HIVE Digital Technologies Ltd. builds and operates digital infrastructure for Bitcoin mining, high-performance computing, and GPU-accelerated AI workloads. Company updates center on BUZZ High Performance Computing, AI cloud deployments, Tier-I and Tier-III data center capacity, fibre and power infrastructure, and renewable-energy-backed operations in markets including Canada, Sweden, and Paraguay.
Recurring HIVE news also covers customer and technology collaborations, hashrate services, GPU procurement and deployment, exchange listings, at-the-market equity activity, and exchangeable note financing. Its disclosures connect capital actions with data center development, AI compute capacity, and the shift from ASIC-based mining capacity toward broader HPC and sovereign AI compute services.
HIVE Digital Technologies has achieved a significant milestone by surpassing 10 Exahash per second (EH/s) in global Bitcoin mining hashrate, adding 1 EH/s weekly over the past month. The company is ahead of schedule to reach its Phase 1 target of 11.5 EH/s by June 2025, with plans to expand to 25 EH/s by Q4 2025. The company's global fleet maintains an efficiency of 20 Joules per Terahash.
Additionally, HIVE's HPC subsidiary, Buzz HPC, has reached $20 million in annualized run-rate revenue from its GPU cloud business, one month ahead of schedule. The subsidiary now operates over 5,000 GPUs for AI workloads. The company is currently producing over 5 Bitcoin per day, and management believes the GPU cloud business could be valued at 10-20x its annualized cash flows.
HIVE Digital Technologies has achieved a new milestone of 9.5 Exahash per second (EH/s) in Bitcoin mining hashrate, representing over 1% of the global Bitcoin network. The company is currently mining over 4.5 Bitcoin daily and aims to reach 25 EH/s by the end of 2025.
HIVE's expansion plans include reaching 11.5 EH/s by June 2025 and launching a second 100 MW facility in Yguazú, Paraguay, targeting 18 EH/s by summer 2025. A third 100 MW campus in Valenzuela, Paraguay, is planned to achieve the 25 EH/s goal by Q4 2025. The company operates using 100% renewable energy, with its first 100 MW hydro-powered data center already operational in Yguazú, adding approximately 1 EH/s weekly.
HIVE Digital Technologies has achieved a record 9.5 Exahash per second (EH/s) in Bitcoin mining hashrate, surpassing 1% of the global Bitcoin network. The company is currently mining over 4.5 Bitcoin daily and aims to reach 25 EH/s by the end of 2025.
HIVE's expansion plan includes: reaching 11.5 EH/s by June 2025, launching a second 100 MW facility in Yguazú targeting 18 EH/s, and developing a third 100 MW campus in Valenzuela, Paraguay. The company is adding approximately 1 EH/s weekly, leveraging 100% renewable energy through hydro-powered data centers.
HIVE Digital Technologies (NASDAQ: HIVE) has announced an amended equity distribution agreement for an ATM Program allowing the sale of up to US$119.2 million of common shares. This follows their previous October 2023 agreement, under which they raised US$180.7 million. The new shares will be sold through multiple agents including Keefe, Bruyette & Woods, Stifel Nicolaus, and others at prevailing market prices.
The ATM Program will be conducted on both the TSX Venture Exchange and Nasdaq Stock Market. HIVE plans to use the proceeds for general corporate purposes, working capital, debt repayment, and potential acquisitions. The company maintains flexibility with no obligation to sell shares and can terminate the agreement before reaching the maximum amount.