Expansion PlansThe acquisition of Bitfarm's Paraguay sites should materially boost self-mining capacity to ~25 EH/s by the end of 2025, making HIVE a large-scale player in this industry.
Financial PerformanceHIVE reported total F3Q25 revenues of $29.2M, up 29% q/q, with BTC mining revenues of $26.7M, driven by higher average BTC prices.
ValuationHIVE shares are viewed as attractively valued, with the company trading at ~5x annualized FQ3 EV/EBITDA before a material exahash ramp.