HIVE launches 300 million USD additional issuance plan, up the ante AI infrastructure layout
2025-11-26 20:39:19
HIVE Digital Technologies has launched a $300 million-to-market share sale program to increase financial flexibility and accelerate the transition to AI and high-performance computing. The company recently purchased land in Canada to build a data center that can accommodate more than 25,000 GPUs. Its "dual-engine" model uses bitcoin mining revenue to drive computing infrastructure expansion. Revenue in the latest quarter jumped 285% year-on-year, and bitcoin production rose 77% month-on-month.
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