Latest news with #HPC
Yahoo
3 days ago
- Business
- Yahoo
Core Scientific Stock Rockets on CoreWeave Deal Talks. Should You Buy CORZ Here?
Shares of Core Scientific (CORZ), a major player in Bitcoin (BTCUSD) mining and a provider of digital infrastructure for high-performance computing (HPC), surged more than 33% on June 26, following The Wall Street Journal's report of potential acquisition talks with AI hyperscaler CoreWeave (CRWV). The spike pushed Core Scientific's market valuation to nearly $4.9 billion. That's a staggering leap from CoreWeave's rejected bid last year, which valued Core Scientific at just $1 billion. While Core Scientific stock gained significantly, it could only be the beginning. If CoreWeave moves forward with acquiring Core Scientific, it will offer substantial strategic and financial benefits to CoreWeave. Thus, the deal could come at a hefty premium, potentially giving CORZ even more upside. Dear Nvidia Stock Fans, Watch This Event Today Closely A $2 Billion Reason to Sell Super Micro Computer Stock Now 3 ETFs Offering Juicy Dividend Yields of 15% or Higher Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Earlier this year, Core Scientific expanded its partnership with CoreWeave, signing a $1.2 billion agreement for additional contracted revenue. The deal positions Core Scientific as a go-to provider of specialized data centers for demanding HPC tasks. With this latest agreement, CoreWeave now has about 590 megawatts of HPC infrastructure capacity contracted with Core Scientific across six sites. This expanded footprint reflects CoreWeave's growing need for high-density computing environments. The numbers behind the partnership are eye-catching. Over the 12-year term of the contract, Core Scientific expects to generate a total of $10.2 billion in revenue from CoreWeave. That long-term revenue stream reflects the scale and strategic importance of the relationship between the two companies. For CoreWeave, acquiring Core Scientific makes financial sense. The company is on track to pay billions in lease fees to use Core Scientific's data centers over the next decade and will not gain ownership of the infrastructure. A takeover would allow CoreWeave to convert those lease expenses into owned assets, potentially saving money and securing long-term control over critical HPC capacity. The market took very different views of the two companies. While Core Scientific's stock enjoyed investor enthusiasm, shares of CoreWeave edged slightly lower on June 26, ending the day down about 1%. The muted response to CoreWeave may seem surprising, given the company's impressive fundamentals. With a significant $25.9 billion backlog and booming demand for its artificial intelligence (AI) infrastructure services, CoreWeave's business outlook appears promising. The company is rapidly expanding its platform capabilities, positioning itself as a key player in the AI infrastructure space. However, CoreWeave remains unprofitable, reporting a net loss of $314.6 million in the first quarter, which is significantly higher than the $129.2 million loss from the same period a year earlier. Adding to the concerns is the company's hefty debt load, which stood at about $8.7 billion as of March 31. While CoreWeave's approach of aligning infrastructure investment with customer demand, using self-amortizing structures that gradually reduce leverage, helps mitigate some risk, the large scale of the debt remains a concern. The market's muted response to the rumored deal with Core Scientific may be rooted in these financial concerns. While the agreement could help CoreWeave expand capacity and reduce leasing costs, it might also strain its balance sheet further. Notably, CoreWeave stock has appreciated over 300% from its initial public offering (IPO) price of $40. Moreover, analysts have a 'Moderate Buy' consensus rating on CoreWeave stock. Core Scientific, which focuses on contracting its digital infrastructure for third-party HPC operations, has a 'Strong Buy' consensus rating from Wall Street analysts. Moreover, the highest price target for CORZ stock is $24, implying 50% upside potential. With surging AI demand, expanding strategic partnerships, and the possibility of a high-stakes acquisition, Core Scientific stock could rise even further. Still, traders should remain vigilant for potential risks. The rumored acquisition deal isn't guaranteed to go through. If it falls apart, it could spark a sharp pullback in CORZ shares. On the date of publication, Amit Singh did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
3 days ago
- Business
- Yahoo
Immersion Cooling Market is expected to generate a revenue of USD 1.48 Billion by 2031, Globally, at 22.50% CAGR: Verified Market Research®
