HIVE Digital Technologies Announces December 2024 Production Results and Strategic Milestone of 2,805 HODL Position, Up 65% Year-Over-YearJanuary 08, 2025 1:00 AM EST | Source: HIVE Digital Technologies Ltd.This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - January 8, 2025) - HIVE Digital Technologies Ltd. (T ...

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RETRANSMISSION: HIVE Expands NVIDIA Chip Suite to Power AI Boom with $30 Million H100 and H200 GPU Clusters to be Deployed in QuebecDecember 24, 2024 6:00 AM EST | Source: HIVE Digital Technologies Ltd.This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.Vancouver, British Columbia--(Newsfile Corp. - December 24, 2024) - HIVE Digital Technologies L ...

Core Viewpoint - HIVE Digital Technologies Ltd. is strategically expanding its operations into high-performance computing (HPC) by deploying NVIDIA H100 and H200 GPU clusters, aiming to capitalize on the growing demand for AI solutions while maintaining its commitment to sustainability and Bitcoin mining [7][14]. Group 1: Business Expansion - The company has made a $30 million investment in additional NVIDIA GPU clusters in Quebec, reinforcing its position in the global gig economy and digital transformation of AI and HPC [14][17]. - HIVE's HPC business unit is projected to reach approximately $15 million in annualized run-rate revenue in the next quarter following the deployment of the H100 cluster [15]. - The H200 cluster, expected to generate over $20 million in annualized run-rate revenue by Q2 2025, is designed to offer significantly higher margins compared to Bitcoin mining [16][18]. Group 2: Revenue Growth Potential - HIVE is targeting $100 million in annual revenue by 2025 through its HPC services and by converting existing Bitcoin mining sites into Tier 3 data center infrastructure [8]. - The company anticipates that the deployment of its new clusters will unlock new revenue opportunities in high-margin cloud computing and AI model training services [18]. Group 3: Sustainability Commitment - The new supercomputing clusters will be powered by 100% renewable energy, aligning with HIVE's sustainability mission while meeting the surging global demand for AI computing power [17][18]. - HIVE's operations are designed to balance profitability with environmental stewardship, utilizing green-powered infrastructure [8][9]. Group 4: Market Positioning - HIVE is well-positioned to benefit from the exponential growth in AI adoption, as illustrated by significant revenue increases in the sector, such as OpenAI's revenue surge from $1 billion to $6 billion [19]. - The company aims to leverage its cutting-edge technology and infrastructure to capitalize on the rapidly expanding HPC market during the AI super cycle [19].

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.Vancouver, British Columbia--(Newsfile Corp. - December 11, 2024) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the "Company" or "HIVE"), a global leader in sustainable blockchain infrastructure, is pleased to announce that all resolutions considered at its 2024 annua ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

RETRANSMISSON: HIVE Announces Transformative Acquisition of 8.6 EH/s of Bitmain S21+ Hydro Chips, Projecting 15 EH/s by Summer 2025, Driving $300 Million Revenue and 2% of Global Bitcoin Mining NetworkDecember 03, 2024 6:00 AM EST | Source: HIVE Digital Technologies Ltd.This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.Vancouver, British Columbi ...

Core Viewpoint - HIVE Digital Technologies Ltd. has announced a significant acquisition of 8.6 EH/s of Bitmain S21+ Hydro Chips, which is expected to increase its Bitcoin mining hashrate to 15 EH/s by summer 2025, potentially generating $300 million in annual revenue and representing 2% of the global Bitcoin mining network [2][4][5]. Group 1: Acquisition Details - The acquisition includes 13,480 units, providing 4.3 EH/s of hashrate capacity, with delivery scheduled for April and May 2025 at a competitive price of $14/TH [6]. - HIVE has a call option to purchase an additional 13,480 units within one year, which could bring the total order to 26,960 units, equating to 8.6 EH/s of mining capacity [6]. Group 2: Financial Projections - Once fully deployed, the strategic expansion to 15 EH/s is projected to yield over $300 million in annualized revenue and more than $200 million in mining margin based on current mining economics [5]. - HIVE anticipates producing approximately 9 Bitcoin per day at the current difficulty level, supporting its vision for scaling operations while utilizing green hydro energy [5]. Group 3: Mining Efficiency and ROI - The new miners will operate at an industry-leading efficiency of 15 J/TH, with a blended fleet efficiency of 17 J/TH upon full execution of the Bitmain order [4][7]. - The company projects a return on investment (ROI) of approximately 10 months, considering current hashrate economics of $60/PH per day after accounting for operational costs [8]. Group 4: Environmental and Operational Considerations - Field research indicates that hydro ASIC miners perform exceptionally well in Paraguay's environmental conditions, enhancing the ROI of HIVE's green-energy-powered mining initiatives [9]. - HIVE is committed to advancing sustainable blockchain infrastructure, with data centers located in Canada, Sweden, and soon Paraguay [10].

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2][3] Group 2 - The company delivers news and insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive adopts technology to enhance workflows and improve content production [4][5] - All content published by Proactive is edited and authored by humans, ensuring adherence to best practices in content production and search engine optimization [5]

RETRANSMISSON: HIVE Digital Technologies Announces Continued Momentum with Green Energy Strategy and Independent Proxy Advisory Support for Upcoming Annual General and Special Meeting of ShareholdersNovember 25, 2024 6:00 AM EST | Source: HIVE Digital Technologies Ltd.Vancouver, British Columbia--(Newsfile Corp. - November 25, 2024) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0.F) (the "Company" or "HIVE") a global leader in sustainable blockchain infrastructure, proud ...