Canadian crypto mining company HIVE Digital announced a 23% year-over-year increase in its Bitcoin reserves, with its holdings rising to 2,620 BTC, valued at around $220 million. While the company's month-over-month crypto holdings declined, it strategically sold a portion of its Bitcoin to invest in capital assets. Following the news, HIVE Digital shares jumped 4.76% to $2, and Rosenblatt adjusted its outlook for the company, predicting a significant increase in its stock price. HIVE Digital's CEO stated that the company is focused on becoming one of the largest and most efficient Bitcoin miners in the world and remains on track for its expansion plans in Paraguay.



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