LEWES, Del., June 27, 2025 /PRNewswire/ -- The Immersion Cooling Market presents significant growth potential, particularly in North America, where technological maturity and sustainability mandates drive early adoption. Market drivers such as rising energy efficiency demands, high-performance computing workloads, and regulatory push toward green infrastructure create strong entry points for innovators and solution providers. However, high initial costs and limited standardization require a strategic focus on partnerships, pilot projects, and education. New entrants should target niche HPC and AI segments, while established players can scale through regional customization, ecosystem development, and ESG-aligned offerings to capture market share and build long-term client trust. The Global Immersion Cooling Market Size is projected to grow at a CAGR of 22.50% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 0.29 Billion in 2024 and is expected to reach USD 1.48 Billion by the end of the forecast period. The Immersion Cooling Market is witnessing rapid growth due to its potential to significantly reduce energy consumption and improve thermal performance, especially across hyperscale data centers, edge computing sites, and blockchain environments. Key Highlights of the Report: Market Size & Forecast: In-depth analysis of current value and future projections Segment Analysis: Detailed study across Product, Application, and Cooling Liquid. Regional Insights: Comprehensive coverage of North America, Europe, Asia-Pacific, and more Competitive Landscape: Profiles of top players and their strategic initiatives Rising Data Center Workloads: Driving demand for efficient and scalable cooling solutions. Superior Heat Dissipation: Offers better performance than traditional air or liquid cooling systems. Sustainability Goals: Enables organizations to meet green energy compliance benchmarks. Technological Innovations: Adoption of two-phase cooling and dielectric fluids enhances market growth. Challenges and Risk Assessment: Evaluates ethical debates, off-target effects, and regulatory complexities. Why This Report Matters: This report offers critical insights into emerging technologies, growth projections, and key player strategies in the immersion cooling industry. It decodes how market dynamics are shifting due to sustainability mandates, operational cost reductions, and increasing compute densities—offering a comprehensive view of future growth opportunities and competitive benchmarks. Who You Should Read This Report: Data Center Operators & CTOs – For adopting cutting-edge cooling technologies Energy & Sustainability Officers – To align with ESG and power efficiency targets Investors & Strategic Planners – To identify high-potential companies and growth pockets Technology Solution Providers – To understand innovation trends and customer needs B2B Buyers & Procurement Teams – For informed, future-proof cooling system investments For more information or to purchase the report, please contact us at: Browse in-depth TOC on 'Global Immersion Cooling Market Size' 202 – Pages126 – Tables37 – Figures Report Scope REPORT ATTRIBUTES DETAILS Study Period 2021-2031 Growth Rate CAGR of ~22.50% from 2024 to 2031 Base Year for Valuation 2024 Historical Period 2021-2023 Quantitative Units Value in USD Million Forecast Period 2024-2031 Report Coverage Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis Segments Covered Product Application Cooling Liquid Regions Covered North America Europe Asia Pacific Latin America Middle East & Africa Key Players LiquidStack, Fujitsu, Green Revolution Cooling, Submer, Asperitas, Midas Green Technologies, Iceotope Technologies, LiquidCool Solutions, DUG Technology, DCX. Customization Report customization along with purchase available upon request Global Immersion Cooling Market Overview Market Driver Surge in Energy-Efficient and Sustainable Data Center Demands: The exponential growth in data volume, IoT devices, AI workloads, and digital services has led to skyrocketing energy consumption across data centers worldwide. Traditional air cooling systems are struggling to keep up with these thermal loads while maintaining sustainability targets. Immersion cooling addresses this challenge head-on by offering up to 95% reduction in cooling energy requirements compared to conventional methods. It drastically improves Power Usage Effectiveness (PUE), lowers carbon footprint, and supports green IT initiatives. Major cloud service providers and colocation firms are accelerating investments in immersion systems to meet both performance needs and ESG commitments, making this a