Negative
26Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 1 day ago
- Bias Distribution
- 100% Left
HIVE Digital Boosts Bitcoin Output 18% Paraguay Expansion
HIVE Digital Technologies reported an 18% increase in Bitcoin production for June 2025, mining 164 BTC compared to 139 BTC in May, driven largely by the expansion of its hydro-powered 100 MW Phase 1 facility in Paraguay. The company has launched Phase 2 of its Paraguay expansion, currently operating at 0.4 EH/s, with plans to scale up to 25 EH/s by American Thanksgiving and reach a daily production target of 12 BTC by year-end. To support this aggressive growth and infrastructure expansion, HIVE raised approximately C$96.7 million through an at-the-market offering and acquired a 7.2 MW Tier 3 data center in Toronto to strengthen its AI computing capabilities through its subsidiary BUZZ High Performance Computing. Analyst sentiment is generally optimistic, with an average price target of around $7.07 and an 'Outperform' consensus, although some valuation models suggest potential downside risks due to the company's current financial challenges. Management highlights the rapid, green, and efficient scaling of operations under strong leadership, emphasizing the strategic importance of Paraguay in their global growth plans. Despite some technical and financial headwinds, HIVE's expansion initiatives position it as a significant player in sustainable digital infrastructure and AI sectors.

- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 1 day ago
- Bias Distribution
- 100% Left
Negative
26Serious
Neutral
Optimistic
Positive
Related Topics
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Gift Subscriptions
The perfect gift for understanding
news from all angles.