HIVE Digital Technologies Stock Jumps 10% On Bitcoin Mining Milestone

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HIVE Digital's stock surged after announcing a major increase in its Bitcoin mining capacity.
The company's hash rate jumped 58% thanks to a new hydro-powered data center.
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Shares of HIVE Digital Technologies Ltd HIVE surged 9.89% to $2.00 Friday afternoon after the company announced an operational achievement in its Bitcoin BTC/USD mining capacity.

What To Know: The Vancouver-based firm reported a 58% increase in peak hash rate in May, reaching 10.4 exahash per second (EH/s), up from 6.6 EH/s in April. HIVE now exceeds 1% of the global Bitcoin network hashrate.

The growth was largely driven by the activation of a 100 MW hydro-powered facility in Paraguay, bolstering HIVE’s position in sustainable digital infrastructure. With operations spanning nine time zones and five languages, HIVE uses 100% renewable hydroelectric power across its data centers.

In May, HIVE mined 139 Bitcoin, averaging 4.5 BTC per day, and aims to surpass 5 BTC daily in June. The company expects to hit 11.5 EH/s by month-end and 25 EH/s by Q4 2025. Executives noted the company's ability to deploy new ASIC miners within six hours, rapidly converting hardware into revenue.

CEO Aydin Kilic emphasized efficiency improvements, projecting production costs below $50,000 per Bitcoin as the company targets 18 EH/s this summer and over 12 BTC daily output by year-end.

How To Buy HIVE Stock

By now you're likely curious about how to participate in the market for HIVE Digital Technologies – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of HIVE Digital Technologies, which is trading at $2.0 as of publishing time, $100 would buy you 50.0 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

According to data from Benzinga Pro, HIVE has a 52-week high of $5.54 and a 52-week low of $1.26.

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