HIVE tests investor appetite for AI-Bitcoin infrastructure in Andean markets

HIVE Digital Technologies has debuted connected the Colombian Stock Exchange nether the ticker HIVECO, becoming the archetypal Bitcoin and AI infrastructure institution to commercialized publically connected a Latin American exchange. The determination marks different motion of the sector’s enlargement arsenic Bitcoin miners and high-performance computing (HPC) companies propulsion deeper into planetary superior markets.

Announced connected Thursday, the listing makes HIVE disposable to investors crossed the Andean marketplace system, which links the exchanges of Colombia, Peru and Chile. 

For a portion traditionally dominated by vigor and natural-resources issuers, the summation of a integer infrastructure institution offers vulnerability to a increasing assemblage that sits astatine the intersection of high-performance computing, renewable powerfulness and Bitcoin (BTC).

Colombia’s speech is 1 of the Andean marketplace’s astir institutionally connected platforms, giving HIVE entree to a broader, much integrated capitalist basal than is emblematic elsewhere successful Latin America.

Source: HIVE Digital Technologies

HIVE shares are already traded successful North America and Europe, including connected the TSX Venture Exchange, the Nasdaq and the Frankfurt Stock Exchange.

On the Nasdaq, HIVE shares slipped much than 1% connected Thursday, though they stay up for the year.

Related: Bitcoin miners gambled connected AI past year, and it paid off

HIVE’s Latin American footprint grows arsenic Bitcoin mining economics tighten

HIVE already has an operational footprint successful Latin America, having developed Tier I information centers successful Paraguay powered wholly by hydroelectricity. The institution began expanding its beingness determination successful precocious 2024 and completed the acquisition of its Yguazú tract successful March of this year, arsenic previously reported by Cointelegraph.

HIVE was among the aboriginal Bitcoin miners to pivot toward AI and high-performance computing arsenic mining economics tightened and request for GPU infrastructure surged. 

Other major nationalist miners, including Core Scientific, Hut 8, Riot Platforms, TeraWulf and Marathon Holdings person besides expanded into AI and HPC workloads successful varying degrees.

Current mining costs for nationalist Bitcoin miners. Source: TheMinerMag

While these companies stay progressive successful Bitcoin mining, the assemblage is operating successful 1 of its toughest environments to date. Industry probe describes existent miner margins arsenic historically compressed, with gross astatine “structural lows” amid falling hash terms and rising operating costs.

Much of the unit stems from the 2024 Bitcoin halving, which reduced artifact rewards to 3.125 BTC and efficaciously halved mining revenue. Higher energy costs and ongoing instrumentality expenses person added further strain, making diversification into AI and HPC progressively important for galore miners.

Related: Thirteen years aft the archetypal halving, Bitcoin mining looks precise antithetic successful 2025