Hive Digital gains on record crypto mining, AI data center growth
Hive Digital shares rose up to 7% in premarket trading Monday after reporting record Bitcoin production of 289 BTC in October, a 147% year-on-year increase. The company completed its Phase 3 Valenzuela expansion in Paraguay, boosting capacity to 24 EH/s. Hive said its strong mining output supports ongoing expansion into AI and HPC data centers across Canada.