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HIVE Digital (HIVE) Reports Strong Mining Growth and Expands Into AI Cloud
Yahoo Finance· 2026-02-12 16:20
Core Insights - HIVE Digital Technologies Ltd. is recognized as a promising AI penny stock, reporting a significant operational performance in January 2026 with a 290% year-over-year increase in hashrate [1] - The company produced 297 Bitcoin in January 2026, marking a 191% increase compared to January 2025, despite a 30% rise in global Bitcoin mining difficulty [2] Group 1: Operational Performance - HIVE's hashrate averaged 22.2 exahash per second (EH/s) and peaked at 23.7 EH/s, up from 5.7 EH/s a year earlier [1] - The average daily Bitcoin production for HIVE in January was 9.6 BTC per day, maintaining over 2% of the global Bitcoin network hashrate [2] - The fleet efficiency averaged 17.5 joules per terahash (J/TH), producing approximately 13.4 BTC per EH/s of hashrate [3] Group 2: Strategic Developments - HIVE expanded its operations into Paraguay through a joint venture with the leading telecommunications operator, launching a new AI cloud platform [4] - The partnership aims to establish a purpose-built AI "BUZZ Cloud" platform in Asunción, providing high-performance computing and AI infrastructure [5] - HIVE operates next-generation data centers powered by clean energy across Canada, Sweden, and Paraguay, supporting both AI workloads and Bitcoin mining [6]
HIVE plans first HPC deployment in Paraguay for Q1
Yahoo Finance· 2026-01-13 14:56
Core Viewpoint - HIVE is expanding its high performance compute (HPC) business into Paraguay, leveraging its existing bitcoin mining infrastructure and forming a joint venture with a local telecommunications company to launch the BUZZ Cloud project in 2026 [1][2]. Group 1: Expansion Plans - The new BUZZ Cloud project will be hosted in a Tier III data center in Asunción, Paraguay, starting in the first quarter of 2026 [1]. - HIVE aims to target academic institutions, financial firms, and healthcare providers across South America with its HPC services [2]. - The company plans to scale the HPC project utilizing Paraguay's renewable hydroelectric power and its partner's national fiber network [2]. Group 2: Current Operations and Future Growth - HIVE currently operates 300 MW of bitcoin mining infrastructure in Paraguay and has plans to add an additional 100 MW to these operations in the near term [2]. - The expansion is taking place against a backdrop of strengthening institutional ties between Paraguay and the United States, which HIVE views as beneficial for investment stability [2][3]. Group 3: Investment Climate - A Status of Forces Agreement was signed between U.S. officials and the Paraguayan government in December 2025, which HIVE cites as evidence of a stable investment climate conducive to long-term capital allocation in the region [3].