HIVE Digital Technologies Surpasses 14 EH/s Milestone as Global Expansion Accelerates Toward 25 EH/s
HIVE Digital Technologies (NASDAQ: HIVE) has achieved a significant milestone by surpassing 14 EH/s of Bitcoin mining hashrate across its operations in Canada, Sweden, and Paraguay. The company is currently generating a Bitcoin annual run rate revenue of $315 million with 55% mining margins after electricity costs.
HIVE's expansion in Paraguay is progressing rapidly, with Phase 2 at Yguazú site over 60% complete and 4 EH/s of Bitmain S21+ Hydro miners already operational. The company's daily Bitcoin production has increased from 4 to over 7 BTC per day, with projections to reach 12 BTC daily by year-end. HIVE is on track to achieve 18 EH/s by summer end and 25 EH/s by U.S. Thanksgiving.
The company's growth is funded through operations without dilution, and upon completing Phase 2, HIVE expects to achieve a global fleet efficiency of 18.5 joules per terahash.
HIVE Digital Technologies (NASDAQ: HIVE) ha raggiunto un traguardo importante superando un hashrate di mining Bitcoin di 14 EH/s nelle sue operazioni in Canada, Svezia e Paraguay. Attualmente, l'azienda genera un fatturato annuo previsto di Bitcoin pari a 315 milioni di dollari con margini di mining del 55% dopo i costi dell'elettricità.
L'espansione di HIVE in Paraguay procede rapidamente, con la Fase 2 presso il sito di Yguazú oltre il 60% completata e 4 EH/s di miner Bitmain S21+ Hydro già operativi. La produzione giornaliera di Bitcoin è aumentata da 4 a oltre 7 BTC al giorno, con previsioni di raggiungere 12 BTC giornalieri entro la fine dell'anno. HIVE è in linea per raggiungere 18 EH/s entro la fine dell'estate e 25 EH/s per il Thanksgiving negli Stati Uniti.
La crescita dell'azienda è finanziata attraverso le operazioni senza diluizione e, al completamento della Fase 2, HIVE prevede di raggiungere un'efficienza globale della flotta di 18,5 joule per terahash.
HIVE Digital Technologies (NASDAQ: HIVE) ha alcanzado un hito importante al superar un tasa de hash de minería de Bitcoin de 14 EH/s en sus operaciones en Canadá, Suecia y Paraguay. Actualmente, la compañía genera un ingreso anual estimado de Bitcoin de 315 millones de dólares con márgenes de minería del 55% después de los costos de electricidad.
La expansión de HIVE en Paraguay avanza rápidamente, con la Fase 2 en el sitio de Yguazú más del 60% completada y 4 EH/s de mineros Bitmain S21+ Hydro ya operativos. La producción diaria de Bitcoin ha aumentado de 4 a más de 7 BTC por día, con proyecciones de alcanzar 12 BTC diarios para fin de año. HIVE está en camino de lograr 18 EH/s para finales del verano y 25 EH/s para el Día de Acción de Gracias en EE. UU.
El crecimiento de la compañía se financia a través de las operaciones sin dilución y, al completar la Fase 2, HIVE espera alcanzar una eficiencia global de la flota de 18,5 julios por terahash.
HIVE Digital Technologies (NASDAQ: HIVE)는 캐나다, 스웨덴, 파라과이에서의 운영을 통해 14 EH/s 이상의 비트코인 채굴 해시레이트를 돌파하는 중요한 이정표를 달성했습니다. 현재 회사는 전기 비용을 제외한 55%의 채굴 마진으로 연간 3억 1,500만 달러의 비트코인 매출을 창출하고 있습니다.
파라과이에서의 HIVE 확장은 빠르게 진행 중이며, 이과수(Yguazú) 현장 2단계가 60% 이상 완료되었고 4 EH/s의 Bitmain S21+ Hydro 채굴기가 이미 가동 중입니다. 회사의 일일 비트코인 생산량은 4 BTC에서 7 BTC 이상으로 증가했으며, 연말까지 일일 12 BTC에 도달할 것으로 예상됩니다. HIVE는 여름 말까지 18 EH/s, 미국 추수감사절까지 25 EH/s 달성을 목표로 하고 있습니다.
