Group 1 - The 2026 Harvard Presidents' Seminar featured notable speakers, including Ambassador Kevin Rudd, former Prime Minister of Australia, highlighting the event's significance in bringing together top executives and thought leaders [1] Group 2 - Frank Holmes is the CEO and Chief Investment Officer of U.S. Global Investors, which manages over $4 billion in assets, indicating the company's substantial presence in the investment sector [2] - Holmes is recognized for his expertise in gold and precious metals, as well as for launching unique investment products, showcasing his innovative approach in the investment landscape [2] - Additionally, Holmes serves as the executive chairman of HIVE Blockchain Technologies, the first publicly traded cryptocurrency mining company, reflecting the growing intersection of traditional finance and cryptocurrency [2]

Core Insights - Hive Digital Technologies reported significant year-over-year growth in Bitcoin production for January 2026, producing a total of 297 Bitcoin, which is a 191% increase compared to the same period last year [1] - The company's average daily production was approximately 9.6 Bitcoin per day, with an average hashrate of 22.2 exahash per second (EH/s), peaking at 23.7 EH/s, marking a 290% year-over-year increase [1] - The performance improvements are attributed to ongoing infrastructure investments, disciplined fleet upgrades, and a geographically diversified operating model [1] Production and Efficiency - The addition of 2,667 new Bitmain S21 XP ASIC miners is expected to enhance operational efficiency and overall performance [1] - These new miners are being installed at the Yguazú facility in Paraguay, replacing older Buzzminer ASICs [1] - Once fully installed, the new miners are projected to increase the company's installed global hashrate to approximately 25.5 EH/s and improve global average fleet efficiency to about 17 joules per terahash (J/TH) [1] Strategic Positioning - The upgrades position Hive to continue delivering competitive production results while focusing on efficient, scalable, and sustainable digital asset infrastructure [1]

Core Insights - HIVE Digital Technologies reported strong performance in January 2026, with a significant increase in Bitcoin production and hashrate growth [1][2] Group 1: Production and Performance - The company produced 297 Bitcoin in January 2026, a 191% increase from 102 Bitcoin in January 2025 [1] - Average daily production reached 9.6 BTC despite a 30% year-over-year increase in global Bitcoin mining difficulty [1] - HIVE's average hashrate for January was 22.2 EH/s, peaking at 23.7 EH/s, representing a 290% increase from 5.7 EH/s a year earlier [2] Group 2: Operational Efficiency - Fleet efficiency averaged 17.5 J/TH, with production of 13.4 Bitcoin per EH/s [2] - The company maintained over 2% of the global Bitcoin network hashrate during January [2] - HIVE's geographically diversified operating model across three continents helped sustain performance during severe cold weather [3] Group 3: Financial Performance - HIVE realized approximately $7.4 million in value through cashless exercises tied to 480 Bitcoin, with an average value of about $102,000 per coin [3] - The company expects its global hashrate to rise to 25.5 EH/s following the installation of new mining equipment [5] Group 4: Renewable Energy and Future Plans - HIVE currently operates 440 MW of renewable-powered energy capacity, with an additional 100 MW scheduled for deployment in Q3 2026 [6] - The added capacity may support Bitcoin mining expansion and potential future AI and HPC computing workloads [6] Group 5: Leadership Perspective - The executive chairman emphasized the company's strength comes from its people and disciplined execution [7]

Group 1 - HIVE mined 297 Bitcoin in January, a 191% increase compared to the same month last year [1] - The company's hashrate peaked at 23.7 EH/s and averaged 22.2 EH/s, representing a 290% year-over-year increase [1] - Fleet efficiency improved to 17.5 J/TH [1] Group 2 - HIVE's operations in North America remained stable during Winter Storm Fern, which temporarily affected about 8% of Bitcoin's hashrate [2] - The company realized approximately $7.4 million from the cashless exercise of 480 Bitcoin options at an average value of $102,000 per coin [3] - Funds from the options exercise were allocated to purchase 2,667 Bitmain S21 XP miners for the Yguazú facility in Paraguay [3] Group 3 - The deployment of new miners is expected to increase HIVE's installed hashrate to 25.5 EH/s and improve fleet efficiency to 17 J/TH [3] - HIVE currently operates 440 MW of power and has contracted an additional 100 MW for deployment in Q3 2026, targeting a total of 540 MW [4]

