HIVE debuts in Colombia, giving Andean AI and Bitcoin exposure
HIVE Digital Technologies began trading on the Colombian Stock Exchange under the ticker HIVECO, becoming the first Bitcoin and AI infrastructure company listed on a public exchange in Latin America. The debut, announced on Thursday, extends the sector’s reach as Bitcoin miners and high-performance computing (HPC) firms seek broader access to global capital markets.
The listing makes HIVE accessible to investors across the Andean market system, which connects the exchanges of Colombia, Peru and Chile. In a region where energy and natural resources have traditionally dominated equity issuance, the company offers exposure to digital infrastructure at the intersection of HPC, renewable energy and Bitcoin (BTC).
Colombia’s exchange is among the Andean market’s most institutionally linked platforms, providing HIVE with access to a wider, more integrated investor base than is typical elsewhere in the region.
HIVE shares are already listed in North America and Europe, including on the TSX Venture Exchange, the Nasdaq and the Frankfurt Stock Exchange.
On the Nasdaq, HIVE’s stock fell more than 1% on Thursday but remains higher year to date.
HIVE expands in Latin America as Bitcoin mining economics tighten
HIVE maintains operations in Latin America, including Tier I data centers in Paraguay powered entirely by hydroelectric sources. The company expanded its footprint there in late 2024 and completed the acquisition of its Yguazú facility in March of this year.
HIVE was among the first public Bitcoin miners to diversify into AI and HPC as mining profitability narrowed and demand for GPU infrastructure increased. Other large miners — including Core Scientific, Hut 8, Riot Platforms, TeraWulf and Marathon Holdings — have also broadened into AI and HPC workloads to varying degrees.
Although these companies continue to mine Bitcoin, the industry is operating in one of its most challenging periods. Research indicates miner margins are historically compressed, with revenue at “structural lows” amid a declining hash price and rising operating expenses.
Much of the pressure follows the 2024 Bitcoin halving, which cut block rewards to 3.125 BTC and effectively reduced mining revenue by half. Higher electricity prices and ongoing equipment costs have added to the strain, making diversification into AI and HPC increasingly important for many miners.
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