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HIVE Digital Technologies Ltd. (HIVE) Surges 8% as Bitcoin Production Hits 247 BTC

In this article, we will be taking a look at the 13 Best Manufacturing Stocks to Buy Right Now. HIVE Digital Technologies Ltd. is one of them.

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.

While we acknowledge the risk and potential of HIVE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HIVE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy NOW 

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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