Latest news with #HIVE
The Herald Scotland
3 days ago
- Business
- The Herald Scotland
Why Greener Energy Group "promise" to save you money on your heating
Now in its eleventh year, Paisley-based Greener Energy Group takes a complex subject and turns it into a very simple proposition: installations only proceed when they are calculated to be 100 per cent right for a customer's home and personal needs. Compliance manager Munro Grierson, who heads up training and compliance, is part of a team of experts who travel the length and breadth of Scotland to visit customers and understand how they live in their home, what they do, and what their concerns and aims are. 'We follow this up with lots of calculations, including technical surveys and heat calculations, to gauge precisely what every individual home needs,' he explains. Nor does it stop there. The company has an exceptional after-sales service and follows up customers to ensure they are on the right tariffs – and can benefit from the best tariffs and deals through partnerships Greener Energy Group has with Octopus, HIVE and others. 'Five years ago, most customers were motivated to change to greener alternatives for environmental reasons,' says Grierson. 'But the hike in the cost of electricity has had a huge impact and switched the focus to reducing energy bills, so green doesn't win votes anymore. However, I can promise customers we will save them money on their heating bills – and in addition they will also be helping the planet by reducing their carbon footprint. With today's renewables you can do it all.' The industry has also changed dramatically. 'What makes a difference is being able to help customers ensure they are on the right tariff. The award-winning product range we use is more advanced and because of battery intelligence, it can tell when you can save energy, when to use it, and when it can sell some back and help boost the grid, while heat pumps are more powerful and now use cleaner, natural refrigerants.' While the renewable energy sector has become much more sophisticated, old myths still abound and much of the information made public is not true, much to Grierson's frustration. 'There is still a lot of misinformation in the media,' he says. 'However, the wrong products will not deliver the best results, so when people say a heat pump is not effective, likely it was not the right solution to begin with. The reason we do heat calculations so precisely is to ensure the right heat pump is installed for that home.' (Image: Greener Energy Group) He continues: 'Batteries, which are located externally and are subject to stringent safety regulations, need to be used much more as they work in tandem with solar to provide free power. The latest batteries can use smart tariffs to buy electricity when demand is low to use when it is high – and sell it back to the grid to make profit. While the technology will continue to develop and products will become more powerful and efficient, with batteries the most exciting innovation is smart intelligence, which stores energy, sets your heating schedules and responds to demand to help smart grids optimize the use of energy.' For most people, accessing renewable energy products is entirely dependent on government incentives such as grant funding and loans. Currently the government offers a grant of £7,500 to qualifying homes for a heat pump installation. In addition, there is also a £7,500 interest-free loan scheme. 'These incentives are vital, yet paradoxically, the funding application process in Scotland is unnecessarily time-consuming and so bureaucratic it scares people off,' says Grierson. To overcome this, Greener Energy Group has a team dedicated solely to going through the application process with customers from start to finish. The company also offers credit facilities with interest-free funding on selective products. Born and brought up in the Scottish Highlands, Grierson studied environmental architecture at Aberdeen University prior to working for one of the major energy companies in England. His encyclopaedic knowledge is matched by a genuine passion, the latter almost palpable. 'I have an eight-year-old daughter, so my main motivation is to help give our children and grandchildren a better world to live in,' he says. 'That said, my greatest inspiration is our customers - and nothing beats the buzz from a great customer review.' (Greener Energy Group has a five-star Trustpilot rating.) 'This is an exciting, innovative and fast-moving industry and our aim is to reach out to as many people as possible and ensure they have the best products to take full advantage of the technology available to save money – and benefit the planet.'
Yahoo
5 days ago
- Business
- Yahoo
HIVE Digital Technologies to Release Fiscal March 31, 2025 Q4 and Full Year 2025 Financial Results and Hold Earnings Call on June 26
San Antonio, Texas--(Newsfile Corp. - June 16, 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, today announced it will release its financial results for fiscal Q4 and full year ended March 31, 2025, on Thursday, June 26, 2025, followed by an earnings conference call and webcast at 8:00 AM EST. Conference Call Information To participate in this event, please log on or dial in approximately 5 minutes before the call. Date: June 26, 2025Time: 8:00 AM ESTWebcast: Registration link hereDial-in: Provided after registration A copy of the earnings release and a replay of the call will be available on the Company's investor relations website at About HIVE Digital Technologies Ltd. HIVE Digital Technologies Ltd. is a pioneering technology company advancing sustainable blockchain and AI infrastructure powered by green energy. HIVE has grown into a global leader in digital asset mining and AI computing. With operations in Canada, Sweden, and Paraguay, HIVE continues to innovate while reducing its environmental footprint. For more information, visit or connect with us on: X: On Behalf of HIVE Digital Technologies Ltd. "Frank Holmes"Executive Chairman For further information, please contact: Nathan Fast, Director of Marketing and BrandingFrank Holmes, Executive Chairman Aydin Kilic, President & CEO Tel: (604) 664-1078 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. To view the source version of this press release, please visit 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
Yahoo
11-06-2025
- Business
- Yahoo
HIVE Digital CEO Frank Holmes says U.S. crypto regulation needs AI
