HIVE Digital Technologies Hopes To Quadruple Hashrate With Strategic Paraguay Deal, Receives Wall Street Endorsement
Since its launch in 2009, Bitcoin has sparked significant interest in blockchain technology and decentralized finance. At the same time, data center computing demand is surging. Companies poured hundreds of billions of dollars into data centers in 2024, and that pace is expected to accelerate in 2025. One company that operates at the intersection of both of these exciting technologies is HIVE Digital Technologies (NASDAQ:HIVE), a San Antonio, Texas-based data center leader.
HIVE says it has gotten off to a running start in 2025 and has recently published its production update for February. A key highlight was the company’s strong Bitcoin production, which aligns well with its bold expansion strategy, both internally and externally. Chief among these milestones was an update on HIVE’s key acquisition of Bitfarms’ hydro-powered Bitcoin mining assets in Paraguay, which the company hopes will set the stage for massive growth this year and beyond.
HIVE’s expansion drive coincides with increasing policy support for Bitcoin in the U.S., and HIVE’s stock offers a way for interested investors to gain exposure to the Bitcoin mining sector.
HIVE’s Strategic Paraguay Deal
In February alone, HIVE Digital Technologies reported that it mined nearly 90 Bitcoins, bolstering its portfolio to 2,620 BTC, which were valued at $220 million at last check, with BTC price being off its peak. The company has grown its Bitcoin holdings by nearly 25% year-over-year …
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