HIVE Digital Technologies Ltd - Common Shares (HIVE)

HIVE Digital Technologies plans to triple its hashrate to 25 EH/s by 2025, but execution risks loom, especially in Paraguay.

HIVE Digital Technologies Ltd (NASDAQ:HIVE) is putting its money, or rather, its Bitcoin (CRYPTO: BTC), where

Shares of HIVE Digital Technologies Ltd (NASDAQ:HIVE) surged 9.89% to $2.00 Friday afternoon after the company announced an operational achievement in its Bitcoin (CRYPTO: BTC) mining capacity.

HIVE mined 139 Bitcoin in May, averaging about 4.5 BTC per day, while maintaining an average network hashrate of 8.5 EH/s.

HIVE completes Phase 1 of infrastructure development at Yguazù facility in Paraguay, appoints new Operations & Project Manager, aims for 5 EH/s by 2025

U.S. stock futures declined on Monday after a holiday-shortened week that ended with a mixed close on Thursday.

Meanwhile, Hive Digital saw ‘bearish’ retail sentiment despite Rosenblatt’s ‘Buy’ rating on the stock.

Rosenblatt analyst Chris Brendler initiated coverage of Bitcoin stocks on Friday, citing a premium likely for the stocks due to their entry into the high-performance computing (HPC) business.

Analysts at H.C. Wainwright called Hive one of the most undervalued miners in the cryptocurrency sector despite its near-term growth prospects and potential upside thanks to artificial intelligence (AI).

HIVE mined 322 BTC during the quarter, bringing its total Bitcoin holdings to 2,805 BTC, valued at approximately $260.8 million.

The Bitcoin miner has expanded operations with a major Paraguay acquisition, but investors remain cautious as Q3 earnings approach.

HIVE Digital Technologies Acquires Paraguay Bitcoin Mining Site, Targets 317% Hashrate Growth By September 2025

Hive said the acquisition would more than triple its hashrate to 25 exahash per second (Eh/s) by September 2025.

The softening of core inflation has raised expectations of rate cuts in 2025—a potential tailwind for cryptocurrencies.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) co-founder Frank Holmes said that the new cryptocurrency accounting standards will remove barriers to corporate adoption of Bitcoin (CRYPTO: BTC).

Nvidia Corporation (NASDAQ: NVDA) shares are trading higher Friday driven by strength in the AI and semiconductor sectors and recent collaboration with Cerence Inc. (NASDAQ: CRNC).

HIVE Digital (Nasdaq: HIVE) Makes AI Push With $30 Million Nvidia (Nasdaq: NVDA) Chip Investment

Bitcoin and cryptocurrency miners are set for a major bull market after notching a record year for 2024, H.C. Wainwright writes.

HIVE achieves 6.0 EH/s operational hashrate, plans to expand to 15 EH/s by 2025 with efficient mining fleet and affordable energy in Sweden.

HIVE Digital Technologies announces relocation of headquarters to San Antonio, Texas to drive growth, innovation, and compliance.