Hive Digital Technologies Ltd. (HIVE): Record Revenue, Global Listings, and Analyst Buy Ratings Drive Momentum

HIVE Digital Technologies Ltd (NASDAQ:HIVE) is one of the best multibagger penny stocks to buy right now. On December 11, HIVE Digital Technologies Ltd (NASDAQ:HIVE) listed on the Colombian Stock Exchange, marking the first Bitcoin and AI infrastructure company to do so. The firm posted record quarterly revenue of $87.3 million, up 285% year‑over‑year, and is expanding its Paraguay operations with 25+ Exahash mining capacity, plans for 36,000 GPUs, and 400 MW of renewable energy. Already listed in Canada, Germany, and the U.S., the move broadens its global presence.

On December 10, the company announced record Bitcoin production of 290 in November, representing a 182% year-over-year increase. The record production came from the company, achieving an average daily output of 9.7 Bitcoin at an average hashrate of 23.5 Exahash per second. Fleet efficiency stood at 17.5 joules per Terahash. The record production also came on the heels of the company’s commissioning of its final ASICs at the Valenzuela campus in Paraguay. Its total capacity in Paraguay has risen to 300 megawatts.

On November 21, B. Riley’s Nick Giles cut Hive Digital’s (HIVE) price target to $7 from $8 but kept a Buy rating, citing strong Q3 EBITDA from lower power costs, progress in BTC mining and AI cloud build‑out, and attractive HPC asset valuations with catalysts ahead in GPU deployment and colocation.

Hive Digital Technologies Ltd. (NASDAQ:HIVE) builds and operates green data centers for Bitcoin mining and High-Performance Computing (HPC) / AI cloud services, using clean energy like hydroelectric power to provide scalable, environmentally responsible digital infrastructure for both cryptocurrency and artificial intelligence workloads.

While we acknowledge the potential of HIVE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.