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Tag: Hive

  • HIVE Digital Shares Climb Pre-Market On Operational Advancements

    HIVE Digital Shares Climb Pre-Market On Operational Advancements

    As of the latest check, shares of HIVE Digital Technologies Ltd. (NASDAQ: HIVE) had increased by a substantial 7.75% pre-market on Thursday, reaching $2.50. The company’s revelation that it has doubled its worldwide Bitcoin mining hashrate from 6 EH/s at the start of 2025 to 12 EH/s has sparked the optimistic sentiment.

    At the same time, HIVE said that its operational performance had significantly improved, surpassing a yearly run rate revenue of $250 million.

    Growth and Strategy in Paraguay

    This achievement stems from HIVE’s substantial infrastructure development in Yguazú, Paraguay, where the company is making great strides toward constructing three campuses of data centers powered by hydropower. These state-of-the-art facilities are making Paraguay a global center for Bitcoin mining and renewable energy.

    HIVE has incorporated 1 EH/s of Bitmain S21+ Hydro ASIC miners in Phase 2 of development, with plans to grow up to 6.5 EH/s by the end of August. By the end of the summer, the business expects to attain 18 EH/s, and by Thanksgiving 2025, 25 EH/s.

    Strong Operational and Financial Results

    With a mining margin of over 55%, HIVE is already producing over 6 BTC every day and has already reached a $250 million yearly revenue run rate. The company expects to generate $400 million in yearly revenue with the expected 18 EH/s capability.

    In addition, HIVE wants to raise mining profits to over 60% and enhance fleet efficiency to 18.5 J/TH while taking current hashprice and electricity expenses into consideration.

    Industry Recognition

    The industry is taking notice of HIVE’s strong pace and creative execution in Paraguay. Along with providing real social advantages like better public lighting in Valenzuela and air conditioning systems at nearby schools, the project has also produced hundreds of local employment.

    HIVE’s projects are changing the standards for the deployment of digital infrastructure in developing nations by emphasizing sustainable development and community involvement.

  • Operational Success Drives HIVE Stock Momentum

    Operational Success Drives HIVE Stock Momentum

    The US stock charts are showing a notable increase in shares of HIVE Digital Technologies Ltd. (NASDAQ: HIVE), which as of the latest check were up 7.02% to $3.05. The spike comes after the business said that it had achieved a significant operational milestone, obtaining an astounding operational hashrate of 6.0 Exahashes per second (EH/s). Compared to the 4.08 EH/s recorded on December 31, 2023, this is a 47% growth year over year.

    Improvements in Technology and Cost-Efficiency Measures

    The addition of Canaan Inc.’s cutting-edge Avalon mining equipment to HIVE’s fleet of Bitcoin miners was the primary driver of this success. The improvement has increased its mining operations’ capacity and efficiency. The company’s dedication to profitable operations and cost-effective operations is further supported by the extremely inexpensive energy tariffs it has obtained in Sweden, where power costs less than two cents per kilowatt-hour.

    By the end of 2025, HIVE hopes to have achieved a worldwide hashrate capacity of 15 EH/s. The installation of a 100 MW hydroelectric-powered expansion in Paraguay would result in a fleet efficiency of 17 joules per terahash (J/TH), solidifying the business’s standing as a pioneer in environmentally friendly blockchain operations. 

    Strategic Relocation to San Antonio, Texas

    A significant milestone in HIVE Digital’s expansion plan has been marked by the announcement of the company’s move from Vancouver, Canada, to San Antonio, Texas. It is expected that the action will raise stock trading liquidity, improve shareholder value, and draw in a wider spectrum of international investors. To maintain business continuity, its CEO and CFO will stay in Canada, but the company’s leadership has agreed to lease new office space in San Antonio.

    Commitment to Green Innovation

    Aligned with its sustainability goals, HIVE’s expansion includes exploring renewable energy solutions in the US. The company remains at the forefront of environmentally responsible blockchain and AI-driven data center operations. Its dual focus on innovation and efficiency underscores its transformative vision in Bitcoin mining and blockchain technologies.

