HIVE Digital Review | All You Need To Know

Editorial Note: While we adhere to strict Editorial Integrity, this post may contain references to products from our partners. Here's an explanation for How We Make Money. None of the data and information on this webpage constitutes investment advice according to our Disclaimer.

HIVE Digital Technologies Ltd., formerly HIVE Blockchain Technologies Ltd., is a cryptocurrency mining company focused on sustainable blockchain solutions. Founded in 2017, HIVE Digital has become a leader in green-powered crypto mining, operating major facilities in Canada, Sweden, and Iceland. Its use of renewable energy helps the company reduce costs and environmental impact while staying competitive in the mining space.

This article explores how HIVE Digital combines sustainable Bitcoin mining with GPU cloud services, leveraging renewable energy and cold-region efficiency.

HIVE Digital overview

<span translate="no">Hive</span> Digital homepage

Hive Digital homepage

HIVE Digital Technologies Ltd. is a Canadian-based company specializing in cryptocurrency mining and high-performance computing (HPC) services. Established in 1987, HIVE operates data centers in Canada, Sweden, and Iceland, utilizing green energy sources to power its operations.

Type of activity

HIVE Digital runs two main business lines.

Bitcoin mining. The company mines Bitcoin using energy-efficient rigs powered entirely by renewable sources.
GPU cloud computing services. HIVE has expanded into offering high-performance GPU computing, aimed at serving the growing demand from AI and machine learning industries.

Region of operation

HIVE strategically places its facilities in areas with abundant clean energy.

Canada. Facilities in Quebec and British Columbia use low-cost hydroelectric power.
Sweden. Mining sites here also rely on hydroelectric sources.
Iceland. Operations benefit from a mix of geothermal and hydro power.

These regions offer both cost efficiency and environmental sustainability, which align with the company’s long-term mission.

Market capitalization

As of March 2025, HIVE Digital holds a market capitalization of approximately $244.25 million. This valuation reflects the company’s strategic growth and adaptability in a volatile market environment.

Company’s main products

Cryptocurrency mining. HIVE mines Bitcoin using low-cost, renewable energy, helping maintain strong hash rate efficiency.
GPU cloud services. The company leases GPU infrastructure to organizations needing scalable computing for AI, analytics, and blockchain use cases.

HIVE Digital’s founder

HIVE Digital was co-founded by Frank Holmes, who serves as Executive Chairman. Holmes brings a background in finance and investment management, steering the company toward a business model that balances sustainability with profitability.

Frank Holmes

HIVE Digital’s history

2017. HIVE became the first crypto mining firm listed on the TSX Venture Exchange.
2018 to 2019. The company expanded operations to Sweden and Iceland, prioritizing renewable energy.
2021. Shifted toward high-performance Ethereum mining during the DeFi and NFT boom.
2023. Integrated advanced mining hardware and optimization technologies to reduce energy consumption.
2024. Acquired Bitfarms’ 200 MW mining site in Paraguay, targeting a 25 EH/s hash rate capacity by September 2025.

Comparison table
Company	Main Product	Market Capitalization	Region of Operation	Unique Feature
HIVE Digital	Bitcoin Mining	Approximately $244 million	Canada, Sweden, Iceland	Integration of renewable energy sources
Marathon Digital	Bitcoin Mining	Approximately $1.8 billion	United States	Operation of high-output mining facilities
Hut 8 Mining	Bitcoin Mining	Approximately $1.16 billion	Canada	Maintenance of a substantial Bitcoin reserve
Bitfarms	Bitcoin Mining	Approximately $880 million	Canada, United States, Paraguay, Argentina	Utilization of surplus hydroelectric power and natural gas

Interesting facts about HIVE Digital

HIVE Digital was the first blockchain infrastructure company to be publicly listed on a major stock exchange.
The company’s Swedish facility is powered entirely by renewable hydroelectric energy.
HIVE Digital actively supports research into sustainable blockchain technologies and partners with academic institutions.

Where you can buy shares/goods of the HIVE Digital

HIVE Digital’s shares are publicly traded on the Toronto Stock Exchange (TSX) under the ticker symbol “HIVE”. Investors can also purchase shares through various online trading platforms that offer access to TSX-listed stocks.

HIVE stock price

HIVE’s edge is cold-region mining and AI-powered revenue

One thing most beginners never realize about HIVE Digital is how it quietly turned Iceland into a secret weapon. While most miners battle heat and pay sky-high cooling costs, HIVE takes advantage of Iceland’s naturally cold climate and geothermal grid. That means fewer fans, lower energy bills, and longer machine lifespans.

If you’re trying to understand why HIVE survives during tough market cycles, it’s not just the hash rate — it’s the climate arbitrage. This setup gives HIVE a margin edge many overlook.

Here’s another tactic few discuss — HIVE’s pivot into GPU cloud services isn’t just about AI hype. It’s about keeping machines profitable 24/7. Traditional miners earn only when crypto prices cooperate. But GPU workloads? Those generate consistent revenue, regardless of Bitcoin’s price.

By repurposing underused GPU rigs into AI compute nodes, HIVE shields itself from crypto downturns better than most. As a beginner, if you’re researching crypto companies, look at who can still make money when Bitcoin bleeds — that’s where the real durability lies.

Conclusion

HIVE Digital has positioned itself as a pioneer in the cryptocurrency mining industry by prioritizing sustainability and innovation. Its commitment to renewable energy and efficient operations ensures it remains relevant in a rapidly changing market. For both investors and blockchain enthusiasts, HIVE Digital exemplifies the potential for profitability without compromising environmental responsibility.

FAQs

What makes HIVE Digital different from other miners?

HIVE operates in cold-climate regions and integrates GPU cloud services, giving it a cost and revenue advantage over traditional miners.

Is HIVE Digital involved in AI computing?

Yes. HIVE leases high-performance GPU infrastructure to AI and data firms, adding a steady income stream beyond crypto mining.

How does HIVE maintain efficiency in mining operations?

By using renewable energy and placing facilities in cool regions, HIVE reduces energy use and extends hardware life.

What are HIVE’s future growth plans?

The company is expanding its capacity in Paraguay and aims to reach 25 EH/s by September 2025, with a stronger push into AI computing.

Team that worked on the article

Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.

Also, Oleg became a member of the National Union of Journalists of Ukraine (membership card No. 4575, international certificate UKR4494).

Learn about our editorial policies

Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.

As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.

Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).

Cryptocurrency

Cryptocurrency is a type of digital or virtual currency that relies on cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies operate on decentralized networks, typically based on blockchain technology.

Risk Management

Risk management is a risk management model that involves controlling potential losses while maximizing profits. The main risk management tools are stop loss, take profit, calculation of position volume taking into account leverage and pip value.

Ethereum

Ethereum is a decentralized blockchain platform and cryptocurrency that was proposed by Vitalik Buterin in late 2013 and development began in early 2014. It was designed as a versatile platform for creating decentralized applications (DApps) and smart contracts.

Bitcoin

Bitcoin is a decentralized digital cryptocurrency that was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers.

Leverage

Forex leverage is a tool enabling traders to control larger positions with a relatively small amount of capital, amplifying potential profits and losses based on the chosen leverage ratio.