hive

HIVE Digital Technologies, a Bitcoin mining company, is seeking to generate $45 million in annual revenue through a Swedish AI data center, but has not finalized the lease agreement. In its latest financial report update, HIVE reiterated that its 32-megawatt Big Boden facility in Sweden could generate the aforementioned revenue through a long-term hosting arrangement, which depends on the final agreement, financing, facility upgrades, and project commissioning. The company first disclosed the proposal in June, involving an unnamed Swedish investment-grade technology company, with a lease term of up to 10 years. CEO Aydin Kilic stated during the earnings call that both parties are negotiating terms regarding deposits, termination rights, and other factors that may affect financing costs, and an advisor from a lender visited the site last week. HIVE expects to seek financing for the Boden project after signing the lease, possibly through corporate bonds.The data center also requires extensive renovations. HIVE plans to transform it into a facility capable of accommodating up to 10,000 Nvidia GB300 GPUs, utilizing liquid cooling to handle high-density computer racks. Although the facility has 32 megawatts of power access, the proposed client will receive about 25 megawatts of usable computing power, with the remaining power used for data center operations. Kilic noted that the site has evolved from supporting Ethereum GPU computing facilities.This expansion is part of HIVE's broader effort to move away from Bitcoin mining. In June, HIVE signed a three-year large-scale AI computing agreement with Bell Canada and Cohere, covering 2,304 Nvidia GPUs. HIVE currently reports $185 million in contracted GPU cloud annual recurring revenue, of which only $40 million is operational. The company's goal is to achieve approximately $700 million in annualized high-performance computing revenue by the end of 2028.

According to official news, HIVE Protocol announced that it will officially launch on November 12 at 08:08 (UTC+8). This is an on-chain micro-strategy experiment based on the Web3 framework, aimed at exploring the community-built asset aggregation path for BNB.The protocol is initiated by DBCC (DAOBase Chinese Community), built on BEE, and receives technical and transparency support from DAOBase's "Build on BEE" policy, but it is not an official product of DAOBase. The protocol uses BNB as the core reserve asset and executes through smart contracts, featuring real-time verification of on-chain data, liquidity permission destruction, and mechanism automation, driven by community consensus to promote asset aggregation.According to the project plan, HIVE Protocol has a clear lifecycle, and after completing phase goals, the reserve assets will flow back into the ecosystem. The project positions this experiment as a practice of DAOBase's concept of "not just an aggregation engine for BNB, but also a builder of the BNB ecosystem," and will subsequently be subject to market and community evaluation.

During the quarter ending September 30, 2026, Bitcoin mining company HIVE Digital Technologies produced 1,070 Bitcoins, a 49% increase from 718 Bitcoins in the same period last year. However, affected by the decline in Bitcoin prices, its mining revenue decreased by 7.4% year-on-year to $76 million, while the average Bitcoin price fell from $114,382 to $71,003.As HIVE expands its global mining capacity, its electricity costs rose from $37.9 million to $45.6 million, and due to "weak mining economics," the company recorded a non-cash impairment of $31.2 million on mining machines. During the same period, the company's high-performance computing (HPC) hosting revenue grew by 71% to $8.8 million, accounting for 10.4% of quarterly revenue. HIVE plans to invest up to $493 million to expand its HPC business over the next 36 months, having already invested $145.3 million as of the report date, and plans to spend approximately $35 million to convert its Toronto facility into a Tier-III data center.The financial report shows that HIVE's revenue for the second fiscal quarter was $84.9 million, a year-on-year decrease of 2.7%, which was higher than the market expectation of $79.4 million; GAAP net loss was $78.7 million, or $0.29 per share. HIVE's Nasdaq stock price fell 1.7% to $1.78 after hours on Monday. HIVE's performance further indicates that Bitcoin mining economics are under pressure, with American Bitcoin reporting weakened mining margins last week, and Core Scientific planning to completely exit the mining business by the end of the year.

UPBIT will end trading support for Hive Dollar (HBD) on December 7, 2026, at 15:00. The affected trading pair is HBD/BTC. Users must complete asset withdrawals by January 6, 2027; requests related to this will not be processed after the deadline.

