HIVE Digital, a major
Bitcoin mining company, has seen varied performance recently. It announced the completion of a
100 MW facility in Paraguay and the successful start of
Bitcoin mining in the country using renewable energy, boosting their shares by 2%. Texas, with its accommodating environment for cryptos, is HIVE's new headquarters. HIVE also emphasised its commitment to hodl strategy, expecting
317% BTC Production Capacity Growth. Other developments include the acquisition of Bitfarms' site in Paraguay for
$85m and a 23% YoY growth in Bitcoin reserves. More interestingly, HIVE is venturing into
AI data centres alongside crypto mining. HIVE has announced plans to target
2% of global Bitcoin mining with renewable energy, a development that saw their shares rise by 6%. On the downside, HIVE recently reported a
Q3 loss, which had an impact on their shares. However, prospects remain optimistic, considering the growth and diversification into AI and high-performance computing.
HIVE Coin News Analytics from Wed, 13 Nov 2019 08:00:00 GMT to Wed, 23 Apr 2025 17:35:09 GMT -
Rating -2
- Innovation 7
- Information 6
- Rumor 4
