Core Insights - HIVE Digital Technologies reported a significant increase in Bitcoin production, achieving 290 BTC in November 2025, which is a 182% increase year-over-year from 103 BTC in November 2024 [6][7] - The company has reached a total installed Bitcoin mining capacity of 25 EH/s, with a focus on sustainable and efficient operations [4][5] Production Highlights - November 2025 Bitcoin production was 290 BTC, with an average daily production of 9.7 BTC [6] - The company's hashrate averaged 23.5 EH/s, peaking at 25.4 EH/s, reflecting a 7% growth from 21.9 EH/s in October [6][7] - Fleet efficiency was reported at 17.5 J/TH, with 12.3 BTC produced per EH/s [6] Infrastructure Development - HIVE completed the full deployment of 300 MW capacity in Paraguay ahead of schedule, contributing to the total global Bitcoin mining capacity of 25 EH/s [5] - Plans are underway to develop an additional 100 MW hydroelectric-powered data center at the Yguazú campus, with commissioning targeted for Q3 2026 [5] AI and HPC Expansion - HIVE's subsidiary BUZZ HPC ranked number one globally for network download speed, indicating strong performance in high-performance computing [9] - The company is accelerating the development of AI and HPC infrastructure, leveraging cash flows from Bitcoin mining to fund upgrades [10][11] - Strategic expansions include upgrading facilities in Toronto and Boden, Sweden, to enhance Tier III+ capacity for AI applications [11][12] Management Insights - Management emphasizes the dual growth model of Bitcoin mining and AI infrastructure, positioning the company to capitalize on both sectors as demand surges [13] - The Paraguay buildout has become a model for future growth, showcasing the company's ability to rapidly expand its renewable digital infrastructure [13]

A conventional data center uses between 5,000 and 15,000 tons of copper. A hyperscale data center, on the other hand—the kind being built to run artificial intelligence ( AI )—can require up to 50,000 tons ofFrank Holmes is a Canadian-American investor, venture capitalist and philanthropist. He is CEO and chief investment officer of U.S. Global Investors, a publicly traded investment company based in San Antonio, TX, that oversees more than $4 billion in assets (Nasdaq: GROW). He is known for his expertise ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

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 Viewpoint - HIVE Digital Technologies Ltd. has entered into an equity distribution agreement to sell up to US$300 million of its common stock through an "at-the-market" equity program, allowing for flexible sales at prevailing market prices [1][2][3]. Group 1: Equity Distribution Agreement - The equity distribution agreement involves multiple agents, including Keefe, Bruyette & Woods, Inc. and Stifel Nicolaus Canada Inc., among others [1]. - The company is not obligated to sell any shares under this agreement, and it will terminate once the aggregate gross sales proceeds reach US$300 million [3]. Group 2: ATM Program Details - The ATM program allows the company to sell common shares at the market price from time to time, providing flexibility in capital raising [2]. - Sales will be conducted in accordance with specific regulations under Canadian and U.S. securities laws [3][4]. Group 3: Offering Documents - The sales will be made under a prospectus supplement dated November 25, 2025, which is part of the company's short form base shelf prospectus filed in Canada and a registration statement filed with the U.S. SEC [4][5]. - Copies of the offering documents are available on SEDAR+ and EDGAR, providing important information for prospective investors [5]. Group 4: Company Overview - HIVE Digital Technologies Ltd. was founded in 2017 and focuses on building sustainable blockchain and AI infrastructure powered by renewable energy [7]. - The company operates globally, with a presence in Canada, Sweden, and Paraguay, emphasizing operational excellence and green energy leadership [7].

Core Insights - HIVE Digital Technologies Ltd. is recognized as a leading cryptocurrency stock for long-term investment, with a recent price target increase from H.C. Wainwright to $10 from $8, maintaining a Buy rating due to AI Cloud expansion and strong Q2 FY2026 performance [1] Financial Performance - HIVE reported record revenue of $87.3 million for Q2 FY2025, marking a 285% year-over-year increase, driven by a 101.2% rise in digital currency mining revenue and an 86.2% quarter-over-quarter increase in average hashrate [2] - The company mined 717 Bitcoin during the quarter, reflecting a 76.6% sequential increase in production, although it reported a GAAP net loss of $15.8 million due to accelerated depreciation of ASICs [2] Operational Highlights - HIVE achieved an operating hashrate of 25 EH/s, leading to a Bitcoin mining revenue run-rate approaching $400 million at a 50% operating margin after electrical costs [3] - The high-performance computing division, BUZZ, generated record revenue of $5.2 million, a 175% increase, following a 300 MW capacity addition in Paraguay [4] - The company anticipates $140 million in annualized HPC revenue by the end of the fourth quarter next year [4] Business Model and Strategy - HIVE focuses on green Bitcoin mining and high-performance computing (HPC) and AI cloud services, operating data centers powered by clean energy sources [5] - The company retains a significant portion of the Bitcoin it mines as a long-term asset, positioning itself strategically in the cryptocurrency market [5]

