Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

HIVE Digital launches a flexible issuance program of 300 million USD to make a strong push for AI expansion.

robot
Abstract generation in progress

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.

BTC5.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)