what's HIVE Digital Technologies?
HIVE Digital Technologies is a publicly listed company operating sustainable data centers powered by green energy, primarily focused on Bitcoin mining and high-performance computing (HPC) for AI workloads. The company converts surplus renewable energy into Bitcoin through mining operations and channels the same infrastructure for GPU-based AI compute, creating a dual-revenue model. Its facilities emphasize energy efficiency, with Bitcoin serving as a portable digital asset derived from stranded power, enabling global liquidity without transmission limits.
HIVE ceases Swedish Bitcoin mining, converts sites to AI/HPC data centers.
Plans to cease Bitcoin mining operations in Sweden and convert the sites to Tier III data centers for AI/HPC usage due to regulatory challenges.
Record quarterly revenue reaches $87.3M with shares rising 7.5%.
Completes $1.7 million land purchase in Canada for AI data center development.
Mining capacity reaches 23 EH/s with 25 EH/s target accelerated to month-end (previously targeted by Thanksgiving), powered by full deployment of 100 MW Paraguay hydroelectric campus to fund AI infrastructure expansion.
Stock surges 25%+ following September report showing 267 BTC mined, representing 8% monthly growth and 138% year-over-year increase.
Company reports 22% monthly Bitcoin production growth to 247 BTC as Phase 3 Valenzuela ASICs go live, increasing hashrate to 18.5 EH/s with 25 EH/s target by Thanksgiving.
Phase 2 of Paraguay facility completed ahead of schedule, achieving 18 EH/s hashrate and mining 8.5 BTC/day with 18.5 J/TH efficiency.
Currently holds 2805 BTC and targets 0.5-0.7 GW capacity by end of 2025, with 0.2 GW dedicated to HPC/AI operations.
Q1 FY26 revenue reaches $45.6M (+45% QoQ) with 8.9 EH/s hashrate; HPC hosting revenue grows 60% to $4.8M
New 100MW Bitcoin mining facility completed in Paraguay, featuring 5 EH/s mining capacity potential.