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company operates with a team of experienced and qualified news journalists across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the team includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain quality and best practices in content production [5]

Core Viewpoint - HIVE Digital Technologies Ltd. reported significant growth in Bitcoin production and operational efficiency, driven by a decentralized and renewable-powered infrastructure, positioning itself as a leader in the blockchain and AI sectors [2][11]. Production Highlights - In January 2026, HIVE produced 297 BTC, representing a 191% increase year-over-year from 102 BTC in January 2025, despite a 30% increase in Bitcoin mining difficulty [14]. - The company achieved a hashrate of 22.2 EH/s, with a peak of 23.7 EH/s, marking a 290% year-over-year growth from 5.7 EH/s in January 2025 [14]. - Average daily production was 9.6 BTC, with fleet efficiency recorded at 17.5 J/TH [14]. Operational Resilience - HIVE's geographically diversified operations across nine time zones and three continents allowed it to maintain steady performance during severe cold fronts in January, while other mining networks faced curtailments [4][5]. - The company has a total operational capacity of 440 MW of renewable energy, with an additional 100 MW scheduled for deployment in Q3 2026, bringing the total to 540 MW [10]. Strategic Execution - HIVE realized approximately $7.4 million through cashless exercises of 480 BTC tied to its 2025 Bitcoin pledge, preserving treasury flexibility and extending redemption timelines [7]. - The company has no cash calls required for Bitcoin buybacks under the pledge, providing downside protection while allowing for potential upside through cashless exercises [8]. Infrastructure Upgrades - HIVE is installing 2,667 new Bitmain S21 XP ASIC miners in Paraguay, which is expected to increase its global hashrate to 25.5 EH/s and improve fleet efficiency to 17 J/TH, enhancing operational efficiency and lowering costs [9]. Management Commentary - Management emphasized the importance of disciplined execution and a decentralized team, which has enabled HIVE to scale efficiently and remain profitable through various market cycles [11].

Core Insights - HIVE Digital Technologies Ltd. reported exceptional Bitcoin production results for January 2026, with a 290% year-over-year growth in hashrate and consistent performance across its data centers [1][8]. Production Highlights - Bitcoin produced in January 2026 was 297 BTC, representing a 191% increase year-over-year from 102 BTC in January 2025, despite a 30% increase in Bitcoin mining difficulty [8]. - The average daily production was 9.6 BTC, with an average hashrate of 22.2 Exahash per Second (EH/s), peaking at 23.7 EH/s, marking a 290% year-over-year increase from 5.7 EH/s in January 2025 [8]. - Fleet efficiency was recorded at 17.5 Joules per Terahash (J/TH), with a global Bitcoin network share sustained above 2% of the worldwide hashrate [8]. Operational Resilience - HIVE's geographically diversified operations allowed it to maintain steady performance during severe cold fronts in January, while other parts of the global mining network faced curtailments [3][4]. - The company has a total operational capacity of 440 megawatts (MW) of renewable-powered energy, with an additional 100 MW scheduled for deployment in Q3 2026, bringing the total to 540 MW [10]. Strategic Execution - HIVE realized approximately $7.4 million through cashless exercises of 480 BTC tied to its 2025 Bitcoin pledge, preserving treasury flexibility and extending remaining pledge redemption timelines [6][7]. - The company has applied certain proceeds from cashless exercises towards the purchase of 2,667 Bitmain S21 XP ASIC miners, which are expected to enhance operational efficiency and lower costs [9]. Management Commentary - Management emphasized the strength of their disciplined execution and operational performance, which reflects years of investment in renewable energy and high-efficiency hardware [11]. - The company aims to expand further into AI and high-performance computing infrastructure, leveraging its operational success as a foundation for growth [11]. Company Overview - Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy, operating next-generation data centers across Canada, Sweden, and Paraguay [12]. - The company focuses on scalable, environmentally responsible solutions for the digital economy, driven by Bitcoin mining and GPU-accelerated AI computing [12].

