HIVE Digital Technologies ( (TSE:HIVE) ) has shared an update.
HIVE Digital Technologies announced its February 2025 production results, highlighting the mining of 89 BTC and a strategic increase in Bitcoin holdings by 23% year-over-year. The company strategically sold some BTC to invest in capital assets, including hydro-powered mining assets in Paraguay. HIVE aims to expand its mining capacity significantly by September 2025, with plans to quadruple its hashrate. The company also reported progress in its high-performance computing GPU business, with a target to reach $20 million in annualized run-rate revenue by Q2 2025.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd. is a global leader in sustainable data center infrastructure, focusing on Bitcoin mining and AI-driven computing. The company is expanding its operations with a significant emphasis on high-performance computing and GPU cloud services.
YTD Price Performance: -35.28%
Average Trading Volume: 10,314,038
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $313.6M
See more data about HIVE stock on TipRanks’ Stock Analysis page.