Latest news with #HIVEDigitalTechnologiesLtd
Yahoo
a day ago
- Business
- Yahoo
HIVE Digital Technologies Ltd (HIVE) Q1 2026 Earnings Call Highlights: Record Revenue and ...
Release Date: August 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points HIVE Digital Technologies Ltd (NASDAQ:HIVE) reported a record quarter with over $45 million in total revenue, primarily driven by Bitcoin mining operations. The company achieved a significant growth in earnings per share, increasing by 206% year over year. HIVE's strategic expansion in Paraguay has been transformative, allowing the company to rapidly scale its Bitcoin mining operations. The company maintains a strong balance sheet with $24.6 million in cash and $47.3 million in digital currencies. HIVE's focus on renewable energy and sustainable practices positions it well for future growth, particularly in the AI and HPC sectors. Negative Points The volatility of Bitcoin prices poses a risk to HIVE's financial performance, as evidenced by the significant non-cash reevaluation of Bitcoin on their balance sheet. High depreciation charges due to the purchase of new GPU and ASIC chips for AI and Bitcoin buildout could impact profitability. The company's expansion and scaling efforts require significant capital investment, which could strain financial resources if not managed carefully. HIVE's growth strategy involves complex operations across multiple countries, which may present logistical and regulatory challenges. The competitive landscape in the Bitcoin mining and AI sectors is intensifying, which could pressure HIVE's market position and margins. Q & A Highlights Warning! GuruFocus has detected 7 Warning Signs with HIVE. Q: Can you provide an overview of HIVE's financial performance for Q1 2026? A: Aiden Killick, President and CEO, highlighted that HIVE had a record quarter with over $45 million in total revenue, 90% of which came from Bitcoin mining operations and 10% from their HPC AI business. The company achieved a gross operating margin of 38%, yielding about $15.8 million in cash flow from operations, and reported a net income of $35 million with $44.6 million in adjusted EBITDA. Q: How is HIVE managing its Bitcoin holdings and what strategies are in place for future growth? A: Aiden Killick explained that HIVE ended the quarter with 435 Bitcoin on the balance sheet and has a Bitcoin pledge strategy allowing them to purchase Bitcoin back at zero interest. This strategy has enabled HIVE to scale its Bitcoin mining business without dilution or taking on debt, effectively using $200 million worth of CapEx. Q: What are the key developments in HIVE's expansion efforts, particularly in Paraguay? A: Aiden Killick noted that HIVE has significantly expanded its operations in Paraguay, completing phase one of their expansion ahead of schedule. They are currently operating at over 15 exahash and are fully funded to reach 25 exahash by American Thanksgiving. This expansion is part of their strategy to maintain a 440 megawatt green energy footprint for Bitcoin mining. Q: How does HIVE's AI and HPC business contribute to its overall strategy? A: Craig Tavares, President of Buzz HPC, explained that HIVE's AI and HPC business is rapidly scaling, with a target of reaching $100 million ARR. The company operates over 5,000 GPUs and is focused on providing a full suite of infrastructure services for AI, leveraging their existing data centers and renewable energy sources. Q: What are HIVE's future plans for data center expansion and AI infrastructure? A: Craig Tavares mentioned that HIVE is expanding its data center footprint with recent acquisitions in Toronto and Sweden. These facilities will support their sovereign AI strategy and are expected to go live next year. The Toronto data center, in particular, will be a tier 3 facility leveraging liquid cooling infrastructure to support high-density GPU clusters. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
03-07-2025
- Business
- Yahoo
HIVE Digital Technologies' AI Cloud Earnings Tripled, Here Is What You Should Know?
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is one of the . On June 25, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) reported its FY2025 results, posting revenue of $115.3 million as AI cloud earnings almost tripled. HIVE Digital Technologies Ltd.'s HPC and AI cloud revenue soared to $10.1 million from $3.4 million a year ago, growing three times year-over-year. The increase in this segment was mainly due to the expansion of the GPU fleet, earning AI compute revenue. The robust demand for high-performing computing markets continues to push sales for HIVE. Due to high demand, the company has scaled its GPU fleet to 5,000 units under its BUZZ HPC business. A close-up of a businesswoman using a laptop, being illuminated by the AI-enabled cloud interface sponsored by the company. HIVE Digital Technologies recently announced the purchase of a facility with a total installed capacity of 7.2 megawatts in Toronto to support its HBC infrastructure. This facility will accelerate the development of a sovereign Canadian AI ecosystem through HIVE's BUZZ HPC business. HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is a technology company advancing in sustainable blockchain and AI infrastructure powered by green energy. While we acknowledge the potential of HIVE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
San Francisco Chronicle
26-06-2025
- Business
- San Francisco Chronicle
HIVE Digital Technologies: Fiscal Q4 Earnings Snapshot
VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — HIVE Digital Technologies Ltd. (HIVE) on Wednesday reported a loss of $52.9 million in its fiscal fourth quarter. On a per-share basis, the Vancouver, British Columbia-based company said it had a loss of 34 cents. Losses, adjusted for non-recurring costs, were 31 cents per share. The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share. The crypto currency mining company posted revenue of $31.2 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $32 million. For the year, the company reported a loss of $3 million, or 2 cents per share. Revenue was reported as $115.3 million. _____