HIVE Digital CEO Frank Holmes says U.S. crypto regulation needs AI originally appeared on TheStreet. In an interview with TheStreet Roundtable, HIVE Digital Technologies Chairman Frank Holmes weighed in on the SEC's Crypto Task Force Roundtable, where Chair Paul Atkins emphasized moving from enforcement to formal rulemaking for crypto issuance, custody and trading. Holmes predicts artificial intelligence will be at the heart of those new guidelines — and he also assessed how a non-sellable treasury Bitcoin reserve might reshape markets. Holmes argued that AI and next-generation data processing will enable regulators to draft clear, comprehensive crypto rules. 'I think the US government today is much more using AI and the ability with the new Nvidia chips to take huge amounts of data and also come out and create rules and regulations,' he said. He pointed to jurisdictions such as Dubai and Bermuda, where AI-assisted frameworks have already taken hold, as models for U.S. authorities. Those 'little islands,' Holmes noted, 'function extremely well, they've had for several years now a crypto ecosystem that has regulations and rules.' Formalizing ground rules, he said, will help manage 'spectacular growth' and move beyond the current patchwork approach. Holmes recalled a board meeting in Paris where 'there were nine thousand people there spending a thousand dollars a ticket at the Louvre learning all about all these new meme coins. I didn't know most of them. I was just so impressed.' That level of enthusiasm, he maintained, underscores why comprehensive AI-driven rulemaking is essential: 'Some basic ground rules and regulations really will be helpful to see it flourish and prosper.' Turning to the March executive order directing the Treasury to build a non-sellable reserve of over 200,000 Bitcoin, Holmes said even partial execution could 'ignite Bitcoin — the confidence in the overall system.' He noted that a government-backed Bitcoin holding would improve price discovery, deepen market liquidity and reinforce investor trust. Addressing proposals to sell gold to fund the reserve, Holmes pushed back: 'That's like saying sell all my Andy Warhol art and I'm only going to go buy Brainwash. I'm not going to do that. I'll have both.' He explained that revaluing gold to market prices would alter key balance-sheet metrics and argued that pairing gold with Bitcoin 'makes it the most powerful currency in the world.' Holmes's insights point to a potential inflection point: AI-powered rulemaking could bring long-awaited clarity to U.S. crypto regulation, while a strategic Bitcoin reserve may redefine price discovery, liquidity and confidence across digital assets. HIVE Digital CEO Frank Holmes says U.S. crypto regulation needs AI first appeared on TheStreet on Jun 10, 2025 This story was originally reported by TheStreet on Jun 10, 2025, where it first appeared. Sign in to access your portfolio
Yahoo
10-06-2025
- Business
- Yahoo
HIVE's Bitcoin mining output set to double soon
HIVE's Bitcoin mining output set to double soon originally appeared on TheStreet. HIVE Digital Technologies Ltd. has announced key developments in Bitcoin mining, reporting a total peak of 10.4 exahashes per second (EH/s), achieved in May 2025. This represents a 58% increase from the peak of 6.6 EH/s in April. This month-to-month increase in HIVE's peak hashrate was driven by the activation of our new 100 MW facility powered by hydro power in Paraguay, reinforcing HIVE's incentive to invest in sustainable, high-efficiency energy mining. In May, HIVE mined 139 BTC, or approximately 4.5 BTC per day while maintaining the fleet's overall mining efficiency of roughly 20 joules/terahash (J/TH), leading Executive Chairman Frank Holmes to say they are set to reach 11.5 EH/s by the end of June, and get 25 EH/s by Q4 2025 which would result in producing over 12 BTC daily while dropping costs to under $50,000 per coin—a critical threshold given the following network difficulty increase. HIVE Executive Chairman Frank Holmes stated that the firm deploys new ASIC miners "within six hours" of their arrival, converting hardware to cash flow at "lightning speed." HIVE CEO Aydin Kilic noted that the speed at which HIVE's team deploys will put them "well ahead of schedule" for their mid-year targets. The company noted that its global operations, powered by 100% hydroelectricity and spanning nine time zones, now represent "more than 1% of the total Bitcoin network hashrate." With its dual model of Bitcoin mining and high-performance computing (HPC) through Buzz, the company is also generating record cash flow. With the BTC market strengthening, HIVE's ambitious scaling might put it in a position to remain a powerhouse in the next wave of increased dominance of Bitcoin mining. HIVE's Bitcoin mining output set to double soon first appeared on TheStreet on Jun 9, 2025 This story was originally reported by TheStreet on Jun 9, 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
Yahoo
07-06-2025
- Business
- Yahoo
HIVE Digital Capacity Crosses 10 EH/s in May, Aims to More Than Double That by Year-End
Bitcoin miner HIVE Digital Technologies (HIVE) has surpassed 10 exahash per second (EH/s) in hashrate capacity, a 58% increase from April, driven by the launch of a 100-megawatt hydro-powered site in Paraguay. The company said in a press release on Friday that it's on track to reach 25 EH/s by the end of 2025. The firm mined 139 bitcoin in May, or an average rate of 4.5 BTC per day. Peak capacity hit 10.4 EH/s while average hashrate for the month stood at 8.5 EH/s. HIVE said its fleet efficiency remained steady at around 20 joules per terahash (J/TH), and its network share now exceeds 1% of global Bitcoin mining power. The new facility in Paraguay reflects a broader trend in the mining industry: the race to deploy next-generation ASIC miners rapidly and at scale in regions with abundant renewable power. Co-founder Frank Holmes emphasized the company's speed and flexibility, pointing to its Buzz HPC division, which supports AI cloud infrastructure alongside Bitcoin mining. CEO Aydin Kilic said the company's goal for the summer is 18 EH/s, and that fleet upgrades should allow for a daily BTC output of over 12 by the fourth quarter — potentially at a production cost below $50,000 per coin. HIVE operates facilities in Canada, Sweden and Paraguay, powered entirely by hydroelectricity. The company was the first publicly listed crypto miner on the TSX Venture Exchange in 2017. HIVE shares are higher by 13% in New York trade on Friday as the mining sector rallies alongside bitcoin's gain to above $105,000.