  • HIVE Stock Climbs Pre-Market As Strategic Expansion Strengthens Position

    HIVE Stock Climbs Pre-Market As Strategic Expansion Strengthens Position

    HIVE Digital Technologies Ltd. (NASDAQ: HIVE) experienced a notable rise in stock value following an announcement of major expansion initiatives. The stock price rose 12.26% to $5.22 as of the most recent pre-market check, driven by its acquisition of 6,500 miners in a calculated move to increase mining productivity and capacity.

    Strategic Fleet Modernization to Increase Capacity and Efficiency

    An important milestone in HIVE’s optimized return-on-investment (ROI) plan has been reached with the purchase of Avalon A1566 ASIC miners from Canaan Inc. Within HIVE’s operational fleet, the Avalon A1566 units set a new benchmark with their 185 terahashes per second (TH/s) and very efficient performance rate of 16.5 joules per terahash (J/TH).

    With an anticipated increase in overall capacity to 6 exahashes per second (EH/s) and a refined fleet efficiency of 20.5 J/TH by March 2025, this fleet update will replace older, less efficient 30 J/TH units. The remaining deliveries are planned for December 2024 to March 2025, with the first cargo of 500 miners expected to begin operations this week.

    HIVE is Fueling Long-Term Development

    In line with its commitment to sustainable development, HIVE is constructing a 100-megawatt (MW) green energy facility in Paraguay, utilizing operational cash flow to support its growth. This facility will enhance HIVE’s standing as a reliable Bitcoin proxy while also operating as a sustainable business entity. Once fully operational, the Paraguay site is expected to significantly bolster HIVE’s overall efficiency, contributing to a projected hashrate increase.

    Future Outlook and Targeted Expansion Goals

    HIVE projects an additional 30 MW of mining capacity—equivalent to approximately 2 EH/s—by early Q2 2025, lifting its hashrate to 8 EH/s by that time. By Q3 2025, the complete 100 MW Paraguay facility is expected to be functional, targeting a total fleet hashrate of 12.5 EH/s at an efficiency of 17.6 J/TH.

    This expansion highlights HIVE’s ongoing commitment to scaling its environmentally-conscious blockchain infrastructure, further solidifying its leadership in the sector. Through disciplined capital management and strategic partnerships, HIVE is positioned to leverage these upgrades for long-term profitability and sustainable growth.

  • What Is Driving A Bullish Wave In HIVE Stock Today?

    What Is Driving A Bullish Wave In HIVE Stock Today?

    HIVE Digital Technologies Ltd. (NASDAQ: HIVE) is currently experiencing an upward trend in the US stock market. As of the last check within the current session, HIVE stock demonstrated a 14.36% increase, reaching a trading value of $4.38. This surge in HIVE Digital stock follows a notable equity move.

    HIVE Digital (HIVE) has forged an agreement with Stifel Canada and Canaccord Genuity, acting as co-lead underwriters and joint bookrunners. According to the terms of the agreement, the Underwriters will acquire, on a bought-deal basis, 5,000,000 special warrants of HIVE at a price of $5.00 per Special Warrant.

    The agreement is poised to generate aggregate gross proceeds of $25,000,000 for the Company. The successful execution of the Offering is contingent upon obtaining all requisite regulatory and corporate approvals or consents.

    HIVE Digital will afford the Underwriters an option to augment the Offering’s size by an additional 15% of the Special Warrants sold under the Offering. This option is exercisable, either wholly or partially, at any time within 48 hours before the Closing Date.

    Each Warrant will confer the right upon the holder to purchase one common share of HIVE at a price of $6.00 per Warrant Share for a duration of 36 months following the closure of the Offering. The Special Warrants will be exercisable by their holders at any time subsequent to the Closing Date without incurring additional costs.

    In a strategic business move, HIVE Digital recently acquired 96 Nvidia H100 GPUs as part of its high-performance computing (HPC) and artificial intelligence (AI) strategy. The Company anticipates the delivery of eight GPUs in January 2024 and 88 in March 2024.

    HIVE aims to list 2,800 GPUs on its HPC platforms by the upcoming week. Upon the full market utilization of these chips, HIVE anticipates realizing an annual run rate revenue exceeding $15 million in January 2024.

