HIVE Digital Technologies stock (Nasdaq: HIVE) hit $2.47 on July 11 amidst the historic Bitcoin rally, reaching a four-month high compared to its last peak on Feb. 24. The company is a major player in Bitcoin mining, recently achieving a $250 million annual revenue run rate and 12 exahash per second (EH/s) of mining hashrate.

With facilities in Canada and Sweden, HIVE is focusing on expanding its operations in Paraguay. The company mined 164 Bitcoin in June, up from 139 in May, with plans to increase production to 12 BTC a day by the end of 2025. President & CEO Aydin Kilic anticipates reaching a $400 million annual revenue once the company hits 18 EH/s.

Read more at Yahoo Finance: HIVE stock at four-month high amid historic Bitcoin rally