HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chairman Frank Holmes talked with Proactive about the company's strategic growth through its expansion into Paraguay and the scaling of its high-performance computing (HPC) capabilities. Holmes outlined how HIVE increased its electricity capacity from 100MW to over 300MW in Paraguay by acquiring Bitfarms' operation.
HIVE's Q4 results reinforce my view that Bitcoin mining is structurally unprofitable, with declining revenues despite higher Bitcoin prices and hashrate. The company's relentless capacity expansion is necessary to keep pace with industry difficulty, but it results in a never-ending cycle of capital investment and little financial return. HIVE's HPC/AI business remains insignificant compared to industry leaders, offering no meaningful diversification or growth opportunity.
HIVE Digital Technologies Ltd. (NASDAQ:HIVE ) Q4 2025 Results Conference Call June 26, 2025 8:00 AM ET Company Participants Aydin Kilic - President & CEO Darcy Daubaras - Chief Financial Officer Frank Edward Holmes - Executive Chairman Nathan Fast - Corporate Participant Conference Call Participants Bill Papanastasiou - Keefe, Bruyette, & Woods, Inc., Research Division Chris Brendler - Unidentified Company Michael Anthony Colonnese - H.C.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) finished its fiscal year strong, reporting $115.3 million in revenue and $56.2 million in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), while expanding its presence in Bitcoin mining and AI-driven high-performance computing (HPC) hosting services. The company mined 1,414 Bitcoin during the year and more than tripled its AI GPU cloud revenue, it said in a statement on Thursday.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced that its wholly owned subsidiary BUZZ High Performance Computing (BUZZ HPC) has launched a new NVIDIA Hopper GPU cluster in Quebec. This marks one of three supercomputing clusters currently operated by the company across Canada and Sweden.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has signed a deal to acquire a data center facility in Toronto with approximately 7.2 megawatts of installed capacity. The company said the purchase, made through its wholly owned subsidiary BUZZ High Performance Computing Inc., will support large-scale AI training, inference, and cloud services aimed at Canadian enterprises, government programs, and researchers.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced that it has exceeded 11 Exahash per second (EH/s) of global Bitcoin mining hashrate, reaching an operational level of 11.4 EH/s. This milestone follows the early completion of Phase 1 of the company's Yguazú project in Paraguay, which added 100 megawatts (MW) of power capacity.
HIVE's price has dropped, but the value proposition is now even stronger with a bullish technical setup and clear line in the sand. Seasonality is favorable for HIVE in June and July, and revenue/earnings estimates have improved significantly since January. HIVE's mining capacity and efficiency are set to surge, with major growth expected in both Bitcoin mining and HPC/AI segments.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chairman Frank Holmes talked with Proactive about the company's major milestone of hitting 10 Exahash (EH/s) in Bitcoin mining capacity. He detailed how Hive was able to achieve this rapid growth through the acquisition of partially completed Bitfarms facilities in Paraguay.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced a 58% increase in peak Bitcoin mining hashrate for May 2025, rising from 6.6 EH/s in April to 10.4 EH/s, as the company continues to scale operations and expand capacity. The company attributed this growth to the successful energization of HIVE's 100 MW hydro-powered facility in Paraguay, contributing to its global network powered entirely by hydroelectric energy.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced it has surpassed 10 exahash per second (EH/s) in global Bitcoin mining hashrate as it continues to expand its Paraguay facility. Over the past month, the company has added 1 EH/s each week and is currently ahead of schedule to reach its Phase 1 goal of 11.5 EH/s by the end of June 2025.
HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chairman Frank Holmes joined Proactive to talk about the company's exponential growth plans and progress during what he described as a “transformative year.” Holmes shared that HIVE started the year with 6 exahash (EH/s) and plans to scale up to 10 exahash over a short timeline, in alignment with its operational blueprints.