HIVE Digital Technologies is launching an at-the-market issuance program worth up to 300 million USD, helping the company enhance its financial flexibility after announcing a record business quarter. The program allows HIVE to sell shares through banks like KBW, Stifel, and Cantor Fitzgerald at market prices, but does not require the full limit to be utilized.
The move comes as HIVE continues to expand aggressively into AI infrastructure and high-performance computing. Earlier this month, the company purchased a 32.5-acre plot in Grand Falls (Canada) to build a renewable energy-powered data center campus, which can accommodate over 25,000 GPUs.
HIVE's “two-engine” strategy — using Bitcoin mining revenue to drive AI infrastructure development — is clearly reflected in the latest results: revenue increased by 285% YoY to 87.3 million USD, and Bitcoin production rose by 77% to 717 BTC. The BUZZ HPC segment is increasingly becoming the main growth driver.
Despite strong expansion, HIVE stock has fallen to around 3.10 USD, much lower than the 3-year peak of over 6.60 USD in October.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