HIVE Digital Technologies, a Bitcoin mining company, announced that its subsidiary BUZZ Alpha Cloud has signed a fixed-rate credit agreement with institutional lenders for approximately $129 million, with an annual interest rate of 9.0% and a term of three years, with a loan-to-value ratio of about 80%.The financing will be used to purchase an AI GPU cluster and related infrastructure, including the NVIDIA GB200 NVL72 system, to fulfill a three-year sovereign AI customer contract signed with Cohere. The CEO of HIVE stated that this financing corresponds to the procurement of 2,303 NVIDIA GB200 GPUs worth approximately $165 million, with the related equity contribution coming from the company's 0% convertible bonds issued earlier this year. The company expects GPU deliveries to take place by the end of the fourth quarter of 2026.

AIsa, an enterprise AI agent infrastructure company, announced the completion of its seed round extension financing, with stablecoin issuer Tether and HIVEN joining as strategic investors. This round brings its total financing amount to over $9 million. Tether and HIVEN join existing investors such as Alibaba, Tribe Capital, Sumitomo Corporation, Draper Associates, and Saison Capital.Jordan Liu, founder and CEO of AIsa, stated that the company will build infrastructure to support global discovery, access, and payment for AI agents. AIsa's network integrates resource discovery, access, and transactions, connecting enterprise AI agents with external data, AI searches, models, APIs, software tools, and industry services, while providing permission management, usage measurement, billing, and settlement.

HIVE Digital Technologies Executive Chairman Frank Holmes stated in an interview with Bitcoin Magazine that governments around the world will continue to print money, potentially reaching 100 trillion dollars, which makes him optimistic about Bitcoin and gold. He pointed out that Bitcoin miners already possess the electricity, land, and substations required for AI, and referred to Bitcoin mining as a "tier one data center."Holmes introduced that HIVE had previously used GPUs for mining Ethereum to enter the AI field, and he believes the next wave of AI factories will be built on mining infrastructure from Paraguay to Canada. He also discussed how ETFs can transform Bitcoin from "fear trading" to "love trading," as well as how players and the younger quantitative trading community are driving Bitcoin adoption.Additionally, he mentioned Binance's 19 billion dollar liquidation and 350 trillion dollars in money supply, 40 trillion dollars printed during the COVID-19 pandemic, global MMT risks, Bitcoin mining in China with 1.4 trillion dollars in loans, central banks purchasing gold, the Central Bank of Paraguay and Bitcoin mining exports, and computing power as a commodity, along with Canada's AI advancements and the electricity advantages of Bitcoin miners.

According to Bitcoin.com, Hive Digital Technologies has filed a complaint with the European Commission regarding the Swedish VAT dispute. The Swedish Tax Agency reclassified the data center services of its two Swedish subsidiaries as self-mining and retroactively applied this classification to relevant operations since 2022.This classification excludes the relevant operations from VAT collection, and the input VAT that the subsidiaries have received may need to be returned. Hive believes that its subsidiaries provide computing power services to specific clients under contract, which should be considered taxable operations. The Swedish court refused to submit the issue to the Court of Justice of the European Union. Hive stated that the court did not provide a reason for the refusal and has submitted the dispute to the European Commission.

According to PR Newswire, digital asset investment firm Hivemind Digital Group has completed a $17 million strategic financing round, led by UK asset management company M&G Investments, with participation from CPIC Investment Management (Hong Kong), ZA Bank, FalconX, Sonic Boom Ventures, and others.This round of financing will be used to advance the construction of asset tokenization infrastructure and explore the application of blockchain technology in traditional financial asset management, issuance, and trading.

According to The Block, Bitcoin mining company HIVE Digital Technologies has signed a five-year GPU cloud service agreement worth approximately $350 million through its subsidiary BUZZ High-Performance Computing, with a client that has not been disclosed as an investment-grade enterprise.The contract is expected to add approximately $70 million in annual revenue for HIVE, bringing BUZZ HPC's total annual revenue to about $180 million.

According to DataCenterDynamics, Bitcoin mining company and data center Hive Digital Technologies announced that it will raise $100 million by issuing zero-coupon convertible senior notes maturing in 2031 to further expand its computing power infrastructure.In addition, the company has signed a non-binding letter of intent (LOI) with a Swedish sovereign technology company that has an investment-grade credit rating, intending to lease approximately 30MW of computing power resources at its data center for a term of up to 10 years.According to the agreement, Hive will deploy approximately 25MW of IT computing capacity and plans to use up to 10,000 Nvidia GB300 GPUs; however, the letter of intent still requires further negotiation and the signing of a final formal agreement.

