HIVE Digital Technologies is emerging as a leading player in the
crypto market and particularly
Bitcoin mining. The firm targets to be among the top five Bitcoin miners with plans to accelerate its
AI pivot and $100M HPC expansion by 2026. With an impressive growth strategy, HIVE plans more than double its capacity to over
10 EH/s and achieve a hashrate that drives a $300M ARR with a 55% profit margin. The company's
green approach to Bitcoin mining, particularly its
expansion into Paraguay known for low-cost energy, resonates strongly with investors. Interestingly, this move is also expected to double the company's Bitcoin mining output soon. Post the expansion, HIVE aims to have 18 EH/s with Bitcoin-backed miner purchases. Additionally, HIVE has entered into the emerging
AI data centers market with targets of $100M in HPC revenue by 2026. Further, the company projects significant growth with an anticipated increase of
HPC/AI cloud services revenue by 300%. Meanwhile, CoinHive, a crypto software provider famous for its crypto-jacking service, has announced its shutdown. Lastly, innovative projects like
Hivemapper, partnered with
Lyft and
Volkswagen are leveraging HIVE's technology, underlining its growing influence in the crypto space.
HIVE Coin News Analytics from Fri, 31 May 2024 07:00:00 GMT to Tue, 05 Aug 2025 07:00:00 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor -2