  • HIVE Blockchain Technologies Ltd. (HIVE) stock is down in the pre-market; here is why?

    The pre-market for HIVE Blockchain Technologies Ltd. (HIVE) was slightly lower after the company reported third-quarter 2022 earnings. HIVE is trading at $2.56, down more than 3.7 percent from its closing price on Monday. The stock closed at $2.66 at the end of the last trading session. The stock volume traded in the last trading session was around 2.81 million shares. The current market cap of the company is around CAD 1.9 billion.

    HIVE: Fiscal 2022 Q3 Highlights

    • The revenue in the third quarter of fiscal 2022 was $68.2 million. The revenue increased by 397% compared to the same quarter last year.
    • During the third quarter of 2022, net income was $64.2 million, compared to $17.2 million in the same period of the previous year. Improved performance in gross mining margin1, increased Ethereum and Bitcoin prices, and profits from digital currency sales were primarily responsible for the increase in profitability.
    • HIVE’s third-quarter 2022 EPS was $0.17, up from $0.05 in the third quarter of 2021.
    • At the end of 2021, the digital currency assets of HIVE were worth $168.1 million.

    HIVE Executive Chairman’s remarks

    Chairman Frank Holmes of the company said they are thankful to their loyal shareholders for trusting in their vision to mine Ethereum and Bitcoin for a strong cash flow return. The company’s result depicts its dedication towards its goal of mining the maximum number of cryptocurrencies.

    Recent production updates

    According to the recent news updates the company had a total of 2,043 Bitcoin and 25,404 Ethereum. The numbers have improved by a fair number last year in the same quarter the company around $13 million worth of bitcoin.

    Conclusion

    HIVE Blockchain Technologies Ltd. (HIVE) has announced incredible quarterly results. The company’s revenue increased mainly due to the increase in cryptocurrency rates. Their revenue has increased significantly compared to the last reported quarter. On Tuesday, February 15, 2022, at 8:30 a.m. Eastern Time, HIVE Blockchain Technologies Ltd. (HIVE) will announce its results on a webcast.

  • HIVE reveals Third Quarter Earnings for 2021

    HIVE reveals Third Quarter Earnings for 2021

    HIVE revealed record income for the second from last quarter finishing December 31, 2021. Income for the three-month time frame expanded to $68.2 million, up 30% from the past quarter and 397 percent from a similar time a year ago. Total compensation was $64.2 million, up 7% from the past quarter and 273 percent from the earlier year.

    Hive’s joined fluid BTC and ETH had a gross worth of $168 million toward the finish of December 31, 2020, up 11x from $15 million the earlier year. HIVE had 1,813 Bitcoin (“BTC”) worth $83.1 million and 23,290 Ether (“ETH”) worth $84.9 million at the finish of the current December quarter.

    HIVE’s Executive Chairman, Frank Holmes, stated that they would like to thank their loyal shareholders once more for having faith in their vision to mine both Ethereum and Bitcoin in order to generate robust cash flow returns on invested capital and that they believe their outcomes continue to justify the meaningful impact to their strategic plan to mine both BTC and ETH and HODL as many coins as possible.

    Darcy Daubaras, CFO of HIVE, stated that a year ago, they made the deliberate choice not to sell their mined bitcoin or perform costly financing when brokerage firms were offering capital at a 20% discount or inspiring them to borrow against their BTC and ETH investments at a 12% cost of capital in the tussle by crypto mining businesses to purchase more ASIC chips. HIVE’s small equity investments were made at market rates or premiums to the stock price, allowing them to achieve the best robust returns on investments among their peers.

    Income from Crypto money mining was $68.2 million for the three months finished December 31, 2021, an expansion of roughly 397% from the earlier year, fundamentally because of an increment in digital currency costs, expanded Bitcoin creation because of the Quebec and Atlantic office acquisitions, and the acquisition of miners for those offices.

    About Hive (HIVE)

    HIVE Blockchain Technologies Ltd., the main digital money mining firm with efficient power energy and ESG procedure, opened up to the world in 2017.

