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HIVE Digital Technologies ( (TSE:HIVE) ) has shared an announcement.
HIVE Digital Technologies reported an 18% increase in Bitcoin production in June 2025, attributed to the launch of its Phase 2 expansion in Paraguay. The company aims to reach a production target of 12 Bitcoin per day by the end of the year, with a significant increase in hashrate and efficiency. The expansion in Paraguay, utilizing hydro-powered facilities, positions HIVE as a leader in green Bitcoin mining, with plans to scale up to 25 EH/s by American Thanksgiving. Additionally, HIVE’s subsidiary, BUZZ High Performance Computing Inc., is expanding its AI infrastructure in Canada, further strengthening its market position.
The most recent analyst rating on (TSE:HIVE) stock is a Buy with a C$7.50 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 is facing significant financial difficulties, with negative earnings and cash flow issues being primary concerns. Despite these challenges, strategic expansions and growth plans, particularly in Paraguay, offer potential for improvement. Technical analysis shows bearish trends, and valuation remains a concern due to ongoing losses. While growth initiatives provide some optimism, investors should remain cautious.
To see Spark’s full report on TSE:HIVE stock, click here.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd., founded in 2017, specializes in building and operating sustainable blockchain and AI infrastructure data centers powered by renewable hydroelectric energy. With operations in Canada, Sweden, and Paraguay, the company is committed to green energy leadership and advancing digital finance and computing.
Average Trading Volume: 888,948
Technical Sentiment Signal: Sell
Current Market Cap: C$621.9M
See more insights into HIVE stock on TipRanks’ Stock Analysis page.