pivotal growth driver. High-Performance Computing (HPC) & AI Driving Thermal Management Innovation: Industries such as oil & gas, healthcare, fintech, and aerospace are deploying AI, machine learning, and simulation workloads that demand intense computing power and generate significant heat. These workloads often overwhelm traditional cooling methods, leading to throttled performance and increased hardware failure risks. Immersion cooling enables efficient thermal management for GPUs, ASICs, and CPUs operating at extremely high densities. It eliminates airflow dependency, supports overclocking, and ensures optimal system performance without thermal throttling. This capability is increasingly being seen as a competitive edge in sectors where compute speed directly impacts time-to-market and operational efficiency. Regulatory Pressures & Government Incentives Fueling Adoption: Globally, governments and regulatory bodies are issuing mandates to reduce energy waste and greenhouse gas emissions in IT infrastructure. For example, Europe's Climate Neutral Data Centre Pact and U.S. federal energy efficiency programs are pushing enterprises toward low-emission, energy-optimized infrastructure. Immersion cooling is emerging as a go-to technology due to its ability to cut cooling energy consumption by over 90%, extend equipment life, and support heat reuse. In some regions, regulatory incentives and grants are even being offered for implementing green cooling systems. As sustainability becomes a compliance issue—not just a strategic choice—immersion cooling adoption is set to accelerate. To Purchase a Comprehensive Report Analysis: Market Restraint High Initial Investment and Infrastructure Overhaul Costs: Despite its energy-saving benefits, immersion cooling requires significant upfront capital outlay. Deployment involves purchasing immersion tanks, high-grade dielectric fluids, and custom hardware modifications. Additionally, for brownfield installations, existing facilities must be retrofitted, which often involves shutting down equipment, modifying layouts, and investing in new power distribution and monitoring systems. These high entry costs, combined with long ROI periods, deter adoption among small and mid-size enterprises that may lack capital or risk tolerance. For many, traditional or hybrid cooling remains a more financially viable choice, stalling widespread market penetration. Absence of Uniform Standards and Limited Ecosystem Support: The immersion cooling market lacks standardized frameworks for hardware compatibility, fluid composition, system integration, and long-term performance validation. As a result, interoperability across vendors is limited, and system designs remain proprietary, making scalability complex and vendor lock-in a real concern. Additionally, the global ecosystem of OEMs, system integrators, and maintenance service providers for immersion cooling is still nascent. This creates uncertainty for data center operators who seek mature, well-supported solutions with proven deployment models. Until industry-wide standards and broader ecosystem support are in place, large-scale enterprise adoption will face resistance. Concerns Around Hardware Compatibility and Reliability of Dielectric Fluids: One of the most pressing technical concerns surrounding immersion cooling is the lack of hardware standardization for submersion. Many commercially available servers, motherboards, and components are not specifically designed to operate submerged in dielectric fluids. Prolonged exposure raises concerns about material degradation, fluid absorption, and seal failures, especially in two-phase systems where fluid boiling and condensation cycles occur. Furthermore, while dielectric fluids are engineered to be non-conductive and thermally stable, questions about fluid lifespan, degradation over time, and safe disposal remain unresolved. These uncertainties raise red flags for mission-critical deployments, slowing adoption in conservative or regulated industries. Geographical Dominance: North America dominates the Immersion Cooling Market, driven by its advanced data center infrastructure, early adoption of high-performance computing, and strong presence of tech giants like Google, Microsoft, and Amazon. The region benefits from favorable government initiatives promoting energy efficiency, along with significant investments in AI, blockchain, and edge computing. The U.S., in particular, leads in pilot deployments and commercial adoption, making North America a key hub for innovation and large-scale implementation of immersion cooling solutions. Key Players The 'Global Immersion Cooling Market' study report will provide a valuable