HIVE Digital Technologies Surpasses 10 EH/s of Bitcoin Hashrate as Expansion in Paraguay Accelerates

Company Overview - HIVE Digital Technologies Ltd. is a global leader in sustainable digital infrastructure, focusing on blockchain and AI technologies powered by green energy [7] - The company operates in Canada, Sweden, and Paraguay, and was the first cryptocurrency miner to go public on the TSX Venture Exchange in 2017 [7] Bitcoin Mining Achievements - HIVE has surpassed a total operating hashrate of over 10 Exahash per second (EH/s) and is on track to reach its Phase 1 objective of 11.5 EH/s by the end of June 2025 [2][3] - The company has added approximately 1 EH/s of Bitcoin mining capacity each week for the last month, exceeding previous guidance [3][6] - HIVE is targeting a total hashrate of 25 EH/s by Q4 2025, with a global fleet efficiency of 20 Joules per Terahash [3] High-Performance Computing (HPC) Growth - HIVE's HPC subsidiary, Buzz HPC, has achieved a $20 million annualized run-rate revenue in its GPU cloud business, one month ahead of schedule [4][5] - The rapid scale-up of Buzz HPC includes over 5,000 GPUs actively deployed, reinforcing HIVE's position in GPU cloud infrastructure [5][6] - Executive commentary highlights the potential value of the GPU cloud business, estimated to be worth 10 to 20 times its annualized cash flows [6]