HIVE Digital stock soars on BTC mining, revenue milestones

Key Points

1. HIVE Digital's stock rose nearly 6.5% to $2.47 per share, with a market capitalization of about $530 million, and has climbed over 21% in the past month.

2. The company surpassed 12 EH/s in Bitcoin mining hashrate, doubling its output since the start of the year, and is generating over $250 million in annualized revenue.

3. HIVE mines more than 6 BTC daily with an operating margin of roughly 55% and holds 2,201 BTC, ranking among the top-20 public Bitcoin investors.

4. The company is expanding into AI and high-performance computing (HPC), repurposing GPUs for AI workloads, with Nvidia’s H100 chips cited as a key growth driver.

5. HIVE expects to reach $400 million in annualized revenue once it scales up to 18 EH/s.