insight with an emphasis on the global market. The major players in the market are LiquidStack, Fujitsu, Green Revolution Cooling, Submer, Asperitas, Midas Green Technologies, Iceotope Technologies, LiquidCool Solutions, DUG Technology, DCX. Immersion Cooling Market Segment Analysis Based on the research, Verified Market Research has segmented the global market into Product, Application, Cooling Liquid, and Geography. Immersion Cooling Market, by Product: Single-Phase Two-Phase Immersion Cooling Market, by Application: High-performance Computing Edge Computing Cryptocurrency Mining Artificial Intelligence Immersion Cooling Market, by Cooling Liquid: Mineral Oil Fluorocarbon-based Fluids Deionized Water Immersion Cooling Market, by Geography North America U.S Canada Mexico Europe Germany France U.K Rest of Europe Asia Pacific China Japan India Rest of Asia Pacific ROW Middle East & Africa Latin America Browse Related Reports: United States Data Center Cooling Market Size By Type (Liquid-Based Cooling, Hybrid Cooling), By Component (Chillers, Cooling Towers, Control Systems), By Cooling Technique (Free Cooling, Immersion Cooling), By Geography, And Forecast Global Data Center Liquid Immersion Cooling Market Size By Type (Single-phase Immersion Cooling, Two-phase Immersion Cooling), By Application (High-Performance Computing (HPC), Edge computing, Artificial intelligence (AI), Mining Cryptocurrency), By Geography, And Forecast Global Immersion Cooling Fluids Market Size By Type of Fluid (Single-Phase Immersion Cooling Fluids, Two-Phase Immersion Cooling Fluids), By Application (Data Centers, Electronics, Automotive), By End-Use Industry (IT & Telecommunications, Electronics & Semiconductors), By Fluid Composition (Mineral Oils, Synthetic Oils), By Geography, And Forecast Global Antifreeze/Coolant Market Size By Product (Ethylene Glycol, Propylene Glycol, Glycerin), Technology (Oat, Hoat, IAT), By Application (Automotive, Aerospace, Industry Heat Transfer & Cooling Systems), By Geography, And Forecast Top 7 HVAC Equipment Manufacturers going green with sustainability Visualize Immersion Cooling Market using Verified Market Intelligence -: Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future. VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market. About Us Verified Market Research® stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, VMR has been instrumental in providing founders and companies with precise, up-to-date research data. With a team of 500+ Analysts and subject matter experts, VMR leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries. VMR's domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries. Verified Market Research® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights VMR's dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide. Follow Us On: LinkedIn | Twitter | Threads | Instagram | Facebook Contact UsMr. Edwyne FernandesVerified Market Research®US: +1 (650)-781-4080US Toll Free: +1 (800)-782-1768Email: sales@ Logo: View original content: SOURCE Verified Market Research Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
HIVE hits $115.3M revenue in FY2025 as AI cloud earnings triple
HIVE hits $115.3M revenue in FY2025 as AI cloud earnings triple originally appeared on TheStreet. HIVE Digital Technologies Ltd. (Nasdaq: HIVE), a prominent crypto mining company, announced total revenue of $115.3 million for fiscal year 2025, which was driven by a solid year of revenue-generating Bitcoin mining and explosive growth in the AI cloud operations. As per the latest financial report, HIVE faced challenges similar to those faced by many others in the industry, related to the April 2024 Bitcoin halving and hash rate difficulty in the mining environment. However, HIVE revealed that digital currency mining revenue was $105.2 million in FY2025, 5.2% lower than the previous year. Join the discussion with Coach K Crypto The company was able to address several of these concerns due to a 40% increase in mining hashrate, which rose from 4.5 EH/s to 6.3 EH/s throughout the year, and upward price action of Bitcoin. HIVE mined a total of 1,414 BTC, and the combined total number of digital assets was 2,201 BTC, representing a value of approximately $181.1 million. HIVE's high-performance computing (HPC) and AI cloud segment contributed to $10.1 million in revenue in FY2025, nearly 3 times the $3.4 million revenue in FY2024. The company's growth can be attributed to a surge in AI demand, as HIVE scaled its GPU fleet to 5,000 GPUs under its BUZZ HPC business. Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was $56.2 million or 48.7% of total revenue, with $25.1 million (21.8%) in gross operating margins. Generally Accepted Accounting Principles (GAAP) net loss was $3 million, partly due to increasing general and administrative expenses, to $16.6 million due to increased general infrastructure, especially in Paraguay, where HIVE ramped its capacity from 140 MW to 440 MW. HIVE co-founder and executive chairman Frank Holmes highlighted the firm's "disciplined growth" and strategic positioning in its Bitcoin mining and AI infrastructure. HIVE hits $115.3M revenue in FY2025 as AI cloud earnings triple first appeared on TheStreet on Jun 26, 2025 This story was originally reported by TheStreet on Jun 26, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
