10 Best Crypto Penny Stocks to Buy Now

6. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Stock Price: $3.73

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is a multinational digital infrastructure company that started in cryptocurrency mining and has expanded into energy-efficient, AI-ready datacenter operations. Headquartered in Vancouver, HIVE operates major facilities in Canada, Sweden, and Paraguay, largely powered by renewable energy.

Recently, HIVE reported a 22% month-over-month increase in Bitcoin production, mining 247 BTC in August compared to 203 BTC in July. Its average hashrate reached 16.3 EH/s, peaking at 18.1 EH/s as the Phase 2 Yguazú expansion in Paraguay came online, producing over 8.5 BTC daily. The nearly completed Phase 3 expansion is expected to boost global capacity to 25 EH/s by Thanksgiving, targeting 12 BTC daily, around 3% of the global Bitcoin mining network.

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is also advancing its AI and enterprise datacenter strategy. Through its BUZZ HPC subsidiary, the company acquired a 7.2 MW Toronto data center for CAD$17.25 million, upgrading it to Tier 3 standards to support AI, machine learning, and cloud enterprise clients. This complements its partnership with Bell Canada, integrating advanced GPU infrastructure and energy-efficient high-performance computing for AI workloads.

These operational and strategic developments have driven strong investor sentiment, with HIVE Digital Technologies Ltd. (NASDAQ:HIVE) stock up 8% in September, reinforcing its position as one of the best penny stocks to watch in the crypto and AI infrastructure space.