Core Viewpoint - HIVE Digital Technologies Ltd. has filed its notice of meeting and related documents for its upcoming annual general and special meeting of shareholders scheduled for March 5, 2026 [1][2]. Meeting Details - The meeting will take place in person at 11:00 a.m. (Pacific Time) on March 5, 2026, at 1095 West Pender Street, Vancouver, BC [3]. - Shareholders will vote on several resolutions, including the election of directors, appointment of auditors, and amendments to incentive stock option and restricted share unit plans [3][8]. Voting Information - The proxy voting deadline is set for March 3, 2026, at 11:00 a.m. (Pacific Time) [4]. - Shareholders of record as of January 16, 2026, are eligible to vote [5]. - Voting methods include online, by telephone, or other methods specified in the proxy materials [4][9]. Company Overview - HIVE Digital Technologies Ltd. was founded in 2017 and is the first publicly listed company to mine digital assets using green energy [10]. - The company operates next-generation data centers across Canada, Sweden, and Paraguay, focusing on Bitcoin mining and high-performance computing [10].

Core Viewpoint - HIVE Digital Technologies demonstrated strong operational performance in 2025, with significant increases in Bitcoin production, despite a cautious outlook from some Wall Street analysts who downgraded the stock's price target significantly [1][2]. Production Performance - HIVE mined 306 Bitcoin in December 2025, a 197% increase from 103 BTC in December 2024, despite a 40% rise in Bitcoin mining difficulty year-over-year [4]. - For the entire year of 2025, HIVE produced 2,311 BTC, marking a 31% increase from 1,770 BTC in 2024, even with the Bitcoin halving and a 46% increase in average annual network difficulty [5]. Mining Operations - HIVE maintained over 2% of the global Bitcoin network's mining capacity through the end of 2025, highlighting the scale of its operations and geographic diversification [3]. - The company averaged 9.9 BTC mined per day in December 2025, supported by an average hashrate of 23.3 exahash per second (EH/s), with peak levels reaching 24 EH/s [4]. Future Plans - HIVE plans to expand its renewable energy capacity by adding 100 megawatts of hydroelectric-powered data center capacity at its Yguazú campus in Paraguay, targeting full commissioning in Q3 2026 [6]. - Upon completion, HIVE expects its total renewable capacity to reach approximately 540 MW across Paraguay, Canada, and Sweden [6]. Analyst Sentiment - Analyst ratings on HIVE are mixed, with some firms issuing sell ratings while others maintain buy ratings, resulting in a consensus rating of "Moderate Buy" [7].

Industry Overview - KBW has adopted a cautious stance on the crypto mining sector, downgrading Bitfarms, Bitdeer, and HIVE Digital from outperform to market perform, citing execution risks and long lead times in monetizing the industry's shift towards high-performance computing (HPC) and AI hosting [1] - Bitcoin miners are rebranding as digital infrastructure providers to adapt to a record-low margin environment post-2024 halving, aiming to convert existing facilities into AI-ready data centers for stable enterprise contracts [2] Bitfarms - Bitfarms has been downgraded to market perform, with a price target raised to $3.00 from $2.50, but no formal leasing agreement expected until the second half of 2026, raising concerns over rising leverage [4][5] - The market has already priced in the potential of Bitfarms' 120-megawatt site in Sharon, Pennsylvania, despite CEO Ben Gagnon's solid vision [4] Bitdeer - Bitdeer's downgrade included a significant price target cut to $14 from $26.50, with acknowledgment of its potential to become a leading public miner by 2026 through Sealminer technology, but increasing focus on AI cloud adds uncertainty [6] - Key concerns include the company's small scale, concentrated shareholder control, and related-party exposure [6] HIVE Digital - HIVE Digital's price target has been slashed to $3.50 from $11.00, with skepticism regarding the durability of its AI cloud strategy, as reliance on partner channels and equipment financing positions it poorly against pure-play data center competitors [8]