HIVE Digital Technologies Expands Bitcoin Mining Operations in Paraguay

HIVE Digital Technologies ( (TSE:HIVE) ) has provided an announcement.

HIVE Digital Technologies announced significant growth in its operations following the acquisition of Bitfarms’ Yguazú assets in Paraguay, achieving a 10% increase in global Bitcoin mining hashrate to 7.3 EH/s as of May 2025. The company is leveraging clean hydroelectric power to expand its capacity, with plans to reach 11.5 EH/s by June 2025 and 18 EH/s by the end of summer. This expansion positions HIVE as a major player in the Bitcoin mining industry, with strategic advantages in sustainable energy use and operational efficiency. The company also reported the production of 102 Bitcoin in April 2025, with expectations to double daily production by June, despite potential challenges from global supply chain issues and trade tensions.

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. is a pioneering technology company that advances 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 grown into a global leader in digital asset mining and AI computing, with operations in Canada, Sweden, and Paraguay.

Average Trading Volume: 858,235

Technical Sentiment Signal: Sell

Current Market Cap: C$411M

See more data about HIVE stock on TipRanks’ Stock Analysis page.