    HIVE is a high-development innovation stock in the early blockchain area. As a public firm on a significant stock trade, they are overcoming any barrier between the advanced money and blockchain areas and conventional monetary business sectors. HIVE has forefront, efficient power energy-fueled server farm offices in Canada, Sweden, and Iceland, where they mine on the cloud and HODL both Ethereum and Bitcoin. Since the start of 2021, HIVE has kept the greater part of its ETH and BTC money mining benefits in safe stockpiling.

  • HIVE –  What is the Chart Showing Us?

    HIVE –  What is the Chart Showing Us?

    At the time of writing, HIVE is being traded at the price of $1.50. The price of the coin has decreased by almost 13% in the past 24 hours. The maximum and minimum of the day are around $1.74 and $1.50. The daily trading volume has on the other hand has also decreased by almost 19% in one day. HIVE is listed on coinmarketcap at 129th spot according to market capital and has a market dominance of 0.03%.

    HIVE before the crash had achieved its all-time high around the price of $1.050 in March 2021. During the crash, it created a bottom and dropped down to $0.16 in the month of June. Just like many other coins, the coin showed reversal and it was strong enough. HIVE eventually went on to create a new all-time high around the price of $3.411 during the month of November.

    HIVE has a total supply of around 383M tokens and has nearly all of them in the circulation i.ie around 383M. Ir can be traded at a lot of different exchanges such as Huobi, Binance, Uptbit, Gate.io.

    Technical Analysis – Hive

    We can see that HIVE has a really clean chart. The movement has been vigorous all the time and has seen no or little consolidation zones. We can see that the price of the coin had created a daily order block at the bottom. This happened when the price reversed and broke the lower high. The price failed to hold the last higher high and eventually fell down.

    HIVE - 1D

    The price fell down and broke the structure, this showed that the price has reversed the trend. Now the price has mitigated the order block. From here, we can expect a reaction from the price and we can expect the price to tap in the last higher high from where we can see that the price can eventually drop even lower.

    Price Prediction

    Hive has been one of the highly bullish coins in the market. According to wallet investor, HIVE in one year is expected to reach a value of $3.873. In five years, it is expected to touch $11.935. This shows that even though HIVE has a huge amount of potential in it and would give amazing returns but traders think that it wouldn’t be long before it reaches a new all-time high and starts trading above $10.

  • HIVE coin –  What is the Chart Showing Us?

    HIVE coin –  What is the Chart Showing Us?

    At the time of writing, HIVE is being traded at the price of $1.71. The price of HIVE has increased by almost 13.57% in the past 24 hours. The maximum and minimum of the day are around $1.84 and $1.46. The daily trading volume has also increased by almost 7.01% in one day. HIVE is listed on coinmarketcap at 121st spot according to market capital and has a market dominance of about 0.03%.

    HIVE before the crash had achieved its all-time high around the price of $1.050 in March 2021. During the crash, the price created a bottom and dropped down to $0.1652. As compared to other coins HIVE has been one of the fast gainers and it wasn’t long before it went on to create a new all-time high at the price of $3.4141 during the month of November

    The coin has a total supply of around 381M tokens and has the same amount of coins in circulation i.e. 381M. HIVE can be traded at a lot of different exchanges such as Binance, Mandela, Upbit, Huobi with different trading pairs.

    Technical Analysis – HIVE

    On the 4H time frame, we can see that HIVE had been moving in a descending channel for quite some time. The price was bearish after it failed to create a new higher high. Since then the price was respecting the trend line and we got to see it react to the trend line as well.

    After the sudden drop in the price of BTC, we saw a decrease in the price as well and a quick wick down was observed. This wick was quickly picked up by the traders and the price closed inside the trend line.

    HIVE -1D

    Now a point of interest is the order block that is created at the bottom. Even though, the price has grabbed the liquidity below. We can still expect this unmitigated area to drive the price down. As a result, if this level holds, we can look for a possible entry by taking into account other confluences as well.

    Price Prediction

    Hive (HIVE) has been one of the highly bullish coins in the market. According to wallet investor, in one year is expected to reach a value of $2.980. In five years, it is expected to touch $8.637. This is almost five times the current price.