HIVE Digital Technologies Announces 100% Completion of First 100 MW Infrastructure in Paraguay and Strategic Operational Hire
HIVE Digital Technologies (NASDAQ: HIVE) has announced the completion of Phase 1 infrastructure at its Yguazú facility in Paraguay, featuring a 100 megawatt (MW) air-cooled data center supported by a 200 MW substation. The facility enables 5 exahash per second (EH/s) capacity for next-generation ASIC miners.
Currently operating with 200 petahashes using proprietary BUZZ Miners, HIVE expects to have 8,000 BUZZ Miners online by April's end. The company has begun receiving new-generation ASICs, including Bitmain S21+ units, with over 20,000 units expected by May's end. HIVE projects scaling to 5 EH/s in Paraguay and 11.5 EH/s total hashrate across all operations by Q2 2025.
The company aims to reach 25 EH/s by Fall 2025, potentially producing over 12 Bitcoins daily at current difficulty levels. As of March 31, HIVE secured deposits for 4.3 EH/s of Bitmain S21+ miners through treasury management, with no debt.
HIVE Digital Technologies (NASDAQ: HIVE) ha annunciato il completamento della Fase 1 dell'infrastruttura presso la sua struttura di Yguazú in Paraguay, che include un data center raffreddato ad aria da 100 megawatt (MW) supportato da una sottostazione da 200 MW. L'impianto consente una capacità di 5 exahash al secondo (EH/s) per i miner ASIC di nuova generazione.
Attualmente in funzione con 200 petahash utilizzando i miner proprietari BUZZ, HIVE prevede di avere 8.000 BUZZ Miners operativi entro la fine di aprile. L'azienda ha iniziato a ricevere ASIC di nuova generazione, inclusi i modelli Bitmain S21+, con oltre 20.000 unità previste entro fine maggio. HIVE prevede di raggiungere 5 EH/s in Paraguay e un tasso di hash totale di 11,5 EH/s in tutte le operazioni entro il secondo trimestre del 2025.
L'azienda punta a raggiungere 25 EH/s entro l'autunno 2025, potenzialmente producendo oltre 12 Bitcoin al giorno ai livelli di difficoltà attuali. Al 31 marzo, HIVE ha garantito depositi per 4,3 EH/s di miner Bitmain S21+ tramite la gestione del tesoro, senza alcun debito.
HIVE Digital Technologies (NASDAQ: HIVE) ha anunciado la finalización de la Fase 1 de la infraestructura en su instalación de Yguazú en Paraguay, que cuenta con un centro de datos refrigerado por aire de 100 megavatios (MW) respaldado por una subestación de 200 MW. La instalación permite una capacidad de 5 exahashes por segundo (EH/s) para mineros ASIC de próxima generación.
Actualmente operando con 200 petahashes utilizando sus propios mineros BUZZ, HIVE espera tener 8,000 mineros BUZZ en línea para finales de abril. La compañía ha comenzado a recibir ASICs de nueva generación, incluyendo unidades Bitmain S21+, con más de 20,000 unidades esperadas para finales de mayo. HIVE proyecta alcanzar 5 EH/s en Paraguay y un hashrate total de 11.5 EH/s en todas sus operaciones para el segundo trimestre de 2025.
La empresa tiene como objetivo llegar a 25 EH/s para el otoño de 2025, produciendo potencialmente más de 12 Bitcoins diarios con los niveles actuales de dificultad. Al 31 de marzo, HIVE aseguró depósitos para 4.3 EH/s de mineros Bitmain S21+ mediante la gestión del tesoro, sin deuda.
HIVE Digital Technologies (NASDAQ: HIVE)는 파라과이 이과수(Yguazú) 시설에서 1단계 인프라를 완료했다고 발표했습니다. 이 시설은 200MW 변전소가 지원하는 100메가와트(MW) 공랭식 데이터 센터를 갖추고 있으며, 차세대 ASIC 채굴기를 위한 5 엑사해시(EH/s) 용량을 제공합니다.
현재 자체 개발한 BUZZ 채굴기를 사용해 200 페타해시를 운영 중이며, HIVE는 4월 말까지 8,000대의 BUZZ 채굴기를 가동할 계획입니다. 또한 Bitmain S21+를 포함한 차세대 ASIC 채굴기 도입을 시작했으며, 5월 말까지 20,000대 이상을 받을 예정입니다. HIVE는 2025년 2분기까지 파라과이에서 5 EH/s, 전체 운영에서 총 11.5 EH/s 해시레이트를 목표로 하고 있습니다.