Yahoo
28-05-2025
- Business
- Yahoo
HIVE Digital Achieves 10 EH/s Mining Breakthrough, Races Toward 25 EH/s Goal
HIVE Digital Technologies Ltd. (NASDAQ:HIVE) surpassed 10 Exahash per second (EH/s) in Bitcoin mining capacity, as reported on May 28. This milestone exceeds the company's previous 9.5 EH/s record announced just seven days ago. The company now produces over 5 Bitcoin daily and maintains above 1% of the global Bitcoin network hashrate. A team of technicians working on a server of bitcoin mining equipment in a data center. The accelerated expansion centers on HIVE's Paraguay operations, where the company deployed new mining equipment at its 100 MW hydro-powered Yguazú facility. The mining fleet operates at 20 Joules per Terahash efficiency. HIVE Digital Technologies Ltd. targets 11.5 EH/s by June 2025 as part of its first expansion phase. A second 100 MW facility in Yguazú will launch by summer 2025, targeting 18 EH/s capacity. The company plans to complete a third 100 MW campus in Valenzuela, Paraguay, which is key to achieving its 25 EH/s goal by Q4 2025. It assured investors that this expansion is fully funded, eliminating dilution concerns typically associated with rapid scaling. At the same time, Buzz HPC, a HIVE (NASDAQ:HIVE) subsidiary, achieved an important milestone. The entity reached $20 million in annualized run-rate revenue from its GPU cloud business. The division operates over 5,000 GPUs for AI workloads, providing strategic diversification beyond Bitcoin mining operations. HIVE Digital Technologies Ltd is a technology company that specializes in Bitcoin mining and high-performance computing (HPC). It builds and operates data centers in Canada, Sweden, and Paraguay. HIVE uses NVIDIA GPUs to support AI and HPC markets. While we acknowledge the potential of HIVE Digital Technologies Ltd (NASDAQ:HIVE) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HIVE and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Yahoo
28-05-2025
- Business
- Yahoo
RETRANSMISSION: HIVE Digital Technologies Surpasses 10 EH/s of Bitcoin Hashrate as Expansion in Paraguay Accelerates
This news release constitutes a "designated news release for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024. San Antonio, Texas--(Newsfile Corp. - May 28, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a global leader in sustainable digital infrastructure, is pleased to announce it has surpassed 10 Exahash per second (EH/s) of global Bitcoin mining hashrate, and in the process has added 1 EH/s each week for the last month. As of today, HIVE reports a total operating hashrate of over 10 EH/s and is ahead of schedule to reach its Phase 1 objective of 11.5 EH/s by the end of June 2025, with a global fleet efficiency of 20 Joules per Terahash. HIVE continues to execute on its strategic expansion toward its 25 EH/s target for calendar Q4 2025 and is working hard to maintain the cadence of its rapid scaling. The Company notes that this growth is fully funded. BUZZ HPC Surpasses Growth Milestone in HPC Cloud, Achieves $20M ARR Ahead of Schedule The Company is proud to announce that its high-performance computing ("HPC") subsidiary, Buzz HPC, has surpassed a key growth milestone-reaching a $20 million annualized run-rate revenue in its GPU cloud business. This achievement comes one month ahead of the Company's target of June 2025, underscoring the successful execution of HIVE's aggressive HPC expansion strategy. Buzz HPC's rapid scale-up reflects strong operational momentum, with over 5,000 cutting-edge GPUs now actively deployed. This milestone not only validates the Company's vision for HPC growth but also reinforces its position as an emerging leader in GPU cloud infrastructure. Executive Commentary Frank Holmes, Co-Founder and Executive Chairman of HIVE, commented: "Our HPC growth has outpaced expectations-from early projections to now reaching $20M in annualized revenue. With approximately 5,000 GPUs powering AI workloads, we believe our GPU cloud business is a high-value asset, potentially worth 10 to 20 times its annualized cash flows." Aydin Kilic, President & CEO of HIVE, stated: "It is a monumental accomplishment for HIVE to reach 10 EH/s, and we are now producing over 5 Bitcoin per day. I am very proud of our team for executing. What is remarkable is we have added approximately 1 EH/s of Bitcoin mining capacity on a weekly basis, exceeding our previous guidance to bring on 1 EH/s every 2 weeks. We have done so consecutively for the last month. Our Country President Gabriel Lamas has been consistently executing on his targets, embodying the high-performance work culture at HIVE." About HIVE Digital Technologies Ltd. HIVE Digital Technologies Ltd. is a pioneering technology company advancing 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, HIVE continues to innovate while reducing its environmental footprint. For more information, visit or connect with us on: X: On Behalf of HIVE Digital Technologies Ltd. "Frank Holmes"Executive Chairman For further information, please contact: Nathan Fast, Director of Marketing and Branding Frank Holmes, Executive Chairman Aydin Kilic, President & CEO Tel: (604) 664-1078 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the acquisition of the new site in Paraguay and its potential, the timing of it becoming operational; business goals and objectives of the Company; the acquisition, deployment and optimization of the mining fleet and equipment; the continued viability of its existing Bitcoin mining operations; the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon. Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to: the inability to enter into a binding agreement and complete the acquisition of the Paraguay site on the terms as announced or at all; the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our mining facilities are located; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at and The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law. 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