Crypto miner HIVE Digital’s shares soar amid 263% surge in Bitcoin reserves

Hive Digital Technologies said solid income from the FY2025 quarter, fueled by Bitcoin operation and high -performance IT services.

canadian The Crypto Hive Digital Technologies Extraction Company saw its actions increase by 2.57% on Wednesday after revealing its third quarter results for the 2025 financial year, which has shown strong growth. On a Tuesday press releaseThe company whose headquarters are in Vancouver declared a total turnover of $ 29.2 million, driven by the two bitcoins (BTC) MINIAL AND High performance IT services.

During the quarter, Hive undermined 322 BTC, increasing his cryptographic assets to 2,805 BTC, worth $ 260 million. The figure marks an increase of 263% compared to 2024, which Frank Holmes, executive president of Hive, described as an important step.

Meanwhile, the company’s HPC activity has reached an annualized execution rate of $ 10 million, generating $ 2.5 million in revenue for the quarter. Hive’s operational margins were $ 6.1 million. Despite the difficult environment, the smart spending strategy of Hive helped it display a net net income of $ 1.3 million for the quarter, a large turnaround compared to the loss of $ 7 million in the last year. The company now seeks to extend its Paraguay site to increase its Bitcoin extraction capacity.

In January, Hive signed an agreement of several million to acquire a 200 MW mining site in Paraguay, with plans to reach 25 eh / s by September. Like crypto.News reportedThe installation, called yguazú, will be developed in two phases. The first phase – which is already complete at 80% – should be posted by Q2, adding 6 eh / s, while the second – expected by August – will contribute 6.5 eh / s using Hydro Hydro -Bitmain S21 +.