HIVE tests investor interest in AI-Bitcoin (BTC) infrastructure in the Andes market.

CN
2 hours ago

HIVE Digital Technologies made its debut on the Colombian Stock Exchange under the ticker symbol HIVECO, becoming the first publicly traded Bitcoin and AI infrastructure company on a Latin American exchange. Industry experts point out that this move marks another significant signal of expansion in the sector, as Bitcoin miners and high-performance computing (HPC) companies actively delve into global capital markets.

According to an official announcement on Thursday, this listing initiative opens HIVE to investors across the entire Andean market system, which connects exchanges in Colombia, Peru, and Chile.

For a region traditionally dominated by energy and natural resource issuers, the addition of a digital infrastructure company provides investors with a valuable opportunity to access a rapidly growing industry that sits at the strategic intersection of high-performance computing, renewable energy, and BTC.

Analysts believe that the Colombian exchange is one of the most closely connected platforms in the Andean market, allowing HIVE to reach a broader and more integrated investor base than in other parts of Latin America.

HIVE shares are already listed and traded on multiple exchanges in North America and Europe, including the TSX Venture Exchange, Nasdaq, and Frankfurt Stock Exchange.

On Nasdaq, HIVE's stock price fell more than 1% on Thursday, but its overall performance for the year remains upward.

HIVE has established a solid business foundation in Latin America, developing a tier-one data center fully powered by hydroelectricity in Paraguay. The company began expanding its local business layout by the end of 2024 and completed a strategic acquisition of its Yguazú site in March of this year, as previously reported by Cointelegraph.

Industry observers note that as the mining economic environment tightens and demand for GPU infrastructure surges, HIVE has become one of the early Bitcoin miners to strategically pivot towards AI and high-performance computing.

Other major listed miners, including Core Scientific, Hut 8, Riot Platforms, TeraWulf, and Marathon Holdings, have also expanded into the AI and HPC workload sectors to varying degrees.

While these companies remain active in the BTC mining space, the industry is facing one of the most challenging operating environments to date. Industry research reports describe current miner profit margins as historically compressed, with revenues at a "structural low point" due to falling hash rate prices and rising operational costs.

Most of the pressure stems from the 2024 BTC halving event, which will reduce block rewards to 3.125 BTC, effectively halving mining revenues. Higher electricity costs and ongoing equipment expenditures further exacerbate operational pressures, making diversification into AI and HPC increasingly important for many miners.

Related: Texas grid heats up again, this time due to AI rather than Bitcoin (BTC) miners

Original: “HIVE Tests Investor Interest in AI-Bitcoin (BTC) Infrastructure in the Andean Market”

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