회사의 성장은 희석 없이 운영 자금으로 이루어지고 있으며, 2단계 완료 시 HIVE는 테라해시당 18.5 줄의 글로벌 설비 효율성을 달성할 것으로 기대하고 있습니다.
HIVE Digital Technologies (NASDAQ : HIVE) a franchi une étape importante en dépassant un taux de hachage de minage Bitcoin de 14 EH/s sur ses opérations au Canada, en Suède et au Paraguay. L'entreprise génère actuellement un chiffre d'affaires annuel en Bitcoin de 315 millions de dollars avec une marge de minage de 55% après les coûts d'électricité.
L'expansion de HIVE au Paraguay progresse rapidement, avec la Phase 2 sur le site de Yguazú terminée à plus de 60% et 4 EH/s de mineurs Bitmain S21+ Hydro déjà opérationnels. La production quotidienne de Bitcoin de l'entreprise est passée de 4 à plus de 7 BTC par jour, avec des projections pour atteindre 12 BTC par jour d'ici la fin de l'année. HIVE est en bonne voie pour atteindre 18 EH/s d'ici la fin de l'été et 25 EH/s pour Thanksgiving aux États-Unis.
La croissance de l'entreprise est financée par ses opérations sans dilution, et une fois la Phase 2 terminée, HIVE prévoit d'atteindre une efficacité globale de la flotte de 18,5 joules par terahash.
HIVE Digital Technologies (NASDAQ: HIVE) hat einen bedeutenden Meilenstein erreicht, indem es eine Bitcoin-Mining-Hashrate von über 14 EH/s in seinen Betrieben in Kanada, Schweden und Paraguay überschritten hat. Das Unternehmen erwirtschaftet derzeit einen jährlichen Bitcoin-Umsatz von 315 Millionen US-Dollar bei 55% Mining-Margen nach Stromkosten.
Die Expansion von HIVE in Paraguay schreitet schnell voran, mit Phase 2 am Standort Yguazú zu über 60% abgeschlossen und 4 EH/s Bitmain S21+ Hydro Miner bereits im Betrieb. Die tägliche Bitcoin-Produktion des Unternehmens ist von 4 auf über 7 BTC pro Tag gestiegen, mit Prognosen, bis zum Jahresende 12 BTC täglich zu erreichen. HIVE ist auf Kurs, bis Ende Sommer 18 EH/s und bis zum US-amerikanischen Thanksgiving 25 EH/s zu erreichen.
Das Wachstum des Unternehmens wird durch den operativen Betrieb ohne Verwässerung finanziert, und nach Abschluss von Phase 2 erwartet HIVE eine globale Flotteneffizienz von 18,5 Joule pro Terahash.
- Bitcoin mining revenue ARR increased to $315 million from $105 million in March 2025
- Strong mining margins of 55% after electricity costs
- Daily Bitcoin production increased from 4 to over 7 BTC, targeting 12 BTC by year-end
- Growth funded through operations without shareholder dilution
- Expected fleet efficiency improvement to 18.5 J/TH
- Phase 2 at Yguazú site is 60% complete with 4 EH/s already operational
- Significant electricity costs impacting 45% of mining revenue
- Large-scale expansion requires substantial operational oversight with 300 workers
- Heavy dependence on Bitcoin price volatility for revenue projections
Insights
HIVE triples revenue run rate to $315M with 14 EH/s achieved, targeting 25 EH/s by Thanksgiving with 55% mining margins.
HIVE's achievement of 14 EH/s represents a significant operational milestone in the competitive Bitcoin mining landscape. This hashrate expansion has translated to an impressive
The Paraguay expansion is particularly noteworthy with Phase 2 at Yguazú already
From a financial perspective, HIVE has demonstrated remarkable revenue growth, tripling from
Most impressively, HIVE's projected growth to 25 EH/s by Thanksgiving would potentially position them to produce nearly
This news release constitutes a "designated news release for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025, to its short form base shelf prospectus dated September 11, 2024.
