Hive - HIVE

HIVE Digital Technologies Stock (NASDAQ: HIVE)

Dernières nouvelles pour HIVE Digital Technologies (NASDAQ:HIVE) Stock

HIVE Digital Technologies

HIVE Digital Technologies Ltd is in the business of providing infrastructure solutions in the blockchain industry. It focuses on the mining and sale of digital currencies. Its geographical segments include Canada, Sweden, Iceland, Switzerland, and Bermuda, out of which the majority of the revenue comes from Bermuda.

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HIVE Digital Technologies Ltd - Common Shares

HIVE Digital Technologies Ltd

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HIVE Digital Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) announced on Tuesday its acquisition and deployment of advanced Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) H100 and H200 GPU clusters <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/42665811/hive-expands-nvidia-chip-suite-to-power-ai-boom-with-30-million-h100-and-h200-gpu-clusters-to-be-de" rel="noreferrer noopener">in Quebec, Canada</a>.
This strategic $30 million investment aims to strengthen HIVE&#8217;s position in artificial intelligence (AI) and high-performance computing (HPC) and enhance its role in the digital transformation landscape.
The new GPU clusters are part of HIVE&#8217;s broader strategy to drive growth in AI and HPC markets.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/12/42613368/broadcom-expects-decade-long-ai-chip-boom-as-big-tech-invest-billions" rel="noreferrer noopener">Broadcom Expects Decade-Long AI Chip Boom as Big Tech Invest Billions</a>
HIVE expects the latest technology to significantly boost its annualized run-rate revenue and margin growth in the coming quarters.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24062648/newplot-14.png" alt="" class="wp-image-705809" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24062648/newplot-14.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/24062648/newplot-14-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
The Nvidia H100 cluster, consisting of 248 GPUs across 32 nodes, is fully configured and set to be operational by the end of 2024. Once deployed, this cluster will likely generate ~$15 million in annualized run-rate revenue.
The Nvidia H200 cluster, featuring 508 GPUs in 64 nodes, is scheduled to arrive in early January 2025 and be deployed in the first quarter of 2025.
HIVE projects over $20 million in annualized run-rate revenue from the H200 cluster by the second quarter of 2025.
Aligned with its commitment to sustainability, HIVE powers its operations in Quebec entirely with renewable energy.
In October, Cantor Fitzgerald&#8217;s Brett Knoblauch <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41603920/hive-pushes-hash-rate-higher-sharpens-focus-on-ai" rel="noreferrer noopener">highlighted HIVE&#8217;s measured</a> approach to growth, contrasting it with peers focusing on aggressive expansion.
He noted that the company prioritizes maximizing returns from fleet investments over rapid scaling, which has led to underperformance relative to competitors.
The analyst expects HIVE to double its hash rate in the coming year while maintaining its top-tier mining efficiency. He also pointed out HIVE&#8217;s advancements in AI and high-performance computing (HPC), emphasizing the potential of its GPU cloud platform, HIVE Cloud.
HIVE&nbsp;stock plunged over 32% year-to-date.
Price Actions:&nbsp;HIVE stock is up 2.69% at $3.05 at the last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/24/12/42621868/nvidia-secures-eu-approval-for-runai-deal-us-probes-china-export-breach" target="_blank" rel="noreferrer noopener">Nvidia Secures EU Approval For Run:ai Deal, US Probes China Export Breach</a></li>
</ul>
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HIVE Digital Boosts AI Ambitions With $30 Million Nvidia GPU Deployment

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HIVE Strengthens AI Infrastructure With $30M In NVIDIA H100 and H200 GPUs

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Roth MKM analyst Darren Aftahi initiates coverage on HIVE Digital Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) with a Buy rating and announces Price Target of $7.5.

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Roth MKM Initiates Coverage On HIVE Digital Technologies with Buy Rating, Announces Price Target of $7.5

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Key Highlights for November 2024:
<ul>
<li>Bitcoin Production: HIVE mined 103 BTC, bringing its HODL portfolio to 2,713 BTC, a 67% increase year-over-year.</li>
<li>Mining Capacity: Maintained an average mining capacity of 5.3 Exahash per Second ("EH/s") with fleet efficiency at 22.3 Joules per Terahash ("J/TH"), reaching a peak hashrate of 5.7 EH/s.</li>
<li>Operational Efficiency: Achieved an average daily production rate of 3.42 BTC, equivalent to 19.3 Bitcoin per Exahash.</li>
<li>Bitcoin Valuation: HIVE's Bitcoin holdings were valued at over $261 million as of November 30, 2024, based on a BTC closing price of approximately $96,400.</li>
</ul>

Markets

HIVE Digital November 2024 Production Results: Bitcoin Holdings Values At $261M, Mining Capacity Reaches 5.3 EH/s

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HC Wainwright &amp; Co. analyst Mike Colonnese reiterates HIVE Digital Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) with a Buy and maintains $8 price target.