회사는 2025년 가을까지 25 EH/s에 도달해 현재 난이도 기준으로 하루 12개 이상의 비트코인을 생산할 수 있을 것으로 기대하고 있습니다. 3월 31일 기준, HIVE는 재무 관리를 통해 Bitmain S21+ 채굴기 4.3 EH/s에 대한 예치금을 확보했으며, 부채는 없습니다.
HIVE Digital Technologies (NASDAQ : HIVE) a annoncé l'achèvement de la phase 1 de son infrastructure sur son site de Yguazú au Paraguay, comprenant un centre de données refroidi par air de 100 mégawatts (MW) soutenu par une sous-station de 200 MW. L'installation permet une capacité de 5 exahashs par seconde (EH/s) pour les mineurs ASIC de nouvelle génération.
Actuellement en fonctionnement avec 200 petahash en utilisant les mineurs propriétaires BUZZ, HIVE prévoit d'avoir 8 000 BUZZ Miners en ligne d'ici fin avril. La société a commencé à recevoir des ASIC de nouvelle génération, y compris des unités Bitmain S21+, avec plus de 20 000 unités attendues d'ici fin mai. HIVE projette d'atteindre 5 EH/s au Paraguay et un taux de hachage total de 11,5 EH/s sur l'ensemble de ses opérations d'ici le deuxième trimestre 2025.
L'entreprise vise 25 EH/s d'ici l'automne 2025, produisant potentiellement plus de 12 Bitcoins par jour aux niveaux de difficulté actuels. Au 31 mars, HIVE a sécurisé des dépôts pour 4,3 EH/s de mineurs Bitmain S21+ via une gestion de trésorerie, sans endettement.
HIVE Digital Technologies (NASDAQ: HIVE) hat den Abschluss der Phase-1-Infrastruktur an seinem Standort in Yguazú, Paraguay, bekannt gegeben. Diese umfasst ein 100 Megawatt (MW) luftgekühltes Rechenzentrum, das von einer 200 MW Unterstation unterstützt wird. Die Anlage ermöglicht eine Kapazität von 5 Exahash pro Sekunde (EH/s) für ASIC-Miner der nächsten Generation.
Derzeit werden 200 Petahash mit firmeneigenen BUZZ Minern betrieben, und HIVE erwartet, bis Ende April 8.000 BUZZ Miner online zu haben. Das Unternehmen hat mit dem Empfang neuer ASIC-Modelle begonnen, darunter Bitmain S21+ Einheiten, von denen bis Ende Mai über 20.000 erwartet werden. HIVE plant, bis zum zweiten Quartal 2025 in Paraguay 5 EH/s und insgesamt 11,5 EH/s Hashrate über alle Standorte zu erreichen.
Das Unternehmen strebt an, bis Herbst 2025 25 EH/s zu erreichen, was bei den aktuellen Schwierigkeitsgraden eine tägliche Produktion von über 12 Bitcoins ermöglichen würde. Zum 31. März sicherte sich HIVE durch Treasury-Management Einlagen für 4,3 EH/s Bitmain S21+ Miner ohne Verschuldung.
- Completed 100 MW infrastructure with 200 MW substation capacity
- Secured deposits for 4.3 EH/s of Bitmain S21+ miners
- Debt-free expansion from 6.5 EH/s to 11.5 EH/s
- Projected growth to 25 EH/s by Fall 2025
- 8,000 proprietary BUZZ Miners deployment by April end
- Currently operating only 200 petahashes out of potential 5 EH/s capacity
- Significant capital expenditure for miner deposits and infrastructure
Insights
HIVE completes 100MW Paraguay facility, enabling 5 EH/s capacity with major hardware deployments underway for significant hashrate expansion.
HIVE's announcement represents a major infrastructure milestone with the 100% completion of their 100MW Paraguay facility backed by a 200MW substation. This provides immediate capacity for 5 exahash of computing power - approximately 2.5% of the current global Bitcoin network hashrate.
The company's deployment strategy shows careful planning: They're currently operating 200 petahashes with proprietary BUZZ miners and scaling to 8,000 BUZZ units by month-end. Most significantly, they've begun receiving next-generation Bitmain S21+ ASICs - widely regarded as the industry's most efficient miners at roughly 17.5 J/TH - with 20,000 units expected by May's end.
