HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) announced that it has signed a non-binding letter of intent with an investment-grade sovereign Swedish technology company for a potential lease of its 32-megawatt data center in Boden, Sweden, for a term of up to 10 years. The announcement follows the June 18 approval by the Boden Municipal Council of HIVE's acquisition of the facility from Bodens Utvecklings AB.
HIVE Digital (HIVE) shares soared on Monday morning as investors reacted to the firm's recently announced pivot from BTC mining into AI and high-performance computing (HPC) infrastructure. Late last week, HIVE said its wholly owned subsidiary, BUZZ HPC, signed a massive three-year commercial contract valued at about $220 million.
HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) announced that it has completed its first artificial intelligence research project using graphics processing units (GPUs) in Paraguay in collaboration with Columbia University's Department of Industrial Engineering and Operations Research. The company said the research has been submitted to the Conference on Neural Information Processing Systems (NeurIPS), a major annual conference focused on machine learning and computational neuroscience.
HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) announced that it has received approval from the Boden Municipal Council to acquire the Big Boden 32-megawatt data center in Sweden from Bodens Utvecklings AB, a facility that has housed the company's Swedish operations since 2018. The acquisition, which remains subject to customary closing conditions, would allow HIVE to transition from leasing the site to owning it outright.
HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) CFO Darcy Daubaras says the company is entering a new phase of growth after delivering record fiscal year-end results. With Bitcoin mining expansion in Paraguay providing strong cash flow, HIVE is now accelerating its AI infrastructure strategy through Canadian data centers and its Bell partnership.
HIVE Digital Technologies NASDAQ: HIVE gave investors a report that, at first glance, supports its bitcoin mining to high-performance computing (HPC) pivot. For its full fiscal year 2026, the company generated revenue of $297.80 million, up 158% year over year.
HIVE Digital Technologies (HIVE) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to a loss of $0.31 per share a year ago.
HIVE Digital Technologies NASDAQ: HIVE reported sharp year-over-year revenue growth for its fiscal 2026 and used its earnings call to outline an expanded strategy centered on high-performance computing, artificial intelligence infrastructure and continued Bitcoin mining cash flow.
HIVE Digital Technologies Ltd (TSX:HIVE, NASDAQ:HIVE, FRA:YO0, BVC:HIVECO) reported a 158% jump in revenue from the year prior as the company pushes toward an ambitious $660 million annual recurring revenue target anchored by a major Canadian AI infrastructure buildout. The Vancouver-based Bitcoin miner and data centre operator posted fiscal year 2026 revenue of $297.8 million, driven by a 164% jump in digital currency revenue to $278.3 million and a record $19.5 million from its BUZZ high-performance computing business, up 94% year-over-year.
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HIVE Digital Technologies (HIVE) is rapidly transitioning from a renewable bitcoin miner to an AI infrastructure leader, with a Strong Buy rating. BUZZ, HIVE's AI cloud subsidiary, is gaining traction with enterprise GPU contracts and a strategic partnership with Bell Canada, positioning HIVE for sovereign AI workloads. HIVE's recent acquisition of 25 acres and 320 MW power in the Toronto area sets the stage for one of Canada's largest AI gigafactories, targeting future GPU demand.
HIVE Digital Technologies NASDAQ: HIVE is executing a masterclass in capital reallocation, weaponizing its legacy crypto-mining power portfolio to capture the explosive demand for sovereign artificial intelligence infrastructure.