Core Insights - HIVE Digital Technologies has completed Phase 2 of its Yguazú Project in Paraguay, achieving a global Bitcoin mining capacity of over 18 EH/s ahead of schedule, and is currently producing more than 8.5 Bitcoin per day [3][4][11] - The operations are powered by renewable hydroelectric energy from the Itaipú Dam, the largest hydroelectric facility in the Western Hemisphere [3][4] - The company aims to expand its capacity to 25 EH/s by U.S. Thanksgiving, projecting daily Bitcoin production of approximately 12 BTC at that scale [7][11] Company Operations - HIVE operates a dual business model, focusing on Bitcoin mining and AI cloud computing powered by GPUs in high-performance computing (HPC) data centers [5][12] - The Yguazú site has a capacity of 200 MW using hydroelectric power, with a global fleet efficiency of approximately 18.5 J/TH [4][11] - The company has successfully developed hydro ASIC cooling infrastructure to optimize operational efficiency in the local climate [6] Future Plans - Phase 3 at the Valenzuela site is substantially complete, with ASIC installations scheduled to begin shortly, contributing an additional 100 MW of green energy infrastructure [6][10] - HIVE has already paid for and received the ASICs for Phase 3, with further installations expected to enhance production capabilities [9][10] - The company anticipates that each incremental exahash will increase daily production and revenue potential, supported by fixed-rate hydroelectric power [11][12]

Core Insights - HIVE Digital Technologies Ltd. has completed Phase 2 of its Yguazú project ahead of schedule, achieving a global Bitcoin mining capacity of over 18 Exahash per second (EH/s) [3][4] - The company is currently mining over 8.5 Bitcoin per day, utilizing renewable hydroelectric energy from the Itaipú Dam in Paraguay [3][4] - HIVE's dual business model includes Bitcoin mining and AI cloud computing, positioning the company for growth in both sectors [5][13] Company Operations - The Yguazú site now operates with 200 megawatts (MW) of hydroelectric power, contributing to a global fleet efficiency of approximately 18.5 Joules per Terahash (J/TH) [4] - HIVE anticipates that upon completion of the Valenzuela site, it will reach a total capacity of 25 EH/s, with projected daily Bitcoin production of approximately 12 BTC [8] - The company has successfully managed the installation of ASICs and is on track for further expansion, with all necessary capital expenditures already made [9][11] Future Projections - HIVE expects to maintain consistent growth aligned with the established economics of its Paraguay operations, with each incremental exahash increasing daily production and revenue potential [12] - The company has a predictable cost structure due to fixed-rate hydroelectric power and minimal incremental labor costs [12] - Management emphasizes the importance of operational excellence and creating lasting value for shareholders through disciplined growth [5][13]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Points - HIVE Digital Technologies has surpassed 16 EH/s of global Bitcoin mining hashrate, aiming for 25 EH/s by U.S. Thanksgiving [2][3] - The company's daily Bitcoin output has increased to over 8 BTC, doubling production since May [3] - HIVE's expansion in Paraguay is a key driver of this growth, with over 5 EH/s of next-generation miners already operational [4][9] Company Operations - The deployment of new machines is ongoing, with Phase 3 at the Valenzuela site set to begin in September [4] - Upon completion of Phase 2, HIVE expects to achieve a total operating hashrate of 18 EH/s, with daily Bitcoin production projected to reach 12 BTC [4][9] - The company has a global fleet efficiency of approximately 17.5 J/TH, representing nearly 3% of the global Bitcoin supply at current network difficulty [4][9] Financial Metrics - At a network difficulty of 129T, one exahash generates approximately 0.50 BTC per day, indicating that an additional 2 EH/s could yield roughly 1.0 BTC per day [5][9] - HIVE's mining margin after electrical costs is projected to be around 60% with Bitcoin priced at $113,000 [9][10] - The primary cost of mining operations is electricity, accounting for approximately 80-90% of total costs [7][10] Strategic Vision - The company emphasizes its commitment to building resilient, decentralized infrastructure for Bitcoin while generating robust cash flow for shareholders [5][11] - HIVE operates exclusively on renewable hydroelectric energy, reinforcing its focus on sustainability [11]

