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HIVE Digital Technologies ( (TSE:HIVE) ) has shared an update.
On January 8, 2025, HIVE Digital Technologies Ltd. announced its December 2024 production results, achieving a 64.6% year-over-year increase in its Bitcoin holdings, totaling 2,805 BTC by the end of December. The company reached a significant milestone with a 6.0 EH/s operational hashrate, marking a 47% growth compared to the previous year, driven by the enhancement of its Bitcoin mining fleet. Additionally, HIVE revealed plans to relocate its headquarters to San Antonio, Texas, and transition to US GAAP reporting, aiming to strengthen its presence in the US market and enhance shareholder value.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd. is a pioneering technology company focused on advancing sustainable blockchain and AI infrastructure powered by green energy. Established as the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017, HIVE has become a global leader in digital asset mining and AI computing, with operations in Canada, Sweden, and soon Paraguay, emphasizing innovation and a reduced environmental footprint.
YTD Price Performance: 1.94%
Average Trading Volume: 7,776,988
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $406.8M
Find detailed analytics on HIVE stock on TipRanks’ Stock Analysis page.
