<p>加密矿业长期以来一直被定义为 繁荣与萧条周期。但 <strong>HIVE Digital Technologies Ltd</strong> (NASDAQ: HIVE) 表示，其下一个阶段并不是关于 <strong>比特币</strong> (CRYPTO: BTC) 的时机——而是关于建立一个能够在各个周期中表现良好的业务。</p>
<ul>
<li><strong>在此跟踪 HIVE 股票 这里。</strong></li>
</ul>
<p>在一场独家电子邮件采访中，HIVE 的联合创始人兼执行主席 <strong>Frank Holmes</strong> 指出，公司在巴拉圭的快速扩张是 HIVE 希望在 2026 年前进的蓝图。</p>
<p>&#34;巴拉圭展示了我们希望 HIVE 在 2026 年前的定位：作为一个有纪律的全球运营商，快速且负责任地将可再生能源转化为高价值的数字基础设施，&#34;Holmes 说。</p>
<p><strong>另请阅读：$80 亿错误：摩根大通称华尔街低估比特币矿工 28%</strong></p>
<h2>效率优先于规模</h2>
<p>这种方法标志着与过去加密周期的明显不同。&#34;在早期周期中，规模往往在效率之前，&#34;Holmes 说。&#34;今天，效率优先。&#34;</p>
<p>HIVE 不再追逐头条增长，而是依赖低成本的可再生能源、严格的资本配置和灵活的基础设施。Holmes 将结果描述为&#34;一个复合增长的飞轮效应，&#34;而不是围绕短期投机构建的模型。</p>
<h2>可持续性作为竞争优势</h2>
<p>对于 HIVE 来说，水电不仅仅是一个可持续性的讨论点。Holmes 说，这创造了战略优势。&#34;几乎 100% 的水电运行使 HIVE 在可持续数字基础设施方面拥有先发优势，&#34;他说，并补充说，这有助于将公司定位为政府、公用事业和企业客户的可信合作伙伴。</p>
<h2>边际利润优于哈希率</h2>
<p>展望 2026 年，Holmes 强调，仅仅增长产能并不是目标。&#34;优先事项是通过效率和纪律来保护边际利润，&#34;他说。&#34;产能只有在盈利和有韧性时才重要。&#34;</p>
<p>他补充说，成功将通过感知和生产同样来衡量。Holmes 表示，HIVE 希望被认可为&#34;一家值得信赖、持久的数字基础设施公司，以&#34;运营卓越、可再生能源领导力、合规性和能够大规模提供安全计算&#34;而闻名。</p>
<p>这种灵活性也为人工智能和高性能计算留出了空间，Holmes 说这些&#34;已经是有意义的机会&#34;，创造了&#34;双引擎增长&#34;。</p>
<p>总结一下，Holmes 告诉投资者：&#34;我们将可再生能源转化为韧性强、产生收入的数字基础设施，旨在在市场周期中表现良好。&#34;</p>
<p><strong>接下来阅读：</strong></p>
<ul>
<li><strong>HIVE 表示其应当是一只 20 美元的股票</strong></li>
</ul>
<p><em>图片来源：Shutterstock</em></p>

HIVE

<p>HIVE Digital Technologies Ltd 正在专注于建立一个在市场周期中表现良好的可持续商业模式，而不是追逐比特币周期。该公司正在巴拉圭扩展，利用低成本的可再生能源来创造竞争优势。HIVE 优先考虑效率和有序的资本配置，旨在实现 “飞轮效应”，以复合增长。该公司希望因运营卓越和可再生能源领导力而获得认可，重点关注利润率而非算力。HIVE 还将人工智能和高性能计算视为增长机会</p>

