HIVE Digital, internationally recognized for its operations in cryptocurrency mining, highlights a bullish quarter with
renewed growth and industry-leading performances. Driven by its progressive green Bitcoin mining strategy, HIVE's Bitcoin production experienced an
18% jump with an ambitious expansion plan to increase hash rate to
25 EH/s by Thanksgiving.
Furthermore, the digital giant successfully acquired a
Bitcoin mining site in Paraguay for a whopping $85M, leveraging the low-cost energy production in the country. While shares of notable crypto companies like Coinbase and Riot have seen a significant drop, HIVE has continued its trajectory with consistent quarterly revenue growth.
Seizing innovative opportunity, HIVE Digital has now extended its pursuits into the realm of
Artificial Intelligence (AI). The digital giant has set aims for a $100M HPC revenue and a substantial increase in hash rate growth. In a strategic move, HIVE acquired a 7.2MW Toronto data center, intending to expand its AI Infrastructure. Hive's venture into AI has also seen some lucrative engagements, with Lyft tapping Solana's
Hivemapper for mapping upgrades. To catalyze its expansion plans, HIVE has invested in deploying a significantly large NVIDIA GPU in Quebec.
Moving towards speculation, HIVE anticipates a
150% growth by 2025 following a 47% operational surge in 2024. However, the crypto miner is not impervious to fluctuating conditions. HIVE has reported a drop in BTC production in November and a Q3 loss as an effect of the Ethereum Merge which adversely influenced revenue and mining margin.
HIVE Coin News Analytics from Thu, 28 Sep 2017 18:40:07 GMT to Mon, 15 Sep 2025 15:38:32 GMT -
Rating 6
- Innovation 7
- Information 8
- Rumor 5
