE said on Wednesday.
HIVE Digital: Outstanding Risk/Reward For The Bulls
HIVE Digital: Outstanding Risk/Reward For The Bulls
HIVE Digital Technology enters 2025 with exceptionally strong balance sheet
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) chair Frank Holmes told investors that the company enters 2025 with an exceptionally strong balance sheet, including treasury holdings of some $261.9 million worth of Bitcoin. The crypto miner and blockchain technology firm on Wednesday reported its production results for December which yielded 103 Bitcoin during the month.
Hive Digital Technologies' Frank Holmes discusses mining efficiency milestone - ICYMI
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chairman Frank Holmes joined Proactive to discuss the Bitcoin miner's recent efficiency achievement of 6 exahash per second. Looking ahead to 2025, Hive aims to reach 15 exahash per second with in six months, targeting 2% of the global Bitcoin network hash rate.
HIVE Digital Technologies achieves operational hashrate milestone following Bitcoin mining fleet upgrade
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced that it has reached an operational hashrate of 6 Exahashes per second (EH/s), a 47% jump from the end of 2023. The company attributed the achievement to the upgrade of its Bitcoin mining fleet with state-of-the-art Avalon machines from Canaan.
HIVE Digital Technologies relocates headquarters to Texas
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) is relocating its headquarters from Vancouver to San Antonio, Texas. In a statement, the blockchain technology company said the move is part of its plan to expand its presence in the US market and align with the country's blockchain and cryptocurrency ecosystem.
HIVE Digital Technologies strengthens AI push with NVIDIA GPU deployment in Quebec
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has announced the expansion of its NVIDIA GPU infrastructure through a $30 million investment, which will see the deployment of two advanced GPU clusters in Quebec. The company said the new supercomputing clusters will expand revenue opportunities and enhance its ability to deliver AI solutions, including AI model training, real-time analytics, and generative AI services.
HIVE Digital Technologies grows Bitcoin holdings, expands mining fleet during November
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) reported that it mined 103 Bitcoin in November, increasing its Bitcoin holdings to 2,713 Bitcoin, a 67% year-over-year rise. HIVE said that it maintained an average mining capacity of 5.3 Exahash per Second (EH/s) with fleet efficiency of 22.3 Joules per Terahash (J/TH) and achieved a peak hashrate of 5.7 EH/s.