This infrastructure completion transforms HIVE's operational profile, enabling their rapid scaling from 6.5 EH/s to 11.5 EH/s by Q2's end - a 76.9% increase in hashrate capacity. The 200MW substation provides critical power redundancy and future expansion capability beyond the initial 100MW deployment.
HIVE's execution demonstrates aggressive but methodical scaling alongside fiscal discipline. The completed infrastructure positions them for their stated 25 EH/s Fall 2025 target, which would represent a 284% hashrate increase from current levels. The addition of Carlos Torres strengthens their operational leadership as they manage this complex deployment phase.
HIVE's debt-free Paraguay expansion significantly scales Bitcoin production capacity with fully-funded equipment purchases, strengthening competitive positioning.
HIVE's Paraguay facility completion represents a transformative scaling event in the company's growth trajectory. The most compelling aspect is their debt-free expansion strategy - they've secured deposits for 4.3 EH/s of cutting-edge Bitmain S21+ miners through disciplined treasury management rather than leveraging their balance sheet during a period of sector-wide expansion.
This capital allocation approach differentiates HIVE from competitors who typically finance equipment purchases. By paying upfront for their expansion from 6.5 EH/s to 11.5 EH/s, they've eliminated financing costs and reduced operational risk in a notoriously volatile industry.
The scale of expansion is substantial - at their 25 EH/s Fall 2025 target (producing approximately 12 Bitcoins daily at current difficulty), HIVE would solidify its position among the top-tier publicly traded miners. This infrastructure milestone unlocks immediate hashrate scaling, with the company systematically deploying 20,000+ next-generation ASICs.
The strategic hire of Carlos Torres alongside Paraguay operations president Gabriel Lamas strengthens their operational execution capacity in this critical growth region. This leadership investment indicates they're building long-term operational capabilities beyond the initial infrastructure deployment.
From a competitive standpoint, HIVE's fully-energized 200MW substation provides significant advantage for rapid scaling while many competitors struggle with power access constraints and connection delays.
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 3, 2024 to its short form base shelf prospectus dated September 11, 2024.
San Antonio, Texas--(Newsfile Corp. - April 21, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (referred to as the "Company" or "HIVE"), a global leader in sustainable data center infrastructure, is pleased to announce the
Paraguay Phase 1: Energized, Equipped, and Scaling
HIVE has now completed construction and energization of the 100 MW Phase 1 infrastructure at the Yguazù site, enabling capacity for 5 exahash per second ("EH/s") of next-generation ASIC miners. The Company is currently operating 200 petahashes of hashrate at the site using its proprietary BUZZ Miners, with a total of 8,000 BUZZ Miners expected online by the end of April.
Initial deliveries of new-generation ASICs, including Bitmain S21+ units, have begun arriving on site, with over 20,000 units expected before the end of May. The Company expects to scale to 5 EH/s in Paraguay and 11.5 EH/s total hashrate across all operations by the end of Q2 2025.
Luke Rossy, Chief Operating Officer of HIVE, stated, "We are executing with conviction. We aim to reach 25 EH/s by Fall 2025, producing over 12 Bitcoins daily at current difficulty levels. With our Paraguay site energized and racking underway, HIVE is positioned for a transformative year of growth."
Aydin Kilic, President & CEO of HIVE, added, "As of March 31, we secured deposits for 4.3 EH/s of Bitmain S21+ miners, funded through disciplined treasury management. Our fiscal year-end marked a strategic pivot - no debt, just smart execution. Our expansion from 6.5 EH/s to 11.5 EH/s has been paid and we're moving fast."
Luke Rossy continued: "With 100 MW of infrastructure complete, we're now racking and energizing machines. It's exciting to see the momentum build. We're also proud to welcome Carlos Torres to our leadership team — he brings the operational depth we need as we scale in Paraguay alongside our local team led by Gabriel Lamas, our Country Operations President."
About Carlos A. Torres Pérez
Carlos A. Torres Pérez is an accomplished engineer with over 15 years of experience in large-scale infrastructure and energy systems. With degrees in Electronic Engineering and Civil Engineering, Carlos has led digital transformation initiatives and energy deployment projects across Paraguay, including industrial-scale mining sites, smart grid infrastructure, and advanced electrical systems.
"This is the moment to move fast, think boldly, and execute with precision. Paraguay has the talent, energy, and vision to lead, and HIVE recognized that. This is more than a buildout — it's a foundation for the digital future. As Operations & Project Manager, I'll ensure we set new standards and deliver results that speak for themselves."
