HIVE Digital Technologies is leading the charge in green Bitcoin mining and cutting-edge data centers for the Web3 era

HIVE Digital Technologies Ltd. is a pioneering technology company focused on advancing sustainable data center infrastructure powered by green energy. 

HIVE made history as the first digital asset miner to go public in 2017, and currently trades in Canada, the United States and Germany. With data centers in Canada, Sweden and soon Paraguay, HIVE is a global leader in digital asset mining and AI computing solutions and is committed to reducing environmental impact and optimizing operational efficiency.

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) executive chairman Frank Holmes talked with Proactive about the company’s major milestone of hitting 10 Exahash (EH/s) in Bitcoin mining capacity.

He detailed how Hive was able to achieve this rapid growth through the acquisition of partially completed Bitfarms facilities in Paraguay.

This strategic move accelerated progress beyond expectations, with Holmes noting the company is now targeting 18 EH/s by August or September.

Holmes also discussed Hive’s high-performance computing subsidiary, Hive HPC, which has reached a $20 million annual run rate.

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced a 58% increase in peak Bitcoin mining hashrate for May 2025, rising from 6.6 EH/s in April to 10.4 EH/s, as the company continues to scale operations and expand capacity.

The company attributed this growth to the successful energization of HIVE’s 100 MW hydro-powered facility in Paraguay, contributing to its global network powered entirely by hydroelectric energy.

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) announced it has surpassed 10 exahash per second (EH/s) in global Bitcoin mining hashrate as it continues to expand its Paraguay facility.

Over the past month, the company has added 1 EH/s each week and is currently ahead of schedule to reach its Phase 1 goal of 11.5 EH/s by the end of June 2025.

HIVE Digital Technologies (TSX-V:HIVE, NASDAQ:HIVE) has earned a price target raise from Stifel analysts after a flurry of positive developments for the cryptocurrency mining firm have been announced over the recent weeks.

Among these updates, the companies highlighted HIVE's purchase of new generation ASIC and graphics processing unit (GPU) hardware, the acquisition of a 6 MW data center in Sweden, and the completion of its previously announced C$28.75 million financing.

“In our view, the company remains well-positioned to executive on existing and future strategic growth opportunities given about $100 million in total liquidity (cash and Bitcoin) as well as access to an existing ATM facility,” they wrote in a note to clients.

Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to announce a major strategic milestone with the release of the company's unaudited December 2024 production results. During the month, HIVE successfully mined 103 Bitcoin, bringing its HODL portfolio to 2,805 BTC, reflecting an impressive 64.6% year-over-year increase and surpassing a key operational target.

HIVE maintained an average mining capacity of 5.5 Exahash per Second (EH/s) during the month, with its fleet achieving an efficiency of 22 Joules per Terahash (J/TH). The company also reached a peak Bitcoin-only hashrate of 6.0 EH/s and a peak Bitcoin-equivalent hashrate of 6.3 EH/s, further solidifying its position as a leader in sustainable crypto mining. Holmes highlighted that as of December 31, 2024, HIVE's Bitcoin holdings were valued at over $261.9 million, based on Bitcoin’s closing price of approximately $93,400.

Looking ahead to 2025, HIVE is poised for significant growth. The company is targeting a global hashrate capacity of 15.0 EH/s by the end of 2025, with a blended fleet efficiency of 17.0 J/TH. A key driver of this expansion will be the deployment of its 100 MW hydroelectric-powered strategic facility in Paraguay, which emphasizes HIVE's commitment to sustainability and renewable energy. By the close of the second calendar quarter of 2025, HIVE aims to achieve 13.0 EH/s of global hashrate with the completion of the initial 100 MW phase in Paraguay.