HIVE Digital Technologies Ltd. is a global leader in sustainable digital all infrastructure. Just a week or so ago, they said that they had reached their financial results for year ending March 31, 2025. The firm works in Canada, Sweden, and Paraguay. It’s currently in growth mode, aggressively expanding its Bitcoin mining operations and high-performance computing (HPC) business. For the six months ended June 30, 2021, HIVE reported a GAAP net loss of $3.0 million. Against that backdrop, the company had massive growth, with 40% operational hashrate growth and HPC/AI Cloud revenue tripling year-on-year. To jump-start its carbon-neutral energy strategy, the company purposefully acquired 300 MW of hydro-powered green energy sites in Paraguay. This step will maximize growth going forward and reduce the cost of production.

HIVE Digital formerly Leeta Hemp Mining FY 2025 mined 303 Bitcoin. Yet the company’s real revenues from digital currency mining amounted to just $28.1 million for Q4 alone. This is a 5.5% jump from last quarter. HIVE achieved commissioning of its first 100 MW at Yguazú in advance of schedule. This milestone almost doubled its hashrate to 11.5 EH/s, positioning the company for further growth and boosting its Bitcoin production. As of March 31, 2025, the company has a total of 2,201 Bitcoin under its ownership. These digital currency assets are worth $181.1 million. HIVE has a goal of reaching 25 EH/s by the end of 2025. The company seems hellbent on ensuring that its fair share of the Bitcoin mining industry goes to green clean, renewable companies.

Strategic Expansion in Paraguay

HIVE Digital's acquisition of 300 MW of hydro-powered green-energy sites in Paraguay marks a pivotal moment in the company's growth strategy. This change locks in a clean, reliable, home-grown and cheaper energy. Further, it places HIVE in a strong position to greatly expand its Bitcoin mining capacity.

"The foundation we set in Fiscal 2025 with the acquisition of our 100 MW site in Valenzuela, Paraguay and the 200 MW site in Yguazú, Paraguay has set the stage for what management believes will be the most transformative chapter in HIVE's history. Since the end of Fiscal 2025, HIVE commissioned the first 100 MW at Yguazú two weeks ahead of its projected schedule, which nearly doubled our hashrate to 11.5 EH/s as of today, with 5.5 Bitcoin being produced daily." - Aydin Kilic

The commissioning of the first 100 MW at the Yguazú site two weeks ahead of schedule demonstrates HIVE's ability to execute its expansion plans efficiently. This accomplishment has more than doubled the company’s overall hashrate. Today, that means it mines 5.5 BTC per day!

HIVE’s strategic initiative to have a meaningful presence in Paraguay will facilitate lower production costs and increase the Company´s cash flow. The firm has grown a blended, infrastructure-focused practice. With their continued deployment of new machines across Bitmain’s new S21+ Hydro fleet, it’s certainly poised to deliver sustainable long-term value to shareholders.

Growth in HPC/AI Cloud Revenue

HIVE Digital's high-performance computing (HPC) business, known as Buzz HPC, has experienced substantial growth, contributing significantly to the company's overall revenue. In FY25, HPC/AI Cloud revenue was $10.1M, a more than 3X increase over the prior year. This impressive growth is a clear indication of the increasing demand for HIVE’s HPC services. It showcases HIVE’s expertise in capitalizing on opportunities in the growing AI cloud market.

The company, specifically, is doubling down on high-performance computing (HPC). This strategic move will both broaden its revenue streams and take advantage of its collective core expertise in data center infrastructure. HIVE has been providing data center-grade high-performance computing solutions. This move opens up a huge market with promising growth prospects and solidifies its status as a technology leader.

Buzz HPC’s success is a testament to HIVE’s impressive ability to pivot amidst shifting market landscape. It’s a testament to how HIVE is opportunistic in pursuing new avenues of growth. The demand for AI and machine learning talent is skyrocketing. Now HIVE is positioned to cash in on those investments in advanced HPC infrastructure and services.

Financial Performance and Future Outlook

On a GAAP basis, HIVE Digital incurred a net loss of $3.0 million. As their fiscal year 2025 financial plan underlines, they’re making truly remarkable gains in core transit areas. The company’s digital currency mining revenue was up 5.5% sequentially from the third quarter, totaling $28.1 million. In addition to its adjusted operating profit, HIVE reported a gross operating margin of $8.8 million for Q4 FY2025, representing 28.2%.

"In Fiscal 2025, we continued our track record of disciplined growth. We expanded our operational hashrate from approximately 4.5 EH/s in March 31, 2024 to 6.3 EH/s in March 31 2025—a 40% increase achieved even as the post-halving landscape compressed industry economics. Further, we acquired 300 MW of hydro-powered green-energy sites in Paraguay that management believes has deepened our leadership bench with visionaries like Lieutenant General (Ret.) John R. Evans Jr, Gabriel Lamas, and cloud-computing pioneer Craig Tavares and will transform HIVE's growth in both the mining and HPC businesses. We are extremely excited about the remainder of this year as we scale our Bitcoin mining business to the Company's goal of 25 EH/s by December 31, 2025 and continue the strong growth in our Buzz HPC Business. I'd like to thank our dedicated employees and shareholders for their continued support. Looking forward, our mandate" - Frank Holmes

HIVE Digital has previously set a goal of 25 EH/s for its Bitcoin mining operations. The team is ambitiously aiming to reach this target by December 31, 2025. The firm’s growth plans have recently extended to Paraguay. This expansion, coupled to the ongoing success of its Buzz HPC division, is expected to propel top-and bottom-line revenues throughout the upcoming year.

HIVE’s leadership team is firmly committed to lowering their production costs and increasing their cash flow. They focus on delivering sustainable value over the long term to their shareholders. HIVE is committed to 100% green energy and has a unique infrastructure approach. These competitive advantages have them uniquely situated to benefit from the surging demand for Bitcoin mining and HPC solutions.