Stablecoin native payment company Daya has completed a $2.4 million Pre-Seed round of financing, led by Hivemind Capital, with participation from Lattice, Alliance, Globelink, and the Aptos Foundation. Daya was co-founded by Nigerian entrepreneurs Aleph L and Paul Joe, who previously co-founded Helicarrier (an early African crypto exchange and stablecoin remittance platform) and have worked at Circle, Microsoft, and Lyrik Ventures. It is reported that Daya aims to build a financial operating layer for cross-border businesses in Africa, integrating local banks, foreign exchange, crypto withdrawals and deposits, and payment processors through a single dashboard to achieve automated routing of optimal payment paths.

According to monitoring by BitcoinTreasuries.NET, Canadian listed Bitcoin mining company Hive Digital sold 331 BTC in the first quarter of 2026, with a current total holding of 150 BTC.

According to The Block, HIVE Digital, a Bitcoin mining company transforming into an AI infrastructure company, announced plans to build a 320 MW AI infrastructure park in the Toronto area, aiming to create one of Canada's largest sovereign AI "super factories." Following the announcement, HIVE's stock price surged over 35% at the market open on Monday.HIVE stated that the project is being advanced by its high-performance computing subsidiary BUZZ, and once fully completed, it is expected to accommodate over 100,000 GPUs, with a target to begin operations in the second half of 2027. The total investment for the project is estimated to be around CAD 3.5 billion (approximately USD 2.55 billion), which will be used for the construction of large-scale data centers to train and run AI models.In recent years, HIVE has been continuously pushing its business from traditional Bitcoin mining towards AI and high-performance computing infrastructure, having previously expanded its GPU cluster and AI data center operations in Paraguay and Sweden.

According to Bloomberg, Google has launched a new tool for its Gemini AI assistant that allows users to upload chat logs and context from other AI applications, aimed at attracting users of OpenAI's ChatGPT and Anthropic PBC's Claude.Google stated that Gemini has added an import option, allowing both free and paid users to upload compressed files of conversations with other AI providers.

According to Binance spot market data, the market has experienced significant fluctuations. HIVE has dropped 10.8% in the last 24 hours, and SUPER has dropped 14.38%, also showing a "high and then low" state.In addition, ENJ has also shown a "high and then low" state, with a 24-hour drop of 5.12%. MANA has reached a new low today, with a drop of 5.32%. Other tokens such as ENA and ROBO have similarly shown a "high and then low" state, with drops of 13.02% and 5.08%, respectively.

According to Binance spot data, the market has experienced significant fluctuations. FORTH has dropped 23.78% in 24 hours, HIVE has dropped 10.06%, OGN has dropped 12.16%, ONT has dropped 19.93%, SXP has dropped 14.82%, and HOOK has dropped 18.19%.At the same time, OPN has dropped 7.92%, while XAUT has surged 19.59% within 5 minutes.

According to The Block, the publicly listed Bitcoin mining company HIVE Digital Technologies is undergoing a major strategic adjustment due to tax disputes and operational uncertainties. The company plans to gradually reduce its Bitcoin mining operations in Sweden while significantly expanding its artificial intelligence (AI) data center capabilities in Canada.HIVE stated that its ASIC Bitcoin mining operations in Boden, Sweden, are facing challenges such as the "misuse of existing tax rules" by local authorities, including mandatory margin requirements, which have created operational uncertainties. As a result, the company is gradually scaling down this business and reallocating resources to its AI and high-performance computing strategy in Europe, with a potential complete exit from Bitcoin production in Sweden in the future.Meanwhile, HIVE, through its subsidiary BUZZ High Performance Computing, plans to quadruple the capacity of its liquid-cooled AI data center in Canada, increasing from 4 megawatts (MW) in Manitoba to 16.6 MW across two provinces. The new capacity includes a 5 MW hosting facility in British Columbia, which can be expanded to 12.6 MW.

According to Binance spot market data, there has been significant volatility in the market. ESP has increased by 92.59% in the last 24 hours and has shown a rebound after hitting a low.At the same time, HIVE, PUNDIX, and TNSR have all experienced a "pullback" state, with 24-hour declines of 7.22%, 12.52%, and 5.85%, respectively. Additionally, MTL, AI, and ALCX have reached new lows for today, with declines of 11.12%, 5.19%, and 6.15%, respectively. NEAR has also hit a new low for the week, with a decline of 7.76%. Finally, JST has reached a new high for today, with an increase of 5.79%.