Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
The latest announcement is out from HIVE Digital Technologies ( (TSE:HIVE) ).
HIVE Digital Technologies Ltd. has announced a significant acquisition of 8.6 EH/s Bitmain S21+ Hydro Chips, expected to expand its Bitcoin mining capacity to 15 EH/s by summer 2025. This strategic move aims to drive $300 million in revenue and secure 2% of the global Bitcoin mining network, leveraging green energy infrastructure in Paraguay to enhance profitability and shareholder value.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd. is a pioneering technology company focused on sustainable blockchain and AI infrastructure powered by green energy. It was the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017 and operates data centers in Canada, Sweden, and soon Paraguay. The company is committed to reducing environmental impact and optimizing operational efficiency, positioning itself as a global leader in digital asset mining and AI computing solutions.
YTD Price Performance: -10.82%
Average Trading Volume: 5,238,066
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $519.7M
Learn more about HIVE stock on TipRanks’ Stock Analysis page.
