HIVE Digital Technologies .(US:HIVE) Newsfile·2025-05-09 05:00Core Insights - HIVE Digital Technologies has accelerated its operations in Paraguay, achieving a global Bitcoin mining hashrate of 7.3 EH/s, marking a 10% month-over-month increase [2][3] - The company produced 102 Bitcoin in April 2025, averaging 3.4 BTC per day, with expectations to nearly double this production by the end of June 2025 [4][5] Expansion and Growth - Following the acquisition of Bitfarms' Yguazú assets and the completion of the first 100 MW phase, HIVE is on track to add approximately 1 EH/s of capacity per month, aiming for a total of 11.5 EH/s by the end of June 2025 [2][3][4] - Phase 2 construction is underway, which will add an additional 6.5 EH/s, bringing the total hashrate to approximately 18 EH/s by the end of summer [6][8] Financial Performance - The company reported gross proceeds of C$96.9 million (approximately $67.4 million) from the issuance of 25,206,407 common shares during the three-month period ended March 31, 2025 [11] - The net proceeds from the equity distribution agreement are being utilized for data center equipment purchases, strategic investments, and general working capital [12] Operational Efficiency - HIVE's average hashrate during April was 6.5 EH/s, with a peak hashrate of 6.6 EH/s and fleet efficiency of 20.7 joules per terahash [5] - The company is leveraging clean hydroelectric power for its operations, which provides a strategic advantage in scaling production [4]