HIVE Digital Technologies debuted at the Colombian Stock Exchange with the ticker HIVECO. It is the first Bitcoin- and AI-based infrastructure company that has traded publicly in Latin America. This move is another indication of how the industry has expanded as Bitcoin mining companies and high-performance computer (HPC), push further into global capital markets.
The listing, announced on Thursday, makes HIVE accessible to investors throughout the Andean Market System, which connects the exchanges in Colombia, Peru, and Chile.
The addition of digital infrastructure companies to the region, which has traditionally been dominated by natural resources and energy issuers offers exposure in a sector at the crossroads of technology. high-performance computingBitcoin, Bitcoin power (BTC).
Colombia’s stock exchange is the Andean market’s best-connected platform, giving HIVE access a wider, more integrative investor base.
HIVE’s shares are traded across North America and Europe on the TSX Venture Exchange and Nasdaq.
HIVE’s Nasdaq shares fell more than 1% Thursday. However, they are still up on the year.
Related: Bitcoin miners gambled on AI last year, and it paid off
HIVE expands its Latin American presence as Bitcoin mining costs tighten.
HIVE has a presence in Latin America. It built Tier I data centres in Paraguay that are powered by 100% hydroelectricity. The company began expanding its presence there in late 2024 and completed the acquisition of its Yguazú site in March of this year, as previously reported by Cointelegraph.
HIVE, one of the early Bitcoin miner companies that shifted to AI and High-Performance Computing as mining costs tightened up and GPU infrastructure demand surged.
You can also find out more about Other major public minersCore Scientific, Hut8, Riot Platforms TeraWulf, and Marathon Holdings are also expanding into AI and HPC workloads to varying degrees.
The Bitcoin mining industry is currently operating under one of the toughest conditions it has ever seen. Current miner margins are described as abysmal by industry research. historically compressedWith revenue of “structural lows” Despite a decline in the price of hash and increasing operating costs,
The pressure is high stems from the 2024 Bitcoin halvingThe block reward was reduced to 3,125 BTC, effectively halving mining revenues. The increased electricity prices and equipment costs have made it more difficult for miners to diversify into AI or HPC.
Related: Thirteen years after the first halving, Bitcoin mining looks very different in 2025
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Source: cointelegraph.com
