- HIVE Digital Technologies (HIVE, Financial) achieves a record 9.5 EH/s Bitcoin mining hashrate, surpassing 1% of the global network.
- The company aims to reach 25 EH/s by 2025 through expansion projects in Paraguay.
- Operates using 100% renewable energy with plans for additional facilities to bolster growth and efficiency.
HIVE Digital Technologies Ltd. (HIVE) has recently accomplished a significant milestone, reaching a Bitcoin mining hashrate of 9.5 Exahash per second (EH/s). This achievement grants HIVE a position exceeding 1% of the global Bitcoin network, solidifying its status as a pivotal player in the blockchain industry. Currently, HIVE is mining over 4.5 Bitcoin daily, capitalizing on its advanced technological infrastructure.
In its ambitious roadmap, HIVE aims to increase its hashrate to 25 EH/s by the end of 2025. The company plans to enhance its capacity to 11.5 EH/s by June 2025. As part of this strategy, HIVE is set to expand its operations with the launch of a second 100 MW facility in Yguazú, Paraguay, by summer 2025, which will target 18 EH/s. A third 100 MW data center is also planned for Valenzuela, Paraguay, aimed at reaching the 25 EH/s goal by Q4 2025.
HIVE is committed to sustainable growth, operating all its facilities using 100% renewable energy. The company currently runs a hydro-powered data center in Yguazú, Paraguay, which contributes approximately 1 EH/s weekly to its capacity.
Frank Holmes, Co-Founder and Executive Chairman of HIVE, emphasized the company's dedication to value creation for shareholders, highlighting the operational team's exemplary performance in scaling operations swiftly. Aydin Kilic, President and CEO of HIVE, reiterated this sentiment, marking the 9.5 EH/s achievement as a testament to the strategic focus and execution.
HIVE Digital Technologies continues to drive forward with a clear vision, leveraging renewable energy and cutting-edge technology to secure its position as a leader in the digital infrastructure sector while maintaining a robust commitment to environmental sustainability.