4 days ago
- Business
- Globe and Mail
RETRANSMISSION: HIVE Achieves FY2025 Total Revenue of $115.3 Million and $56.2 Million Adjusted EBITDA with 1,414 Bitcoin Mined and 3x Growth in AI GPU Revenue
This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024. San Antonio, Texas--(Newsfile Corp. - June 26, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the "Company" or "HIVE"), a global leader in sustainable data center infrastructure, announces its results for the full year ended March 31, 2025 (all amounts in US dollars, unless otherwise indicated). FY2025 Financial Highlights: Total Revenue: $115.3 million, from digital currency mining and high-performance computing (HPC) hosting services. Digital currency mining revenue: $105.2 million, down 5.2% year-over-year mainly due to the April 2024 Bitcoin Halving and increased hash rate difficulty, mostly offset by 40% higher digital currency mining hashrate (from 4.5 EH/s at end of March 2024 to 6.3 EH/s at end of March 2025) and higher Bitcoin prices. HPC/AI Cloud Revenue: $10.1 million, representing approximately 3x growth year-over-year ($3.4 million FY2024), mainly due to expansion of GPU fleet earning AI Compute revenue, driven by strong demand for high-performance computing markets. Bitcoin Production: Mined 1,414 Bitcoin during the fiscal year, which contributed to HIVE's HODL position. Gross Operating Margins: $25.1 million in gross operating margin or 21.8%. G&A: $16.6 million, up from $13.2 million in FY2024 primarily as a result of increased staff to support HIVE's global expansion in digital currency mining, particularly in Paraguay (representing 3x growth from 140 megawatts ("MW") to 440 MW of digital asset infrastructure), and the growth of its BUZZ HPC business (with the number of GPUs growing to over 5,000). Net Income: US GAAP net loss of $3.0 million. Adjusted EBITDA 1: $56.2 million in Adjusted EBITDA or 48.7% of total revenue. Digital Assets: Total digital currency assets valued at $181.1 million at the ended the fiscal year on March 31, 2025, including 2,201 Bitcoin. Management Insights Frank Holmes, Co-Founder and Executive Chairman of HIVE, commented, "In Fiscal 2025, we continued our track record of disciplined growth. We expanded our operational hashrate from approximately 4.5 EH/s in March 31, 2024 to 6.3 EH/s in March 31 2025—a 40% increase achieved even as the post-halving landscape compressed industry economics. Further, we acquired 300 MW of hydro-powered green-energy sites in Paraguay that management believes has deepened our leadership bench with visionaries like Lieutenant General (Ret.) John R. Evans Jr, Gabriel Lamas, and cloud-computing pioneer Craig Tavares and will transform HIVE's growth in both the mining and HPC businesses. We are extremely excited about the remainder of this year as we scale our Bitcoin mining business to the Company's goal of 25 EH/s by December 31, 2025 and continue the strong growth in our Buzz HPC Business. I'd like to thank our dedicated employees and shareholders for their continued support. Looking forward, our mandate remains the same as it always has been: compound strong shareholder value through disciplined, high-return on invested capital ("ROIC") growth powered by green energy." Aydin Kilic, President & CEO of HIVE, stated, "The foundation we set in Fiscal 2025 with the acquisition of our 100 MW site in Valenzuela, Paraguay and the 200 MW site in Yguazú, Paraguay has set the stage for what management believes will be the most transformative chapter in HIVE's history. Since the end of Fiscal 2025, HIVE commissioned the first 100 MW at Yguazú two weeks ahead of its projected schedule, which nearly doubled our hashrate to 11.5 EH/s as of today, with 5.5 Bitcoin being produced daily. The announced exahash growth with the Paraguay expansions and the continued growth path for our Buzz HPC division, gives HIVE two high-revenue engines of growth. With Paraguay ramping weekly, new Bitmain S21+ Hydro machines, and our diversified infrastructure strategy firmly