HIVE Digital Technologies ( (TSE:HIVE) ) has shared an announcement.
HIVE Digital Technologies has commenced operations at its new 200 MW hydro-powered mining site in Yguazú, Paraguay, marking a significant milestone in its expansion strategy. In March 2025, HIVE mined 108 Bitcoin, increasing its holdings to 2,201 BTC, and plans to quadruple its mining capacity by the end of 2025. The company is focused on sustainable growth and aims to become a leading green-powered Bitcoin miner, with a disciplined capital strategy and efficient infrastructure supporting its expansion.
Spark’s Take on TSE:HIVE Stock
According to Spark, TipRanks’ AI Analyst, (TSE:HIVE) is a Neutral.
HIVE Digital Technologies faces significant financial and technical challenges, reflected in negative profitability and bearish technical indicators. While strategic expansions and leadership changes provide growth potential, these are overshadowed by current financial instability and valuation concerns. The stock remains a cautious investment until operational efficiencies and market conditions improve.
To see Spark’s full report on (TSE:HIVE) stock, click here.
More about HIVE Digital Technologies
HIVE Digital Technologies Ltd. is a global leader in sustainable digital infrastructure, focusing on blockchain and AI infrastructure powered by green energy. The company is known for its pioneering efforts in the cryptocurrency mining industry, utilizing hydro-powered and other green energy sources to advance its operations.
YTD Price Performance: -54.69%
Average Trading Volume: 9,712,206
Technical Sentiment Signal: Strong Buy
Current Market Cap: $219.9M
Find detailed analytics on HIVE stock on TipRanks’ Stock Analysis page.