Incentive Grants
Extensive research from Harvard Business School underscores the value of non-linear rewards and variable long-term incentives in fostering a strong organizational culture and enhancing employee retention. These incentives align employees' interests with the Company's long-term success, promoting innovation, resilience, and a commitment to strategic initiatives essential for sustained growth and competitive advantage.
HIVE's management continues to demonstrate strength and resilience by expanding its Bitcoin and HPC footprints—all while maintaining one of the industry's lowest general and administrative costs per Bitcoin mined and minimizing shareholder dilution. To recognize the HIVE team's efforts, we have granted Restricted Share Units ("RSUs") that do not vest for one year, ensuring that management stays focused on sustainable and responsible growth.
As part of this initiative, HIVE is granting 2,797,000 RSUs to select employees, officers, directors, and eligible consultants. These RSUs were issued under the Company's RSU Plan and are subject to the TSX Venture Exchange's statutory one-year minimum vesting period. The Company would like also to correct a minor misstatement included in a prior disclosure where on February 17, 2025, the Company announced that 1,090,000 RSU's were issued to select employees, officers, directors, and eligible consultants, when the number should have read 1,117,000.
About HIVE Digital Technologies Ltd.
HIVE Digital Technologies Ltd. is a pioneering technology company advancing sustainable blockchain and AI infrastructure powered by green energy. As the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017, HIVE has grown into a global leader in digital asset mining and AI computing. With operations in Canada, Sweden, and Paraguay, HIVE continues to innovate while reducing its environmental footprint.
For more information, visit hivedigitaltech.com, or connect with us on:
X: https://x.com/HIVEDigitalTech
YouTube: https://www.youtube.com/@HIVEDigitalTech
Instagram: https://www.instagram.com/hivedigitaltechnologies/
LinkedIn: https://linkedin.com/company/hiveblockchain
On Behalf of HIVE Digital Technologies Ltd.
"Frank Holmes"
Executive Chairman
For further information, please contact:
Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
Tel: (604) 664-1078
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Forward-Looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-Looking information" in this news release includes but is not limited to: the acquisition of the new site in Paraguay and its potential, the timing of it becoming operational; business goals and objectives of the Company; the acquisition, deployment and optimization of the mining fleet and equipment; the continued viability of its existing Bitcoin mining operations; the receipt of government consents; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transactions described herein and the terms thereon.
Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: the inability to enter into a binding agreement and complete the acquisition of the Paraguay site on the terms as announced or at all; the inability to complete the construction of the Paraguay acquisition on an economic and timely basis and achieve the desired operational performance; the ongoing support and cooperation of local authorities and the Government of Paraguay; the volatility of the digital currency market; the Company's ability to successfully mine digital currency; the Company may not be able to profitably liquidate its current digital currency inventory as required, or at all; a material decline in digital currency prices may have a significant negative impact on the Company's operations; the regulatory environment for cryptocurrency in Canada, the United States and the countries where our mining facilities are located; economic dependence on regulated terms of service and electricity rates; the speculative and competitive nature of the technology sector; dependency on continued growth in blockchain and cryptocurrency usage; lawsuits and other legal proceedings and challenges; government regulations; the global economic climate; dilution; future capital needs and uncertainty of additional financing, including the Company's ability to utilize the Company's ATM Program and the prices at which the Company may sell Common Shares in the ATM Program, as well as capital market conditions in general; risks relating to the strategy of maintaining and increasing Bitcoin holdings and the impact of depreciating Bitcoin prices on working capital; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the need for continued technology change; the ability to maintain reliable and economical sources of power to run its cryptocurrency mining assets; the impact of energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances; the construction and operation of facilities may not occur as currently planned, or at all; expansion may not materialize as currently anticipated, or at all; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of electricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company's profitability; the ability to complete current and future financings, any regulations or laws that will prevent the Company from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; an inability to predict and counteract the effects of pandemics on the business of the Company, including but not limited to the effects of pandemics on the price of digital currencies, capital market conditions, restriction on labour and international travel and supply chains; and, the adoption or expansion of any regulation or law that will prevent the Company from operating its business, or make it more costly to do so; and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.
The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.
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FAQ
What is HIVE's current hashrate capacity in Paraguay and when will it reach 5 EH/s?
How many Bitmain S21+ miners will HIVE deploy in its Paraguay facility?
What is HIVE's total projected hashrate across all operations by Q2 2025?
How many Bitcoins per day could HIVE produce when reaching 25 EH/s?
What is the power capacity of HIVE's new Paraguay facility?
