Hive Digital Technologies accelerates global expansion with milestone in Bitcoin mining capacity

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1d ago 3:57

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Hive Digital Technologies Executive Chairman Frank Holmes joined Steve Darling from Proactive to highlight the company’s latest achievements in scaling its Bitcoin mining operations. The update comes on the heels of Hive’s successful acquisition of Bitfarms’ Yguazú assets in Paraguay and the energization of the site's initial 100 MW phase. Hive has now surpassed a significant milestone, reporting a global Bitcoin mining hashrate of 7.3 Exahash per second (EH/s). This represents a 10% increase over last month’s peak hashrate of 6.6 EH/s. The growth is primarily driven by the energization of the new hydro-powered facility in Paraguay, where Hive has deployed a blend of its proprietary BUZZ Miners and cutting-edge Bitmain S21+ air-cooled units. The company is rapidly accelerating the deployment of new ASIC miners, currently adding approximately 1 EH/s of capacity each month. With additional hardware deliveries expected, Hive anticipates increasing this pace to 1 EH/s every two weeks. Construction is also advancing at the company’s Valenzuela site, further contributing to Hive’s aggressive expansion strategy. By the end of May, Hive expects to have more than 20,000 mining machines operational at the Yguazú facility. The company remains on schedule to reach its Phase 1 target of 11.5 EH/s by June 2025, positioning itself as a major player in the global Bitcoin mining industry. #proactiveinvestors #hivedigitaltechnologieslet #tsxv #hive #nasdaq #hive #CryptoMining #GreenEnergy #BitcoinMining #ParaguayMining #DataCenter #Exahash #S21Miners #DigitalAssets #ProactiveInvestors

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