Is HIVE Digital Technologies Ltd (HIVE) One of the Best Cryptocurrency and Blockchain Stocks to Buy Now?

HIVE Digital Technologies Ltd (NASDAQ:HIVE) is one of the best cryptocurrency and blockchain stocks to buy now. On January 13, HIVE Digital Technologies Ltd (NASDAQ:HIVE) confirmed its expansion into Paraguay. The move follows the formation of a joint venture with the country’s telecommunication operator to launch an artificial intelligence cloud platform.

The US-based digital infrastructure company is to deploy its BUZZ AI Cloud platform within a Tier III data center operated by Paraguay’s telecommunications provider. The platform aims to provide high-performance computing and AI infrastructure to academic and research institutions, as well as financial services and healthcare providers.

The platform, poised to go live in the first quarter, will leverage the country’s renewable hydroelectric power and national fiber network.

“This progression is consistent with patterns we have observed in Texas, including around San Antonio, where infrastructure development began with Tier I data centers and later expanded into capital-intensive Tier III facilities capable of hosting advanced AI workloads,” said Frank Holmes, Executive Chairman of HIVE.

Meanwhile, Hive Digital Technologies produced 290 Bitcoin in November, representing a 182% year-over-year increase. The increase came after the company achieved an average hashrate of 23.5 EH/s.

HIVE Digital Technologies Ltd (NASDAQ:HIVE) builds and operates sustainable data centers for both Bitcoin mining and High-Performance Computing (HPC) for AI, using green energy sources such as hydro and geothermal power to provide scalable, environmentally conscious digital infrastructure for cryptocurrencies and AI 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.