HIVE Digital Technologies .(US:HIVE) Newsfile·2025-05-09 10:00Core Insights - HIVE Digital Technologies has accelerated its operations in Paraguay, achieving a global Bitcoin mining hashrate of over 7 EH/s, marking a 10% month-over-month increase [3][4] - 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 [5][6] Expansion and Growth - Following the acquisition of Bitfarms' Yguazú assets, HIVE has completed the first 100 MW phase of its hydro-powered facility in Paraguay, contributing to the increase in hashrate [3][4] - HIVE plans to add approximately 1 EH/s of additional capacity per month, with an accelerated pace expected to reach 1 EH/s every two weeks as new ASIC miners are deployed [4][7] - The company aims to achieve a total hashrate of 11.5 EH/s by the end of June 2025 and 18 EH/s by the end of summer 2025 through ongoing expansions [4][9] Financial Performance - HIVE's disciplined capital allocation has resulted in savings of $27 million in capital expenditures, enhancing near-term growth prospects [5] - The company raised gross proceeds of C$96.9 million (approximately $67.4 million) through the issuance of common shares, which will be used for data center equipment purchases and strategic investments [12][13] Operational Efficiency - The average hashrate during April was 6.5 EH/s, with a peak of 6.6 EH/s, and mining efficiency was reported at 20.7 joules per terahash [6] - HIVE's expansion in Paraguay is expected to utilize the latest Bitmain S21+ Hydro ASIC miners, enhancing operational efficiency and capacity [7][9]