HIVE Digital (HIVE) Reports Strong Mining Growth and Expands Into AI Cloud

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is one of the champion AI penny stocks to bargain close now. On February 5, HIVE Digital Technologies Ltd. (NASDAQ:HIVE) released operational results for January 2026 successful which it reported a 290% twelvemonth implicit twelvemonth summation successful hashrate. The hashrate averaged 22.2 exahash per 2nd (EH/s) and peaked astatine 23.7 EH/s, up from 5.7 EH/s a twelvemonth earlier.

During the aforesaid period, HIVE produced 297 Bitcoin, a 191% summation compared to January 2025. This happened adjacent arsenic planetary Bitcoin mining trouble roseate astir 30% twelvemonth implicit year, noted management. Management added that the company’s mean regular Bitcoin accumulation this January was 9.6 BTC per day, and its fleet maintained much than 2% of the planetary Bitcoin web hashrate passim the month.

HIVE reported that its fleet ratio averaged 17.5 joules per terahash (J/TH) and that its rigs produced astir 13.4 BTC per EH/s of hashrate. Management attributed this robust operational show to the company’s geographically diversified mining infrastructure. The infrastructure spans aggregate continents and clip zones, which helps support uptime and accumulation consistency.

On January 26, Keefe Bruyette downgraded Hive Digital to Market Perform from Outperform and chopped its terms people to $3.50 from $11.

In a antithetic update, connected January 13, HIVE expanded into Paraguay. The institution executed the enlargement done a strategical associated task with Paraguay’s starring telecommunications relation to motorboat a caller AI unreality platform.

As portion of the expansion, said HIVE, the concern volition motorboat a purpose-built artificial quality “BUZZ Cloud” level successful Asunción, Paraguay’s capital. This volition supply high-performance computing and AI infrastructure to enactment AI training, inference, and data-intensive workloads.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is simply a blockchain and integer infrastructure institution that integrates artificial quality into its GPU-based computing operations. The steadfast builds and operates next-generation information centers powered by cleanable vigor crossed Canada, Sweden, and Paraguay. These enactment some AI workloads and Bitcoin mining.

While we admit the imaginable of HIVE arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.