San Antonio, Texas--(Newsfile Corp. - July 30, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a diversified multinational digital infrastructure company, is proud to announce that it has surpassed 14 Exahash per second ("EH/s") of Bitcoin mining hashrate across its operations in Canada, Sweden, and Paraguay, and in the process has realized a current Bitcoin annual run rate ("ARR*") revenue of
This milestone marks a pivotal inflection point in HIVE's global growth trajectory as the Company leverages favorable market conditions, including rising Bitcoin prices, increasing institutional adoption of digital assets, and growing demand for AI-ready data centers.
Paraguay-Fueled Growth: Over 7 Bitcoin Mined Daily, 300 Construction Workers and Engineers On-Site
HIVE's three-campus buildout in Paraguay continues with focus. Phase 2 at the Yguazú site is now over
With full deployment of Phase 2 expected to deliver 6.5 EH/s, and ongoing development at the Valenzuela site (Phase 3), HIVE forecasts daily production to reach 12 Bitcoin per day by year-end - or nearly
"We have over 300 locally hired workers, all moving in lockstep to deliver world-class digital infrastructure at an extraordinary pace," said Frank Holmes, Co-Founder and Executive Chairman. "This is a project built on speed, precision, and purpose - think Navy SEALs meets Stargate in West Texas."
Further, "The team is working 24/7 with enthusiasm and pride - not only to scale our electrical infrastructure, but to transform and uplift surrounding communities," added Gabriel Lamas, Country President of HIVE Paraguay. "This project is about national progress, innovation, and sustainable leadership in the digital economy."
Global Adoption Tailwinds: U.S. Genius Act and Stablecoin Boom
HIVE's strategy aligns with powerful macro trends: the global acceleration of stablecoin usage, Bitcoin's growing role in emerging market finance, and regulatory clarity in the U.S.
The recent passage of the U.S. Genius Act in Washington has further legitimized Bitcoin and stablecoins as core financial infrastructure. This development mirrors HIVE's own belief in decentralized, energy-efficient digital systems as the foundation for the future of finance.
Revenue Run Rate Surges to
Following its fiscal year-end on March 31, 2025, in which the Company reported
"We're mining over 7 Bitcoin a day - clean, green, and fully funded by our operations," said Aydin Kilic, President & CEO. "Our growth is powered by cash flow and HODL - no dilution, no shortcuts. We're focused on scaling with discipline."
Execution Excellence: 18.5 J/TH Efficiency Target
Upon completing Phase 2, HIVE expects its global fleet efficiency to improve to approximately 18.5 joules per terahash ("J/TH") thanks to the integration of energy-efficient ASICs and advanced cooling infrastructure.
"Our team in Paraguay is functioning at an exceptionally high level," said Luke Rossy, Chief Operating Officer. "We're racking miners and energizing containers in record time. HIVE continues to perform strongly in both ROIC and infrastructure cost-efficiency."
* As used herein, "Mining Margin" is calculated by dividing the mining profit (revenue generated from mining activities minus power costs related to those activities) by the total revenue generated from mining activities and expressed as a percentage. In mining, the most significant expense is power costs. "ARR", as a metric, represents revenue only, and does not represent profitability. ARR is presented here as a measure of growth. These non-GAAP measures should be read in conjunction with and should not be viewed as alternatives to or replacements for measures of operating results and liquidity presented in accordance with GAAP in HIVE's quarterly and annual financial statements.
About HIVE Digital Technologies Ltd.
Founded in 2017, HIVE Digital Technologies Ltd. builds and operates sustainable blockchain and AI infrastructure data centers, powered exclusively by renewable hydroelectric energy. With a global footprint in Canada, Sweden, and Paraguay, HIVE is committed to operational excellence, green energy leadership, and scaling the future of digital finance and computing, while creating long-term value for its shareholders and host communities.
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 construction of the Company's in Yguazú, Paraguay and its potential specifications and performance upon completion, 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 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
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