HIVE Digital Technologies operates data centers for Bitcoin mining and high-performance computing. The company's primary business involves running ASIC miners to generate hashrate, which HIVE sells to mining pools. HIVE maintains data centers in Canada, Sweden, and Paraguay, where the company utilizes low-cost hydroelectric power. Bitcoin mining generates the majority of company revenue, driven by hashrate capacity, network difficulty, and electricity costs. HIVE also provides GPU cloud services through its subsidiary, BUZZ HPC. This segment rents NVIDIA GPUs to enterprise and government customers for AI model training and research. HIVE follows a sovereign AI strategy to provide domestically controlled infrastructure in Canada and partners with Bell Canada to deploy GPU clusters. The company generates GPU revenue through hourly rentals and fixed-term contracts, using lease-to-own arrangements to finance hardware. HIVE's growth strategy employs cash flow from Bitcoin mining to expand its AI infrastructure, including converting existing facilities to Tier III colocation standards and increasing its GPU fleet. HIVE maintains a dynamic HODL strategy, using its Bitcoin holdings as collateral to finance hardware upgrades and improve fleet efficiency. The company aims to transition toward high-performance computing services while expanding its mining footprint in Paraguay.