The latest update is out from HIVE Digital Technologies ( (TSE:HIVE) ).
HIVE Digital Technologies Ltd. announced on April 21, 2025, the completion of the first 100 MW infrastructure phase at its Yguazù facility in Paraguay, marking a significant milestone in its expansion strategy. The company also appointed Carlos Anibal Torres as the new Paraguay Operations & Project Manager to support its growth in the region. This development positions HIVE for substantial growth, with plans to scale its operations to 11.5 EH/s by the end of Q2 2025 and a target of 25 EH/s by Fall 2025, enhancing its competitive stance in the digital mining industry.
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. is a pioneering technology company focused on sustainable blockchain and AI infrastructure powered by green energy. As the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017, HIVE has become a global leader in digital asset mining and AI computing, with operations in Canada, Sweden, and Paraguay.
YTD Price Performance: -44.34%
Average Trading Volume: 8,775,473
Technical Sentiment Signal: Buy
Current Market Cap: $286.8M
For a thorough assessment of HIVE stock, go to TipRanks’ Stock Analysis page.