Core Insights - HIVE Digital Technologies' shares have decreased by 2.2% following the release of its second-quarter fiscal 2026 results, primarily due to fluctuations in Bitcoin prices [1] Financial Performance - In the second quarter of fiscal 2026, HIVE reported a revenue increase of 285% year over year, reaching $87.3 million, with a sequential increase of 91% [2] - Digital currency mining revenues, which accounted for 94.1% of total revenues, surged by 295.2% year over year to $82.1 million, and increased by 101.2% sequentially [3] - High-performance computing (HPC) revenues, making up 5.9% of total revenues, rose by 175% year over year to $5.2 million, reflecting a 7.6% quarter-over-quarter increase [5] Operational Highlights - HIVE produced 719 Bitcoin in the reported quarter, a significant increase from 406 Bitcoin in the same quarter of the previous fiscal year [4] - The gross operating margin for the second quarter was $42.4 million, a substantial rise from $1.2 million in the year-ago quarter [6] - Adjusted EBITDA was reported at $31.5 million, compared to $5.6 million in the previous year [7] Balance Sheet Overview - As of September 30, 2025, HIVE had cash reserves of $22.6 million, down from $24.6 million as of June 30, 2025 [8] - The net cash used in operating activities was $384,000, contrasting with net cash provided of $10.22 million in the previous quarter [8] Strategic Developments - The expansion in Paraguay contributed to increased Bitcoin production and was a key driver of revenue growth [3][10] - The growth in HPC services was supported by the deployment of over 5,000 GPUs, new AI compute contracts, and upgrades to Tier-3 data centers [5][10]

In the 2 months since I last covered HIVE Digital Technologies ( HIVE ) for Seeking Alpha, it has been a wild ride for shareholders, to say the least. Following a massive 100% rally in the stock from theFormer media research analyst. Main coverage areas are crypto, BTC miners, metal, and media equities. I'm not an investment advisor. I just share what I do with my own capital and why. Outside of Seeking Alpha, I also write the Heretic Speculator newsletter over at Substack.Analyst’s Disclosure:I/we have a b ...

Core Viewpoint - HIVE Digital Technologies Ltd argues that its stock is significantly undervalued compared to other data-center operators, suggesting a potential upside to $20 per share from its current price of approximately $3.52, indicating a theoretical increase of over 460% [1][6]. Company Transition - HIVE is transitioning from being primarily a Bitcoin miner to positioning itself as a sovereign-grade AI compute provider, with efforts to convert facilities in Canada and Sweden into Tier-3 GPU data centers and leveraging Paraguay's hydro grid for scaling [2][3]. Market Sentiment - The executive chairman, Frank Holmes, believes the current market sentiment is a short-term pullback driven by analysts who do not fully understand the underlying market dynamics, emphasizing HIVE's infrastructure capabilities and plans for significant expansion in AI cloud services [3][6]. Investment Activity - Notable investment activity includes billionaire Steven Cohen initiating a long position in HIVE through Point72 Asset Management, indicating confidence in the company's future despite its small-cap size and volatility [4]. Additionally, hedge fund managers Israel Englander and Ken Griffin are also involved, with Griffin maintaining a sizable position after taking some profits [5]. Valuation Challenge - Holmes' assertion of a $20 valuation serves as a challenge to the market to reassess HIVE's worth, either as a Bitcoin miner or as an AI data-center builder, suggesting that if the company successfully repositions itself, it could lead to a significant revaluation [6].

Core Insights - HIVE Digital Technologies Ltd reported a significant upside surprise in its latest quarter, driven by stronger-than-expected Bitcoin production and expanding margins, indicating renewed momentum in its mining operations [1] - The company's rapid capacity buildout is contributing to meaningful operating leverage, while its emerging HPC segment is preparing for larger scale-up in the upcoming year [1] Earnings Snapshot - For the second quarter of fiscal 2026, HIVE reported an EPS loss of 7 cents, missing the consensus EPS of 1 cent, while revenue reached $87.3 million, exceeding expectations of $80.76 million, representing a 285% year-over-year increase [3] - The revenue surpassed the analyst's estimate of $80.2 million, with gross margins at 49%, significantly above the forecast of 32%, leading to an adjusted gross profit of $42.4 million, well above the estimated $25.5 million [4] Analyst's View - Bitcoin mining revenue was reported at $82.1 million, exceeding the analyst estimate of $74.3 million, attributed to higher BTC mined at 718 compared to the estimated 649 [5] - Although HPC revenue slightly missed estimates at $5.2 million versus the forecast of $6.0 million, gross margins improved to 61.6%, up from the estimated 56.7% [6] - The analyst expects management's fiscal 2026 HPC growth target of $100 million ARR to be a significant topic during the conference call [6] Price Action - Following the results, HIVE shares increased by 7.70%, trading at $3.56 [6]