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]