Reiteration

HC Wainwright & Co. Reiterates Buy on HIVE Digital Technologies, Maintains $8 Price Target

Frank Holmes, Executive Chairman of HIVE, stated: "Once fully deployed, our strategic expansion to 15 EH/s will propel HIVE to over $300 million in annualized revenue and deliver more than $200 million in mining margin, based on current mining economics. At 2% of the Bitcoin network's total hashrate, we expect to produce approximately 9 Bitcoin per day at the current difficulty level, supporting HIVE's clear vision for scaling our operations while sourcing green hydro energy and driving significant value for shareholders."

HIVE To Achieve $300M In Revenue And 15 EH/S Mining Capacity With Acquisition Of Advanced Bitmain S21+ Hydro Chips

Shares of crypto-linked stocks are trading higher as Bitcoin hovers around $100K.

Shares of Bitcoin miners and crypto-linked stocks are trading higher amid a rise in Bitcoin.

HIVE Digital's Green Energy Drive And AI Expansion Win Shareholder Support Ahead Of Key Meeting

This latest acquisition builds upon the recent purchase of 6,500 Avalon miners announced earlier this month, bringing the total number of new Avalon ASIC miners ordered in November to 11,500.
The addition of these cutting-edge miners will replace older equipment with an efficiency of 30 J/TH and increase HIVE's operational capacity to 6.4 EH/s at an industry-leading efficiency of 19.5 J/TH by the end of the 2025 calendar year. This marks a significant improvement from the current fleet, which operates at 5.6 EH/s with an efficiency of 22.3 J/TH. The upgrade supports HIVE's dedication to operational excellence and an ROI-driven approach to capital allocation.

HIVE Digital Expands Mining Fleet With 5,000 Canaan Avalon A15 Miners, Driving Efficiency And Growth

According to the purchase agreement,&nbsp;CCG will provide HIVE&nbsp;with 5,000&nbsp;Avalon A15-194T&nbsp;miners, with an&nbsp;average computing power of 194&nbsp;Terahash per second (TH/s), expected to be delivered in the first quarter of 2025.&nbsp;

Contracts

Canaan's Singapore Subsidiary Enters Follow-on Order Purchase Agreement With HIVE Digital Technologies For Its Avalon A15-194T Miners

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Roth MKM analyst Darren Aftahi initiated coverage of Hive Digital (HIVE) with a Buy rating and $7.50 price target Published first on TheFly – the u...

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HIVE Digital Technologies invests $30M in NVIDIA H100 and H200 GPU clusters in Quebec

HIVE Digital Technologies (HIVE) announces the acquisition and deployment of an additional cluster of NVIDIA (NVDA) H100 GPUs in the Canadian provi...

Hive Digital expands NVIDIA chip suite with $30M investment

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HIVE Digital Technologies (NASDAQ: HIVE) Experiences &#34;Monumental&#34; Month Amid Tech Tailwinds, Triggering Key Production Milestones And Expansion

Press Releases

RETRANSMISSON: HIVE Digital Technologies Announces Continued Momentum with Green Energy Strategy and Independent Proxy Advisory Support for Upcoming Annual General and Special Meeting of Shareholders

HIVE Announces Transformative Acquisition of 8.6 EH/s of Bitmain S21+ Hydro Chips, Projecting 15 EH/s by Summer 2025, Driving $300 Million Revenue and 2% of Global Bitcoin Mining Network

RETRANSMISSON: HIVE Announces Transformative Acquisition of 8.6 EH/s of Bitmain S21+ Hydro Chips, Projecting 15 EH/s by Summer 2025, Driving $300 Million Revenue and 2% of Global Bitcoin Mining Network

HIVE Digital Technologies Announces November 2024 Production Results and Strategic Milestones

RETRANSMISSION: HIVE Digital Technologies Announces November 2024 Production Results and Strategic Milestones

HIVE Provides Results from Shareholder Meeting

HIVE Digital Technologies (NASDAQ: HIVE) Experiences "Monumental" Month Amid Tech Tailwinds, Triggering Key Production Milestones And Expansion

HIVE Expands NVIDIA Chip Suite to Power AI Boom with $30 Million H100 and H200 GPU Clusters to be Deployed in Quebec

RETRANSMISSION: HIVE Expands NVIDIA Chip Suite to Power AI Boom with $30 Million H100 and H200 GPU Clusters to be Deployed in Quebec

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