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The latest announcement is out from HIVE Digital Technologies ( (TSE:HIVE) ).
HIVE Digital Technologies reported significant growth in its Bitcoin mining operations for December 2024, achieving a 64.6% increase in its HODL portfolio year-over-year. The company reached a major milestone in its operational hashrate and announced plans to further expand its capacity by the end of 2025. Additionally, HIVE is relocating its headquarters to San Antonio, Texas, to strengthen its presence in the U.S. market and transitioning to US GAAP reporting, indicating a strategic shift in its operational and financial practices.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd. is a global leader in sustainable blockchain infrastructure, primarily focusing on Bitcoin mining. The company is committed to enhancing its operations through strategic expansions and technological upgrades, with a market focus on sustainable and efficient energy use in cryptocurrency mining.
YTD Price Performance: 1.29%
Average Trading Volume: 7,262,950
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $436.2M
See more data about HIVE stock on TipRanks’ Stock Analysis page.