<p>Crypto mining has long been defined by boom-and-bust cycles. But <strong>HIVE Digital Technologies Ltd</strong> (NASDAQ: HIVE) says its next phase isn't about timing <strong>Bitcoin</strong> (CRYPTO: BTC) — it's about building a business that can perform across cycles.</p>
<div class="lb-trans"><p>加密矿业长期以来一直被定义为 繁荣与萧条周期。但 <strong>HIVE Digital Technologies Ltd</strong> (NASDAQ: HIVE) 表示，其下一个阶段并不是关于 <strong>比特币</strong> (CRYPTO: BTC) 的时机——而是关于建立一个能够在各个周期中表现良好的业务。</p>
</div><ul>
<li><strong>Track HIVE stock here.</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>在此跟踪 HIVE 股票 这里。</strong></li>
</ul>
</div><p>In a Benzinga exclusive interview over email, HIVE co-founder and executive chairman <strong>Frank Holmes</strong> pointed to the company's rapid expansion in Paraguay as a blueprint for where HIVE wants to be heading into 2026.</p>
<div class="lb-trans"><p>在一场独家电子邮件采访中，HIVE 的联合创始人兼执行主席 <strong>Frank Holmes</strong> 指出，公司在巴拉圭的快速扩张是 HIVE 希望在 2026 年前进的蓝图。</p>
</div><p>&#34;Paraguay demonstrates how we want HIVE positioned going into 2026: as a disciplined, global operator converting renewable energy into high-value digital infrastructure rapidly and responsibly,&#34; Holmes said.</p>
<div class="lb-trans"><p>&#34;巴拉圭展示了我们希望 HIVE 在 2026 年前的定位：作为一个有纪律的全球运营商，快速且负责任地将可再生能源转化为高价值的数字基础设施，&#34;Holmes 说。</p>
</div><p><strong>Read Also: $8 Billion Mistake: Wall Street Underprices Bitcoin Miners By 28%, JPMorgan Says</strong></p>
<div class="lb-trans"><p><strong>另请阅读：$80 亿错误：摩根大通称华尔街低估比特币矿工 28%</strong></p>
</div><h2>Efficiency Before Scale</h2>
<div class="lb-trans"><h2>效率优先于规模</h2>
</div><p>That approach marks a clear departure from past crypto cycles. &#34;In earlier cycles, scale often came before efficiency,&#34; Holmes said. &#34;Today, efficiency comes first.&#34;</p>
<div class="lb-trans"><p>这种方法标志着与过去加密周期的明显不同。&#34;在早期周期中，规模往往在效率之前，&#34;Holmes 说。&#34;今天，效率优先。&#34;</p>
</div><p>Rather than chasing headline growth, HIVE is leaning on low-cost renewable power, disciplined capital allocation and flexible infrastructure. Holmes described the result as &#34;a flywheel effect that compounds growth,&#34; instead of a model built around short-cycle speculation.</p>
<div class="lb-trans"><p>HIVE 不再追逐头条增长，而是依赖低成本的可再生能源、严格的资本配置和灵活的基础设施。Holmes 将结果描述为&#34;一个复合增长的飞轮效应，&#34;而不是围绕短期投机构建的模型。</p>
</div><h2>Sustainability As A Competitive Edge</h2>
<div class="lb-trans"><h2>可持续性作为竞争优势</h2>
</div><p>For HIVE, hydropower isn't just a sustainability talking point. Holmes said it creates a strategic advantage. &#34;Running on nearly 100% hydropower gives HIVE a first-mover advantage in sustainable digital infrastructure,&#34; he said, adding that it helps position the company as a credible partner for governments, utilities and enterprise customers.</p>
<div class="lb-trans"><p>对于 HIVE 来说，水电不仅仅是一个可持续性的讨论点。Holmes 说，这创造了战略优势。&#34;几乎 100% 的水电运行使 HIVE 在可持续数字基础设施方面拥有先发优势，&#34;他说，并补充说，这有助于将公司定位为政府、公用事业和企业客户的可信合作伙伴。</p>
</div><h2>Margins Over Hash Rate</h2>
<div class="lb-trans"><h2>边际利润优于哈希率</h2>
</div><p>Looking toward 2026, Holmes emphasized that capacity growth alone isn't the goal. &#34;The priority is protecting margins through efficiency and discipline,&#34; he said. &#34;Capacity only matters if it is profitable and resilient.&#34;</p>
<div class="lb-trans"><p>展望 2026 年，Holmes 强调，仅仅增长产能并不是目标。&#34;优先事项是通过效率和纪律来保护边际利润，&#34;他说。&#34;产能只有在盈利和有韧性时才重要。&#34;</p>
</div><p>Success, he added, will be measured by perception as much as production. Holmes said HIVE wants to be recognized as &#34;a trusted, durable digital infrastructure company&#34; known for &#34;operational excellence, renewable energy leadership, compliance, and the ability to deliver secure compute at scale.&#34;</p>
<div class="lb-trans"><p>他补充说，成功将通过感知和生产同样来衡量。Holmes 表示，HIVE 希望被认可为&#34;一家值得信赖、持久的数字基础设施公司，以&#34;运营卓越、可再生能源领导力、合规性和能够大规模提供安全计算&#34;而闻名。</p>
</div><p>That flexibility also leaves room for AI and high-performance computing, which Holmes said are &#34;already meaningful opportunities&#34; that create &#34;a dual engine for growth.&#34;</p>
<div class="lb-trans"><p>这种灵活性也为人工智能和高性能计算留出了空间，Holmes 说这些&#34;已经是有意义的机会&#34;，创造了&#34;双引擎增长&#34;。</p>
</div><p>Summing it up, Holmes told investors: &#34;We turn renewable energy into resilient, revenue-generating digital infrastructure built to perform across market cycles.&#34;</p>
<div class="lb-trans"><p>总结一下，Holmes 告诉投资者：&#34;我们将可再生能源转化为韧性强、产生收入的数字基础设施，旨在在市场周期中表现良好。&#34;</p>
</div><p><strong>Read Next:</strong></p>
<div class="lb-trans"><p><strong>接下来阅读：</strong></p>
</div><ul>
<li><strong>HIVE Says It Should Be A $20 Stock</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>HIVE 表示其应当是一只 20 美元的股票</strong></li>
</ul>
</div><p><em>Image: Shutterstock</em></p>
<div class="lb-trans"><p><em>图片来源：Shutterstock</em></p>
</div>

独家报道：HIVE 正在构建一个增长的 “飞轮”，而不是追逐比特币周期，CEO 表示