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RETRANSMISSION: HIVE Digital Technologies Announces February 2025 Production Results and Strategic Milestones
This news release constitutes a "designated news release" for the purposes of the Company's prosp...
About this update from Hive Digital Technologies Ltd
[{"type":"text","content":"RETRANSMISSION: HIVE Digital Technologies Announces February 2025 Production Results and Strategic MilestonesThis news release constitutes a \"designated news release\" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - March 10, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the \"Company\" or \"HIVE\"), a global leader in sustainable data center infrastructure, has released its unaudited production results for February 2025 (all amounts in US dollars, unless otherwise indicated).Key Highlights for February 2025:Bitcoin Production: Mined 89 BTC, bringing HIVE's HODL portfolio to 2,620 BTC, valued at $220 million as of February 28, 2025, based on a BTC closing price of approximately $84,000.HODL Update: The Company's Bitcoin holdings have increased by 23% year-over-year. However, on a month-over-month basis, BTC holdings saw a decline as HIVE strategically sold a portion of its BTC to invest in capital assets, including Bitfarms' 200 megawatt (\"MW\") hydro-powered Bitcoin mining assets in Paraguay.Mining Capacity: Maintained an average mining capacity of 5.6 Exahash per Second (\"EH/s\") with fleet efficiency at 20.9 Joules per Terahash (\"J/TH\"). HIVE achieved a peak BTC-only hashrate of 6.2 EH/s and a peak BTC-equivalent hashrate of 6.4 EH/s.Operational Efficiency: Achieved an average daily production rate of 3.2 BTC, equivalent to 16 BTC per Exahash.Executive Commentary:Frank Holmes, Executive Chairman of HIVE, commented: \"As we continue to expand and strengthen our executive team, we are aligning top-tier leadership with our strategic focus on two of the most transformative trends of our time-Bitcoin and AI. The appointment of Craig Tavares as President and Chief Operating Officer of Buzz HPC is a testament to our commitment to driving innovation and growth in high-performance computing and GPU cloud services. With over two decades of expertise in digital infrastructure, Craig's leadership will be instrumental in scaling Buzz HPC's operations and realizing our vision of reaching $100 million in revenue. His deep industry knowledge and track record of success positions us to capitalize on the immense opportunities ahead in AI-driven computing and bl...