What's Going On With HIVE Digital Technologies Stock?

Benzinga

HIVE Digital Technologies Ltd shares rose Tuesday, building on momentum from Monday’s update that Bitcoin production climbed 22% in August, according to Benzinga. The company mined 247 BTC, averaging 8 BTC per day, as it advanced expansion efforts in Paraguay. HIVE completed Phase 2 of its Yguazu Project and progressed on its 100 MW Phase 3 Valenzuela site, lifting its global fleet to 18.5 exahashes per second. Management reiterated its target of reaching a 25 exahashes per second hashrate by November 2025. Shares gained 13.46% to $2.951 on Tuesday afternoon, according to Benzinga Pro.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Hive Digital Technologies Ltd. shares rose Tuesday, building on momentum from Monday's

00:08update that Bitcoin production climbed 22% in August, according to Benzinga.

00:13The company mined 247 BTC, averaging 8 BTC per day, as it advanced expansion efforts in Paraguay.

00:22Hive completed phase two of its Iguazu project and progressed on its 100 megawatt phase three

00:27Valenzuela site, lifting its global fleet to 18.5 exahashes per second.

00:33Management reiterated its target of reaching a 25 exahashes per second hash rate by November

00:382025.

00:40Shares gained 13.46% to $2.95 on Tuesday afternoon, according to Benzinga Pro.

00:46For all things money, visit Benzinga.com.

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