HIVE Digital Technologies Launches Operations at Paraguay Site, Reports March Bitcoin Production

HIVE Digital Technologies ( (TSE:HIVE) ) just unveiled an announcement.

HIVE Digital Technologies announced the commencement of mining operations at its hydro-powered 200 MW site in Yguazú, Paraguay, as of April 7, 2025. In March 2025, HIVE mined 108 Bitcoin, increasing its holdings to 2,201 BTC, valued at approximately $180 million. The company is on track to quadruple its global mining capacity from 6 EH/s to 25 EH/s by the end of 2025, leveraging its green-powered infrastructure and disciplined capital strategy. This expansion positions HIVE as a leader in sustainable Bitcoin mining, with significant implications for its market presence and stakeholder value.

Spark’s Take on TSE:HIVE Stock

According to Spark, TipRanks’ AI Analyst, TSE:HIVE is a Neutral.

HIVE Digital Technologies has a moderate overall score due to significant financial challenges and bearish technical trends. However, the company’s strategic expansions and strong revenue growth potential, as highlighted in the earnings call and corporate events, provide some optimism for future performance. Investors should remain cautious, focusing on the company’s ability to improve operational efficiency and manage financial risks.

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 established itself as a global leader in digital asset mining and AI computing, with operations in Canada, Sweden, and Paraguay.

YTD Price Performance: -52.10%

Average Trading Volume: 9,635,788

Technical Sentiment Signal: Buy

Current Market Cap: $233.8M

See more insights into HIVE stock on TipRanks’ Stock Analysis page.