HIVE Digital Technologies has officially launched its trading on the Colombian Stock Exchange under the ticker HIVECO, emerging as the inaugural Bitcoin and AI infrastructure entity listed on a Latin American exchange. This listing signals significant sector growth as Bitcoin miners and high-performance computing (HPC) firms venture further into international capital markets.

The announcement made on Thursday allows HIVE to attract investments throughout the Andean market system, which connects the exchanges of Colombia, Peru, and Chile.

Traditionally characterized by energy and natural resources, this region now gains access to a burgeoning digital sector that merges high-performance computing, renewable energy, and Bitcoin (BTC).

Colombia’s exchange offers a highly connected platform within the Andean marketplace, thereby providing HIVE with a wider pool of investors than usually found in Latin America.

HIVE Digital Technologies Source: HIVE Digital Technologies

Previously, HIVE shares traded in North America and Europe, including the TSX Venture Exchange, Nasdaq, and Frankfurt Stock Exchange. Following the Thursday listing, HIVE shares saw a more than 1% decline on Nasdaq despite a year-on-year increase.

HIVE’s Expansion as Mining Economies Shift

HIVE has established its footprint in Latin America with Tier I data centers in Paraguay, which utilize exclusively hydroelectric power. The company began bolstering its operations in late 2024 and finalized the acquisition of its Yguazú site in March this year.

This entity has been one of the pioneer Bitcoin miners to redirect toward AI and high-performance computing amid tightening mining economics and increasing demand for GPU infrastructure.

Other key players, including Core Scientific, Hut 8, Riot Platforms, TeraWulf, and Marathon Holdings, have also diversified into AI and HPC in varying capacities.

Current mining costs for public Bitcoin miners. Source: TheMinerMag

Despite remaining active in Bitcoin mining, the sector finds itself in one of the most challenging periods it has encountered. Research indicates that miner margins are at historically compressed levels, with revenue at structural lows due to diminishing hash prices and increasing operating costs.

The pressures faced are partially associated with the 2024 Bitcoin halving, which cut block rewards to 3.125 BTC, effectively halving mining revenue. Rising electricity costs and continuous equipment expenses have further heightened the strain, making it crucial for many miners to diversify into AI and HPC.