in place, management's focuses are driving lower production costs, expanding cash flow, and delivering sustainable long-term value for our shareholders, all while maintaining our green energy focused strategy. We have been strong in the sector when it comes to ROIC as well, with 22% ROIC achieved over the past 12 months, while keeping low general and administrative expenses per Bitcoin mined as well. I am incredibly proud of our team. 2025 is a transformative year for HIVE." Darcy Daubaras, CFO of HIVE, added, "This reporting period marks a significant milestone for our Company as we have transitioned our financial reporting framework from IFRS to US GAAP. This change aligns with our strategic objectives, enhances comparability with U.S.-listed peers, and supports our potential growth ambitions in U.S. capital markets. We remain committed to transparency and will continue to provide clear, consistent reporting as we move forward. With every megawatt and associated mining hardware for our 300 MW Paraguay expansion now fully funded, we are excited to be on track to deliver our target of 25 EH/s by US Thanksgiving—more than quadrupling our hashrate from March 2025. We believe the scale and efficiency gains from this expansion will significantly enhance our unit economics and drive significant shareholder returns. The initiatives launched in Fiscal 2025 represent the beginning of HIVE's transformation from a modest digital mining company into a globally scaled, sustainability-focused leader in Bitcoin infrastructure." The Company's Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) thereon for the three months and year ended March 31, 2025 will be accessible on SEDAR+ at under HIVE's profile and on the Company's website at Q4 FY2025 Financial Highlights: Total Revenue: $31.2 million, from digital currency mining and high-performance computing (HPC) hosting services. Digital currency mining revenue: $28.1 million, up 5.5% sequentially from fiscal Q3 2025 mainly due higher average digital currency mining hashrate (from 5.4 EH/s in fiscal Q3 2025 to 5.9 EH/s in fiscal Q4 2025) and slightly higher Bitcoin prices. G&A: $5.3 million, up slightly from $4.6 million in Q3 FY2025 primarily as a result of increased staff to support HIVE's global expansion in digital currency mining, particularly in Paraguay, and the growth of its BUZZ HPC business. Bitcoin Production: Mined 303 Bitcoin, down 6% sequentially from fiscal Q3 2025 due to increased hashrate difficulty. HPC Revenue: Buzz HPC revenue was a record $3.0 million during the quarter, up 18.5% sequentially, driven by strong demand for high-performance computing markets. Gross Operating Margins: $8.8 million in gross operating margin or 28.2%. Net Income: GAAP net loss of $52.9 million. Adjusted EBITDA 1: ($30.7) million in Adjusted EBITDA primarily due to quarter end non-cash revaluation 2 of ($26.4) million digital currencies held on balance sheet as a result of lower quarter end spot Bitcoin price. Since March 31, 2025, Bitcoin price has recovered to approximately $101,000 as of the date of this report. In addition, the Company recorded a $6.7 million non-cash, unrealized loss related to its equity investments. Financial Statements and MD&A The Company's Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) thereon for the year ended March 31, 2025 will be accessible on SEDAR+ at under HIVE's profile and on the Company's website at About HIVE Digital Technologies Ltd. Founded in 2017, HIVE Digital Technologies Ltd. builds and operates sustainable blockchain and AI infrastructure powered by renewable hydroelectric energy. With a global footprint across Canada, Sweden, and Paraguay, HIVE is committed to operational excellence, green energy leadership, and creating long-term value for its shareholders and host communities. For more information, visit or connect with us on: X: YouTube: Instagram: LinkedIn: On Behalf of HIVE Digital Technologies Ltd. "Frank Holmes" Executive Chairman Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Forward-Looking Information Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: the acquisition of the new site in Paraguay and its potential, the timing of it becoming operational; business goals and objectives of the Company; the results of operations for the three months and year ended March 31, 2025; the acquisition, deployment and optimization of the mining fleet and equipment; the continued viability of its existing Bitcoin mining operations; the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our mining facilities are located; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at and The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.
