Gate News reported that on March 18, Bitcoin mining company HIVE launched its first AI GPU cluster in Paraguay, expanding its business scope beyond Bitcoin mining.

HIVE Digital is accelerating business restructuring, reducing bitcoin mining in Sweden and pivoting toward Canadian AI data centers and high-performance computing to address tax pressures and market volatility. The new business model will shift revenue generation from block rewards to computing power service fees to improve cash flow stability, though it also faces intensifying competitive challenges. This transformation reflects industry trend shifts and may reshape the profitability logic of the mining ecosystem.

Bitcoin mining company HIVE is gradually reducing its mining operations in Sweden due to tax disputes and operational uncertainty. Simultaneously, through BUZZ company, it is expanding its liquid-cooled AI data center capacity in Canada by four times. Despite gaining legal support, Swedish authorities are still requiring it to pay disputed tax deposits.

Week 9 of 2026, the average total network hash rate of Bitcoin slightly increased to 1055 EH/s, with the average price slightly down by 1.9% to $68,046. Mining company Abits Group raised $2.1 million, Hive's revenue increased but posted a loss of $91 million, and IREN will be included in the MSCI US Index.

Bitcoin mining company Hive announced that revenue for Q3 of fiscal year 2025 reached $93.1 million, a year-over-year increase of 219%. Despite the significant revenue growth, due to depreciation and revaluation adjustments caused by expansion in Paraguay, Hive still reported a net loss of $91.3 million.

Gate News Bot Message, December 30th, according to CoinMarketCap data, as of press time, HIVE is trading at $0.11, up 10.35% in the past 24 hours, reaching a high of $0.12 and a low of $0.09. The 24-hour trading volume is $15.1 million. The current market capitalization is approximately $54.3 million, an increase of $5.09 million from yesterday. ## Recent Important News about HIVE: 1️⃣ **Bitcoin Mining Business Continues Expansion Supporting the Token Price** As a Bitcoin mining company, HIVE's core business is closely related to Bitcoin market performance. With Bitcoin prices stabilizing and mining difficulty adjustments, improved profitability for miners lays the foundation for its token price. Enhanced mining competitiveness and the advancement of capacity planning directly influence market assessments of HIVE's long-term value. 2️⃣ **Funding

Jinse Finance reports that TheMinerMag states that the Bitcoin mining industry is experiencing the most severe profit contraction in 15 years, with hash prices dropping to a structural low of about $35/PH/s. The recoup investment cycle for new generation Mining Rigs has extended to over 1000 days, while the next Halving is only about 850 days away. As profitability worsens, mining companies are beginning to deleverage, with CleanSpark having fully repaid its Bitcoin collateralized credit line. Mining company stocks have also seen a big dump, with MARA, CleanSpark, Riot, and HIVE experiencing declines between 32% and 54% since mid-October.

Jinse Finance reported that HIVE Digital Technologies has launched a stock sale plan at market value of up to $300 million to enhance funding flexibility and accelerate its transition to the AI and high-performance computing sectors. The company recently purchased land in Canada to build a data center capable of accommodating over 25,000 GPUs, with its "dual-engine" model leveraging Bitcoin mining revenue to drive computing power infrastructure expansion. Revenue in the latest quarter increased by 285% year-on-year, while Bitcoin production rose by 77% quarter-on-quarter.