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An update from HIVE Digital Technologies ( (TSE:HIVE) ) is now available.
HIVE Digital Technologies announced key milestones for January 2025, highlighting their Bitcoin production of 102 BTC, which increased their HODL portfolio to 2,657 BTC. The company strategically sold some Bitcoin to finance capital asset investments, including acquiring a 200 MW hydro-powered Bitcoin mining facility in Paraguay. This acquisition is expected to significantly increase their global mining capacity to 25 EH/s by September 2025 and marks a strategic expansion in Latin America. The company is also investing in upgrading its fleet with more energy-efficient mining machines and appointed Lieutenant General (Ret.) John R. Evans Jr. to its Global Strategy Advisory Committee, emphasizing its commitment to sustainable growth and operational excellence.
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. It was the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017 and has since become a global leader in digital asset mining and AI computing, with operations in Canada, Sweden, and soon Paraguay.
YTD Price Performance: -11.00%
Average Trading Volume: 9,488,121
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $427.4M
For a thorough assessment of HIVE stock, go to TipRanks’ Stock Analysis page.
