Wall Street expects a year-over-year increase in earnings on higher revenues when HIVE Digital Technologies (HIVE) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they mis ...

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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. S ...

. . HIVE Digital Signs Agreement to Develop 100 MW Hydroelectric Data Center in Paraguay, Targeting to Reach 12 Exahash Next Year July 31, 2024 4:40 PM EDT | Source: HIVE Digital Technologies Ltd. Vancouver, British Columbia--(Newsfile Corp. - July 31, 2024) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) ("HIVE" or the "Company" ), a leading digital asset miner and "green"- focused data center builder and operator, announces that, further to its news release of July 22, 2024, it has ...

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, The ...

| --- | --- | |-----------------------------------------------------------------------------------------|-------| | | | | RETRANSMISSION: HIVE Digital Technologies Announces Plans to Build 100 MW Hydroelectric | | | Data Center in Paraguay, Targeting to Double | | | Revenue and Increase Hashrate to Over 12 Exahash in the Next Year | | Stability in government fiscal policies, such as energy pricing and taxation, will be a key factor in our future expansion considerations relating to continued growth in Parag ...

● . July 22, 2024 1:00 AM EDT | Source: HIVE Digital Technologies Ltd. Frank Holmes, HIVE's Executive Chairman stated: "We are thrilled to announce our plan for a 100 MW project in Paraguay, utilizing green and clean energy sourced from the Itaipu hydroelectric dam. This potential opportunity is expected to add up to an additional 6.5 Exahash per second (EH/s) to our Bitcoin mining operations, increasing our global EH/s to 12.1 EH/s. This represents a significant milestone in our diversified growth strategy ...

During the conversation, Holmes shared insights on the global impact of Bitcoin, especially in regions like Africa where digital transactions are prevalent. He highlighted Bitcoin's role in democratizing finance and empowering individuals to manage their wealth independently of traditional banks. We immediately started putting Ethereum and then Bitcoin on our balance sheet. Today, we don't have Ethereum on our balance sheet, but we do have Bitcoin, and we've grown it by 2% month over month. Now, I think we' ...

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● | --- | --- | |-------------------------------------------------|-------| | | | | HIVE Achieves Annual Revenue of $114.5 Million, | | | Adjusted EBITDA of $37.5 Million with 2,287 | | | Bitcoin on the Balance Sheet and Mined 3,123 | | | Bitcoin for the Year Ended March 31, 2024 | | Revenue from digital currency mining was $111.0 million this fiscal year, in addition to the Company's HPC operations, resulting in a gross operating margin1 of $40.3 million, or a 36% operating margin. The Company's SG&A for t ...