Zawya
4 days ago
- Business
- Zawya
PoliCloud, the pioneering, next-gen sovereign cloud infrastructure, raises €7.5mln
$800 billion cloud market, growing at 20% a year - amid accelerated demand for AI – is ripe for a European solution to lessen dependence on U.S. Cloud providers Cannes, France – PoliCloud (the 'Company'), the rapidly-growing provider and developer of next-gen, sovereign, High Performance Computing (HPC) cloud infrastructure, announces its €7.5 million seed fundraise. The funding was led by Global Ventures, a leading VC firm in MENA, with participation from MI8 Limited, a Hong Kong multi-family office; OneRagtime, a Paris-based venture capital firm; Inria, France's National Institute for Research in Digital Science and Technology; and other private investors. The proceeds will be used to hire the operating team and grow its business globally with a focus on public entities in Europe. PoliCloud provides state-of-the-art distributed cloud infrastructure for secure storage and HPC. The Company's solution is eco-responsible, affordable, abundant, and secure; meets the sovereignty needs of enterprises, public administrations and local SMEs; is at the edge because of its unique capabilities of providing decentralization of computing through its partnership with Hivenet, the distributed cloud leader and owner of the market's largest contributor community. PoliCloud is responding to demand following relentless (c. 20% annually) global cloud growth. Accelerated demand for AI requires affordable and scalable computing power, and the market is ripe for a Europe-led solution to lessen dependence on U.S. cloud providers, who currently dominate the $800 billion market. David Gurlé, Founder of PoliCloud, said: 'PoliCloud is meeting a critical market demand for sovereign cloud infrastructure that is not only secure and abundant but also eco-responsible. Our unique edge computing capabilities deliver significant benefits to both public and private sector users. 'The time is right for a new European solution that reduces reliance on US cloud providers and offers affordable, scalable computing power, especially as AI adoption accelerates. We are grateful to Global Ventures and all our investors for their support as we enter this exciting phase of expansion.' PoliCloud is a solution addressing market imperfections. Current cloud expansion suffers from high usage costs and dependence on hyperscalers - such as Google or Amazon - whose models use massive, single, centralized data facilities with high implementation costs and challenging environmental conditions. In contrast, PoliCloud has multiple competitive advantages, including: Unlimited and flexible computing power, provided by federating with the Grid. By y/e 2025, it will have >1,000+ GPUs and by y/e 2026 >20,000+ GPUs; Computing resources are delivered to where they are needed and empower local communities; Small footprint and energy needs; Rapid time to market, with flexibility and adaptability; Capex and Opex offset by sharing unused capacity; and More resilient, higher performance, and more scalable by design PoliCloud's operating model combines its hardware and infrastructure with Hivenet's distributed storage and computing software. PoliCloud designs, builds, and operates its own computers and micro-data centers, with proprietary and optimized design, to ensure low-cost, high-performance storage and computing on state-of-the-art hardware. For example, cities such as Cannes, France, purchase, host, and supply PoliClouds with electricity and fiber connection, and offer the available capacity to its ecosystem of startups in their incubator. Enterprises, such as Data Factory, provide HPC infrastructure to their customers in the US. The result is reliable and scalable cloud storage for public and private users. PoliCloud was launched in February 2025 at the World Artificial Intelligence Cannes Festival (WAICF) with support from the five cities of the Alpes-Maritimes. The Company also benefits from a positive market context and political environment, as well as buoyant