Core Viewpoint - HIVE Digital Technologies has surpassed 16 EH/s in Bitcoin mining hashrate and aims to reach 25 EH/s by U.S. Thanksgiving, driven by expansion efforts in Paraguay [2][4]. Group 1: Company Performance - HIVE's daily Bitcoin output has increased to over 8 BTC, doubling production since May 2025 [3]. - The company expects to reach 18 EH/s in the coming weeks, with Phase 2 at Yguazú site nearing completion [5][8]. - The global fleet efficiency is projected to improve to approximately 18.4 J/TH, enhancing profitability [8]. Group 2: Mining Economics - At the current network difficulty of 129T, one exahash generates about 0.50 BTC per day, indicating that adding 2 EH/s could yield an additional 1 BTC daily [5][8]. - HIVE's mining margin after electricity costs is estimated to be around 60% with Bitcoin priced at $113,000 [8][9]. - The primary cost of mining operations is electricity, accounting for approximately 80-90% of total costs [6][9]. Group 3: Strategic Focus - The company emphasizes its commitment to building decentralized infrastructure that secures Bitcoin's future while generating cash flow for shareholders [5]. - HIVE's operations are powered exclusively by renewable hydroelectric energy, aligning with its sustainability goals [10].

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists, ensuring independent content production [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The news team delivers insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive focuses on sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Viewpoint - BUZZ High Performance Computing, a subsidiary of HIVE Digital Technologies, has partnered with Bell Canada to create a significant sovereign AI ecosystem in Canada, leveraging NVIDIA's advanced infrastructure for AI and machine learning applications [2][5][11] Company Overview - BUZZ HPC is a wholly owned subsidiary of HIVE Digital Technologies Ltd., recognized as a Canadian AI cloud provider and NVIDIA Cloud Partner [2][8] - The company specializes in delivering enterprise-grade cloud services and large-scale NVIDIA GPU clusters, optimized for AI, machine learning, and scientific workloads [8] Partnership Details - The partnership with Bell Canada aims to provide government and enterprise customers access to NVIDIA's advanced GPU clusters, including Ampere, Hopper, and Blackwell, integrated with Bell's AI Fabric [3][4] - This collaboration will ensure nationwide access to high-performance computing resources, hosted in secure Canadian facilities that comply with data residency and cybersecurity regulations [4][11] Infrastructure Deployment - The initial deployment will start with a 5 MW infrastructure in Manitoba, with plans for expansion into other Bell AI Fabric data centers across Canada [6][11] - The infrastructure is designed to support a variety of national objectives, enhancing innovation and competitiveness in AI [6][11] Strategic Importance - The partnership is positioned to establish Canada as a leader in AI innovation while ensuring the protection of digital independence through sovereign AI infrastructure [5][11] - The collaboration combines BUZZ HPC's hardware capabilities with Bell's advanced network and data center resources, creating a comprehensive AI solution for the Canadian market [7][11]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Insights - HIVE Digital Technologies Ltd. reported record revenue of $45.6 million for fiscal Q1 2026, driven by a 45% quarter-over-quarter increase in average hashrate to 8.9 EH/s, reflecting strong performance in Bitcoin mining and high-performance computing (HPC) operations [2][3][4]. Financial Performance - Total revenue reached $45.6 million, a significant increase from the previous quarter, with digital currency mining contributing $40.8 million, up 44.9% sequentially [4][5]. - Gross operating margin was $15.8 million, representing a margin of 34.7%, an increase from 28.2% in the previous quarter [4][5]. - Net income for the quarter was $35.0 million, primarily from realized and unrealized gains on digital currencies [5][8]. Mining Operations - The company mined 406 Bitcoin during the quarter, a 34% increase from the previous quarter, with an average mining difficulty increase of 10.2% [4][5]. - The average hashrate for Bitcoin mining increased from 5.9 EH/s in fiscal Q4 2025 to 8.7 EH/s in fiscal Q1 2026, marking a 47% increase [4][5]. HPC Business - HPC revenue reached a record $4.8 million, up 59.8% sequentially, driven by strong demand in high-performance computing markets [4][5]. - The company is expanding its HPC capabilities with the acquisition of a 7.2 MW Tier 3 data center in Toronto, expected to support 5,000 next-gen GPUs [8]. Strategic Outlook - HIVE aims to reach a hashrate of 25 EH/s by Thanksgiving 2025, positioning itself among the world's largest Bitcoin miners [8]. - The company is targeting $100 million in high-margin run-rate revenue from cloud computing and AI model training services by calendar year 2026 [8].