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Bitcoin News Update: Hive Invests $300M in ATM to Boost AI Efforts While Stock Drops Amid Doubts

Bitcoin News Update: Hive Invests $300M in ATM to Boost AI Efforts While Stock Drops Amid Doubts

Bitget-RWA2025/11/26 18:52
By:Bitget-RWA

- Hive Digital Technologies launched a $300M ATM equity program to fund its "dual-engine" strategy of Bitcoin mining and AI infrastructure expansion. - The program enables flexible capital raising through 11 underwriters, supporting a renewable-powered data center in Canada and recent 285% revenue growth. - Despite strong financial performance, shares fell to $3.10, reflecting market skepticism about execution risks and competitive pressures in AI infrastructure. - Analysts highlight Hive's 90% renewable e

Bitcoin mining company

has launched a $300 million at-the-market (ATM) equity offering, giving it the ability to raise funds as needed after a record-breaking quarter that featured strong revenue gains and a strategic push into AI infrastructure. Announced on November 25, 2025, the initiative via a group of underwriters—Keefe, Bruyette & Woods, Stifel, and Cantor Fitzgerald—at current market rates on both the TSX Venture Exchange and Nasdaq. is not required to use the entire amount, and once $300 million in gross proceeds have been raised or sooner if the company chooses.

This move highlights Hive's "dual-engine" approach, using

mining profits to invest in high-performance computing (HPC) infrastructure. The company recently in New Brunswick, Canada, where it plans to develop a renewable energy-powered data center that can accommodate more than 25,000 GPUs. This strategy mirrors a broader industry shift as mining firms branch out into AI-related operations, a trend evident in Hive's latest financial results. 285% year-over-year to $87.3 million, and Bitcoin output rose 77% from the previous quarter to 717 BTC. Despite these positive results, Hive's stock has dropped to about $3.10, down from a three-year peak of $6.60 reached in early October.

The ATM offering gives Hive a flexible way to access additional capital without committing to a set price or timing, differing from conventional public offerings. Shares can be sold through "at-the-market distributions" under Canadian securities laws and Rule 415 of the U.S. Securities Act, which ensures compliance while preserving operational flexibility

. The agreement involves 11 underwriters, with agents such as B. Riley Securities and Northland Securities also taking part in the share distribution .

Bitcoin News Update: Hive Invests $300M in ATM to Boost AI Efforts While Stock Drops Amid Doubts image 0

Industry analysts see the program as a strategic lever to advance Hive's infrastructure goals. The company's BUZZ HPC segment is becoming increasingly important to its growth story, reflecting a wider industry transformation as mining companies shift from speculative ventures to critical infrastructure providers for AI and cloud services

. Still, the recent decline in Hive's share price points to investor concerns about execution risks and competition in the large-scale computing market.

Profit margins from Bitcoin mining and energy expenses are crucial factors in Hive's dual-engine strategy, and the company is keeping a close eye on both operational performance and Bitcoin price swings. Leadership has indicated that the data center's energy mix—90% from renewable sources—will give Hive an edge in both cost efficiency and ESG standards.

how quickly GPUs are deployed and how BUZZ HPC contracts perform to assess the long-term prospects of Hive's expansion plans.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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