early trading. Having already sold four PoliClouds in three months, with a projected €6+ million in revenue by year-end 2025, the Company is already cash flow positive. The current cloud computing market is worth $800 billion and is projected to reach $2 trillion by 2030, according to Goldman Sachs Research. Profitability pressure is shifting the market to frugality, and there is a need for cost-effective GPU-based computing, such as HPC for rapid rendering graphics. SMEs are rapidly growing and adopting AI, catalysing a major market need for computing power that requires fulfillment. France's public investment bank, Bpifrance, also considers the development of distributed computer technology as a deep-tech initiative. Simon Sharp, Senior Partner of Global Ventures, commented: 'Global Ventures is delighted to lead PoliCloud's seed fund raise and work again with David and his talented management team, following their track record of successful delivery in Hivenet. We seek visionary entrepreneurs whose products have clear market demand and global potential – all of which apply to PoliCloud. Their distributed data centers have multiple competitive advantages: delivering next-gen, sovereign computing resources where they are needed; with more resilience; faster performance; greater security; while being cheaper to build and maintain. The exponential growth in AI demand and the need for reliable, scalable computing power means the Company's future is a very bright one.' Stephanie Hospital, Founder & CEO of OneRagtime, said: 'As an early investor and believer in David and Hivenet; and being very aware of how cloud technology has opened up horizons of innovation, but also comes with challenges of costs, security and environmental impact, OneRagtime is excited to invest in PoliCloud. The company is uniquely positioned to provide decentralized, unlimited computing power – affordably, securely and in an eco-responsible way – for which substantial demand exists.' Bruno Sportisse, CEO of Inria, commented: "Inria Participations is delighted to become an investor in Policloud, as it is a logical extension of Inria's existing strategic partnership with Hivenet. Inria and PoliCloud share the same philosophy of a decentralized path to the cloud, for secure, distributed computing, but where resources can also be shared according to need. Achieving this goal is of strategic importance for France and its digital sovereignty." Guillaume Dhamelincourt, Managing Director of Mi8, said: 'The opportunity to invest in PoliCloud was compelling for Mi8, as the world embraces AI and rapidly adjusts its demand for computing power. The multiple use cases for PoliClouds, such as SMEs - but also public enterprises who want to stay mindful of their IT strategy's impact- is an attractive market environment and we look forward to PoliCloud's future growth with great confidence.' Further information Thoburns Ben Rothschild About PoliCloud PoliCloud is a decentralized cloud built for cities, enterprises, and public institutions that refuse to hand their data to hyperscalers. Each unit arrives as a container-sized module that runs compute and storage locally while linking to a wider network. Sovereignty — Data remains under local regulation, free from foreign interference. Security — End-to-end encryption and live intrusion protection keep workloads safe and always on. Sustainability — Air-cooled design cuts energy use and eliminates water waste, offering a cloud that respects the planet. Scalability — Snap in new modules when you need extra power; the fabric pools capacity automatically for AI, research, and everyday services. | queenie@ About Hivenet Hivenet is a distributed cloud platform that replaces traditional data centers with crowdsourced infrastructure. People use Hivenet to back up files, run computing tasks, and send large files—powered entirely by idle devices across the globe. It's fast, fair, and radically more sustainable than the status quo. No extraction. No vendor lock-in. Just cloud services that actually live up to the name. queenie@
