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HIVE Digital Technologies ( (TSE:HIVE) ) just unveiled an update.
HIVE Digital Technologies is expanding its footprint in Paraguay through a strategic joint venture with the country’s largest telecommunications operator to launch one of the first purpose-built AI BUZZ Cloud platforms in Asunción, hosted in a Tier III data center. The initial rollout, slated to begin in the first quarter of 2026, will feature an enterprise-grade GPU cluster for AI training, inference and data-intensive workloads, with plans to scale based on demand and capital availability, leveraging Paraguay’s renewable hydroelectric power and national fiber network. Building on its existing Tier I data centers and substations developed for Bitcoin mining, HIVE is executing a phased strategy to evolve this energy-based infrastructure into higher-tier, AI-ready facilities, positioning Paraguay as an emerging hub for advanced digital infrastructure similar to development patterns seen in Texas and potentially fostering local economic growth and high-skilled tech employment.
The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$6.50 price target. To see the full list of analyst forecasts on HIVE Digital Technologies stock, see the TSE:HIVE Stock Forecast page.
Spark’s Take on TSE:HIVE Stock
According to Spark, TipRanks’ AI Analyst, TSE:HIVE is a Neutral.
HIVE Digital Technologies’ overall stock score is primarily influenced by its strong revenue growth and strategic expansions in AI and Bitcoin mining. However, profitability challenges and bearish technical indicators weigh heavily on the score. The company’s valuation metrics further highlight concerns, with a negative P/E ratio and no dividend yield. Despite these challenges, the positive impact of recent corporate events offers some optimism for future growth.
To see Spark’s full report on TSE:HIVE stock, click here.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd. is a diversified global digital infrastructure company headquartered in San Antonio, Texas, with operations that include Bitcoin mining and data center development. The company focuses on building energy-led Tier I data center infrastructure, particularly in regions with abundant renewable power, and is increasingly positioning its facilities to support high-performance computing and artificial intelligence workloads for enterprise and institutional clients.
Average Trading Volume: 1,975,773
Technical Sentiment Signal: Sell
Current Market Cap: C$1.04B
For a thorough assessment of HIVE stock, go to TipRanks’ Stock Analysis page.